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Schedule of Fees & Charges

Clear, upfront fees

A summary of the fees and charges that apply to our products and services. All fees are quoted in Jamaican Dollars and are effective September 23, 2024.

Download the official PDF

Where shown, GCT (15%) is added to the fee. All fees are in Jamaican Dollars (JMD) and subject to change. The official PDF is the authoritative source.

Loan Processing Charges

Fee

Amount

GCT

NSIPP

$3,900.00

None

Inspection / Field Visit

$2,000.00 + $85 per km

+15%

Caveat Search

$2,000.00

None

Mortgage & Discharge Charges

Loan × 1.5%

+15%

Credit Bureau Checks

$3,000.00

None

Express Service

$30,000.00

None

Service Charge on Loans

Fee

Amount

GCT

Cash Secured (Internal)

+15%

Cash Secured (External)

+15%

All other Loans

+15%

Share Builder

3% + an additional 1%

None

Delinquency Fees

Bailiff and Legal Fees will apply on the outstanding balances on Delinquent Loans.

Other Service Charges

Fee

Amount

GCT

Audit Confirmation

$2,500.00

None

Bank Statement / Embassy Letter

$1,800.00 next day; $2,000.00 same day (Express)

None

Credit Reference

$2,500.00

None

Returned Cheques, Local

$1,500.00 + bank charges

None

Returned Cheques, Foreign

$2,000.00 + bank charges

None

Document Search Fee (at Member’s request)

$2,000.00 + $750.00 per hour

+15%

Account Maintenance Fee

$195.00 per quarter

None

Standing Order, External

$1,500.00

None

Standing Order, Insurance

$500.00

None

Hypothecation Letters, External

$4,000.00

None

Stop Payment on Cheques

$1,500.00

None

Additional Cheque

$500.00

None

No Passbook Withdrawal

$500.00

None

ATM Card Replacement

$1,200.00

None

Letters of Undertaking (other than loan)

$2,000.00

None

RTGS Fees

$1,500.00

None

Photocopying / Printing of Documents

$200.00 per page

None

Close Account (Membership)

$1,000.00, no charge on Youth Saver Account

None

Certificate of Interest Paid & Tax Withheld

$1,500.00 + $500.00 for each additional year

None

Effective September 23, 2024. This is a summary; the terms and conditions of our products and services are subject to change from time to time. Please confirm current fees with a Member Service Representative or refer to the official Schedule of Fees & Charges PDF.

Have a question about a fee?

Our team is happy to explain any charge before you proceed.

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