LOANS & LENDING

Loans at Central Co-operative Credit Union

Central Co-operative Credit union loans are among the most competitive loans available in Dominica. How can you get one? You’ll need to become a member before you qualify for a loan. Find out what it takes to get a credit union loan. Before applying for a credit union loan, you have to become a ‘member’. As long as you meet the criteria you’re in. You’ll often qualify by sharing characteristics with other members such as where you work or where you live.

General Loan Requirements

Land Loans

  • Letter of intent to sell
  • 5% minimum Savings on the Account
  • 2 most recent salary slips
  • Affordable interest rate
  • 15 Years (Maximum payback period)
  • Proof of ownership of property ( copy of certificate of title, etc.)
  • Updated valuation of property
  • Land survey plan – 3 copies (upon loan approval)

Switch / Mortgage Loan

  • 5% minimum Savings on Account
  • 2 most recent salary slips
  • Affordable Interest Rate
  • 30 Years (Maximum payback period)

Vehicle Loan

  • 15%-25% Savings on Account
  • 2 most recent salary slips
  • Affordable interest rate

Character Loan

  • 5% minimum Savings on Account
  • 2 most recent salary slips
  • Affordable interest rate

Borrow up to $10,000 unsecured

Debt Consolidation

  • 5% minimum Savings on Account
  • 2 most recent salary slips
  • Affordable interest rate
  • Valuation of Property

Business Loan

  • 5% minimum Savings of the Total Loan
  • 2 most recent salary slips
  • Affordable interest rate
  • Registration of Business

CCCU XPRESS Facility

Money when you need it!

  • Works like a Credit Card but it’s much cheaper
  • No High interest rates
  • Quick money with an easier method of payment
  • Credit limit: $500 – $10,000
  • Apply only once then access your funds anytime you need it without visiting the loans department
  • Repay on time and your money becomes available again when you need it
  • Maximum approve time is only one week

Rush Money

Rush Money

  • No Interview
  • No Security Needed
  • No Credit Checks
  • Borrow up to $10,000
  • Simply fill out the pre-printed application form
  • Provide all accurate information (letter of employment, 2 recent salary slips)
  • Submit to the loans officer

Approval in 2 days!

PAY DAY LOAN

Money in 2 Easy Steps!

  • 2 most recent slips
  • Letter of employment

LOAN using Co-MAKER/SPOUSE/PARTNER

  • 2 most recent salary slips
  • Bank Activity

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