Need a
LOAN
Credit union loans are among the most competitive loans
available. How can you get one? You’ll need to become a
member before you qualify for a credit union loan.
?
Loans Available
Motor Vehicle Loan
Features
•Access up to J$2.5 million •100% financing available** •Competitive interest rate on reducing balance
•Up to 10 years to repay
Home Loan
Education Loans
Get an Educational/
Back-to-School loan at
BJ Staff Credit Union
•Loan ceiling of
$250,000 available •Available between
July-September each year •For educational expenses of members or their children
•Low 11.5% interest
•Repayable in 1 year
Personal Loan
Looking to build or buy your own home?
•BJ Credit Union gives up to $4 million for first time home owners.
•Must be a member for one year
Renewable Energy Loan
Secure that vacation or whatever you’ve been
dreaming of with a personal
loan from BJ Staff Credit
Union.
•Borrow up to 3 times
your ordinary shares up
to $3.2 million maximum
•Repayment period up to
6 years
•Interest rate of 1.5 %
per month on the reducing balance
Unsecured Loan
Features
•Access up to J$800K
•with up to 4 years to repay
•Discounts from our new partner Alternative Energy Plus Limited
•You can now update your home with Solar-powered
products
•12% per annum on reducing balance
Pay-day Loan/Salary Advance
Need funds to tide you over? Pay a bill or two? Back-toSchool? Debt consolidation?
Features
•Borrow up to 75% of available salary
•Facility available between 1st -15th of the month.
•Must be repaid in full by the end of the same month.
•Low 5% Processing fee
•No interest.
Get an unsecured loan without collateral.
•Borrow up to a maximum of $150,000
•Interest rate of 2.16% per month on the reducing balance
•Repay over 1 year
•No security required
Loan Protection and Life Savings
Insurance
When you take out a loan from your Credit Union it
is safe, secure, guarantees great rates and includes
the added protection of Life Savings and Loan
Protection Insurance at no extra cost.
Special Features:
•Pays insurable balances of deceased member up
to age 70
•Service is offered at no additional cost
•The maximum loan and duration of coverage is
determined by your Credit Union’s Loan Protection contract limit
•Total and permanent disability is covered if the
disability started before age 60