Please provide the following:

- Proof of Income: - Payslips/check stubs/job letter OR - Financial statement (for self-employed)

- If the vehicle is imported, take in a copy of the C-87 form and Certificate of Fitness from car dealer.

- If the vehicle is registered to an individual or company, car dealer must provide copies of purchase receipt, Vehicle Title, Certificate of Fitness and Registration.

- Take in a valuation report, which should not be older than six (6) months, from a valuator approved by the Credit Union e.g. MSC McKay, Trans Jamaica Loss Adjusters, or Automet (subject to change).

- Allow Credit Union personnel to inspect the vehicle.

- Letter from insurance company stating the cost of comprehensive insurance for one year and their willingness to note the Credit Union’s interest in the vehicle.

- Upon approval of the Loan, proof of insurance, by way of the cover note and receipt, in an amount adequate to cover the value of the vehicle.

- Open a Motor Vehicle Insurance Club Account at Credit Union from which the Credit Union will pay the insurance.

- Your TRN

NB- To apply for the loan one MUST be a member of the Credit Union

Requirements For Loan Application

-Job Letter
-Last three (3) month’s payslips
-Financial Statements (self-employed individuals)
-Verification of purpose
-Id (Passport, Driver’s Licence or National ID)
-Taxpayer’s Registration Number (TRN)
-Credit Union passbook
You may need one or more of the following depending on the type of loan being applied for.

-Valuation Report
-Motor Vehicle Title, Fitness&Registration/ C87
-Quotation of Comprehensive Insurance
-Registered Title
-Surveyor’s Id Report
-Certificate of Payment of Taxes
-Character Reference
-Credit Reference
-Guarantor(s)