- Features
- Ways to Bank
Monthly Interest
Up to 0.5% interest per month
Interest Rate
6% interest rate per annum charged on the reducing balance of the mortgage.
Maximum Term
Repayment period up to 30 years.
Ready to get started?
Visit a Branch
Visit us in person at one of our branches in Bellevue, or Grand Bay.
Bank over the Phone
Speak to an agent from our member services team.
GBCCU Online
Bank securely online. It’s safe, convenient and easy to use.
Conditions
- Have insurance coverage for the building and the policy assigned to GBCCU Ltd.
- Loan instalments to include Insurance Premium.
- Disbursement will be made only after a progress report by a qualified valuator approved by the Society is received and evaluated.
- All the fees and expenses in connection with the said loan will be paid by the borrower.
- Compulsory Saving of $50.00.
Requirements
Bundling an existing mortgage
- If the mortgage is not with the Society, statement from financial institution with mortgage payo balance.
- Valuation of Property
- Copy of the Certificate of Title
- 5% deposit on savings
- Life Insurance
- Homeowners Insurance
- Proforma Invoice for items being bundled
- Credit Report
Bundling a new construction
- Approved plan
- Letter of approval from the Physical Planning Authority
- Bill of Quantities and Estimates Valuation of Property
- Copy of certificate of title
- 5% deposit on the savings
- Life insurance
- Under construction insurance
- Construction contract
- Salary deduction order (if applicable)
GBCCU Mortgage Bundles.
Building or buying a home is the dream of many people. It is also the largest investment you may ever make in your lifetime.
The Grand Bay Co-operative Credit Union is committed to turning your dream into a reality.
Add land, vehicle, furniture, and solar equipment to your mortgage.
Add land, vehicle, furniture and solar equipment
Loan Calculator
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