- Features
- Ways to Bank
Features
Amount
Borrow up to $500,000.
Interest Rate
6.5% interest rate per annum charged on the reducing balance of the mortgage.
Maximum Term
Repayment period up to 30 years.
Ready to get started?
Ways to Bank
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
Looking to Build?
- Minimum of twelve (12) shares ($600.00).
- Building Insurance (can be added to the loan).
- Contractors, All Risk Insurance (can be added to the loan)
- Life Insurance
Looking to Purchase a home or building?
- Letter of intent to sell
- Proof of ownership (Certificate of Title)
- Valuation of Property.
- Life Insurance
- Estimation of Homeowners Insurance.
- 5% of the loan amount on savings.
- Two (2) recent salary slips/Income Statements.
- Proof of employment.
- Credit reports from other Financial institutions.
- Life insurance
Loan Calculator
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