Personal Loans


 

Whatever your need, the BWU Co-operative Credit Union Limited has a solution for you and can assist in achieving your goals.

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We provide loans for personal expenses such as:

  • Travel expenses

  • Wedding expenses

  • Funeral expenses

  • Vehicle expenses

  • Furniture purchases

  • Educational purposes

  • Debt Consolidation

  • WaterSmart Water Tank Loans (Special offer to St. Andrew, St. Peter, St. Lucy, St. John & St. Joseph residents)

Come in today and speak to our Loan Officers to discuss your Personal Loan options. Please see below for requirements.


SECURED DEBT CONSOLIDATION

Borrow up to $150,000 with a minimum deposit of 10% of the amount being requested.

Documents required:

  • Original correspondence from each Creditor showing the amounts outstanding.

  • Security most be provided for loan (Property, land, vehicle etc.)

  • Cheques will be written to the Creditors


UNSECURED DEBT CONSOLIDATION

Borrow up to $30,000 with a minimum deposit of 10% of the amount being requested.

Documents required:

  • Original correspondence from each Creditor showing the amounts outstanding.

  • Cheques will be written to the Creditors


TRAVEL

Borrow up to $10,000 with a minimum deposit of 10% of the amount being requested.

Documents required:

  • A valid Itinerary and/or proof of payment of airfare to the travel company


WEDDINGS or FUNERALS (Unsecured)

Borrow up to $25,000 with a minimum deposit of 10% of the amount being requested.

Documents required:

  • An acceptable Pro Forma Invoice(s) from the provider of the services.

  • One Wedding invitation


WEDDINGS or FUNERALS (Secured)

Borrow up to $50,000.00 with a minimum deposit of 10% of the amount being requested.

Documents required:

  • Acceptable Pro Forma Invoice from Funeral Home


EDUCATION

Borrow up to $150,000 with a minimum deposit of 15% of the amount being requested.

Documents required:

  • Acceptance letter to the College/University

  • Cost of educational training

  • Cost of board and lodging where applicable