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Debt Consolidation

Do you have too Many Monthly Payments?
Are you overwhelmed with several outstanding debts?

The SVG Teachers Co-operative Credit Union has the solution for you!! You will be provided with a Debt-Consolidation Loan to pay these overwhelming debts.

Debt-Consolidation Loan Requirements:

  • Applicant must be a member for at least three (3) months or pay up shares for the three (3) months.
  • At least 10% of the amount of the loan requested in shares and deposits.
  • A printout showing six (6) months’ activity from institutions.
  • A valuation report provided by one of our accepted valuators, if using your mortgage as security.
  • Proof of income in the form of a job letter addressed to SVG Teachers Co-operative Credit Union Ltd. and your most recent salary slip.
  • Proof of address in the form of a utility bill.
  • The title deed for the property to be mortgaged.
  • A certified survey plan.
  • A life insurance policy.
  • A house insurance policy.
  • In the case of a vehicle, information such as the invoice, valuation, registration form, cost of a comprehensive insurance policy and a valid driver’s license must be provided.
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