Important Weather Announcement
We wish to advise our members that the credit union will be closed on Monday July 1st, due to Hurricane Beryl. We will advise on the reopening of the credit union after the all clear has been given and the assessment of the office has been completed.
Please monitor our social media pages such as Facebook, Instagram and our Website at www.lpecu.bb for updates.
We apologize for any inconvenience caused. Please stay safe during the passing of this hurricane.
Light and Power Employees Co-operative Credit Union Ltd- Committed to Total Member Satisfaction
Mortgage Loan
Mortgage Loan
Our Mortgage Loan is granted specifically for the purpose of acquiring or improving real estate for residential purposes. We make it easy for you to own a home by offering you very attractive and competitive loan rates. A deposit of 5% share equity with interest rates as low as 7.5% and you can be on your way to achieving your dream of home ownership. Rates are variable and conditions apply.
Requirements:
- One Passport Size Photograph.
- Valid Identification ( Driver’s License, Passport, Barbados Identification Card)
- Last three (3) Salary Slips.1
- Job letter stating salary, position, and commencement date of employment.
- Up-to-date utility bill for current address.
- Letter from co-operative society or financial institution showing the status of existing mortgage for mortgage transfers.
- Sales Agreement.
- Deposit Receipt.
- Valuation Report with photograph of property.
- Fire & Peril Insurance.
*Conditions Apply