Latest Loan Rates

Get more out of your money with our fantastic loan rates.

LOAN TYPE INTEREST RATE (Reducing Balance)
New Vehicle 0.49%-0.6%
Character 1%
RORO/Used Vehicle 1%
1ST Mortgage 0.5%
2ND Mortgage 0.58%
Fully-secured 0.75%

All rates are subject to change without notice.

Debt Consolidation

Ease the Tension with TECU’s debt consolidation loan. This loan provides a low interest loan option to combine all their existing debts. We make debt consolidation easy!

Complete the form below to find out how you can gain financial freedom!

Loan Requirements:

  • Two forms of valid government issued picture ID
  • Proof of address (utility bill)
  • Evidence of income (recent payslip and job letter)
  • Temporary/Contract workers must be continuously employed for at least two (2) consecutive years
  • Self-employed individuals- Respective business should be registered, with the exception of taxi/maxi operators. Member must provide bank statements for at least three years
  • Must provide established standing order/salary deduction for repayment
  • Member should be contributing regularly to shares/ good repayment history in the last six (6) months. New members must have good repayment history within the last twelve (12) months
  • D.S.R. should not exceed 45%