General Vehicle Loans

Vehicles wholly for private use require 25% equity. Minibuses and Business vehicles require 75% equity. Vehicles originally purchased for private use and later converted to business within the loan term requires additional contribution to equity.

  • Interest rate is 12%.

Rates and other terms are subject to change from time to time without notice.

Requirements

Documents

  • Insurance Premium invoice
  • Vehicle Valuation
  • Mechanical Report (Reconditioned Vehicles)
  • Vehicle Registration
  • Employment letter
  • Current Salary slip
  • Last 2 years Financial Statements (Self-employed)
  • Photo identification

Collateral

  • 25% Deposit (private vehicles)
  • 75% Deposit (passenger vans/taxis)
  • Comprehensive insurance
  • Bill of sale

Diamond Deal (Special Product Vehicle Loans)

The KCCU Diamond Deal loan product is a hybrid of the KCCU Diamond Wheels. The product was originally launched to commemorate our nation's 40th Anniversary of Independence. It covers private vehicle purchase, vehicle license and insurance.

  • Interest rate is 8%

Rates and other terms are subject to change from time to time without notice.

Requirements

Documents

  • Insurance Premium invoice
  • Vehicle Valuation
  • Mechanical Report (Reconditioned Vehicles)
  • Vehicle Registration
  • Employment letter
  • Current Salary slip
  • Photo identification

Collateral

  • 8% Deposit 
  • Comprehensive insurance
  • Bill of sale

Terms and Conditions

  • Member must be employed for at least 2 years at a reputable company. (This can be reviewed on a case-by-case basis depending on the employer.)
  • Vehicle purchased must be no older than 12 years model.  
  • Member must have access to direct deductions.

News

KLICK KCCU...

Our ‘KLICK KCCU’ Mobile App is still available for download in PlayStore. T...

Assets for sale...

FOR SALE The following listed lands and properties are for sale. Intereste...

Sending Money to KCCU...

Important notice for International members in need of making payments ...

Kingstown Cooperative Credit Union © 2018. All rights reserved.