Manchester Co-operative Credit Union (1977) Limited’s COVID-19 Response Learn More

Property Loan

Purposes include: to purchase a home on the open market, to build on own land, to improve an existing home or to acquire land.

Minimum of 5% share requirement.

Loan amounts range up to $25,000,000.

Repayment term: Up to 20 years.

Competitive loan rates on the reducing balance.

Free Life Savings & Loan Protection Insurance.

Conditions Apply

General Loan Requirements
  • 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

Additional Documents required:

  • Valuation Report
  • Quotation of Insurance (where Applicable)
  • Registered Certificate of Title
  • Commissioned Land Surveyor’s ID Report
  • Certificate of Payment of Taxes
  • Proof of purpose
Disclaimer: The terms and conditions of the products are subject to change from time to time. Please confirm the current terms and conditions with a Member Service Representative.