From time to time in life and business, we find ourselves needing a little or a lot more money than we have to meet certain pressing financial goals.The St. Vincent Building & Loan Association offers loans to meet the needs of all our members at very competitive rates. The categories of loans include: Consumer; Personal and Commercial Mortgage Loans.

COMMERCIAL AND MORTGAGE LOANS

We provide financing for Purchase of Land; Construction of Homes; Purchase of developed Property; Renovations; or simply to Consolidate Debts.

GENERAL REQUIREMENTSMORTGAGE CALCULATOR

The following are the requirements for Commercial and Mortgage Loans:

Application form duly filled out.
Proof of Identification - Two (2) pieces of valid ID.
- Driver’s License
- Passport
- National ID card
Proof of Address - Utility Bill, Driver’s License or Bank Statement
Proof of Income:
- Salary Slip & Job Letter; not more than 3 months old for new customers; not more than 1 year old for existing customers.
- Self-employed ?- Submit evidence to support your income. For example, 3 years financial statements; personal income tax returns for the last 3 years; rental income - copy of lease arrangements.
Approved Plans of Building (Residential/ Commercial Construction). Approval must not be more than 2 years old.
Survey Plan of site.
Copy of Deed.
Sale agreement/Offer Letter (if applicable)
Valuation (Land/Land & Structure).
Estimated cost of construction - Residential and Commercial (if applicable)
Legal Fees and charges with source clearly identified.
Builder’s Contract (Residential/ Commercial Construction).
Printout of existing debts, obligations or Invoices (Consolidation).
Statutory compliance documents (Tax Certificates/Tax Returns).
Business Plan and 3 prior years’ Financial Statements (Commercial Loans)
Credit report or Credit transactions history if available
Minimum Permanent Shares ($1,000.00)
An assignment of life insurance policy (Group Life or any other appropriate life insurance, term life etc.) for an amount not less than the sum being borrowed.
For Corporate accounts, the following are prerequisites:
- Certificate of Incorporation,
- Certificate of Registration,
- by-Laws or Memorandum and Articles of Association,
- List of Officers and Directors,
- Certificate of Status (annual requirement) completion of the Association's mandate
- Completion of the Association’s mandates
Please note that each officer and signatory to the corporate account must provide personal documentation similar to what is required for the personal account e.g: ID and proof of address.

CONSUMER LOANS

Our loans can be accessed for a variety of purposes which include:
Medical, Education, Vehicle purchase, Debt Consolidation and Personal Expenses.

GENERAL REQUIREMENTS

The following are the requirements for Consumer Loans:

Proof of Identification (Two (2) pieces of valid ID: Driver’s License; Passport and National ID)
Proof of Address (Utility Bill, Driver’s License, Bank Statement)
Proof of Income evidenced by Salary Slip and Job Letter (documents to be not more than 3 months old for new customers and not more than 1-year-old for existing customers). If Self-employed, 3 years’ Financial Statements; Personal Income Tax Returns for the last 3 years. In the case of Rental Income – copies of Lease Arrangements.
Letter and Quotation re: Medical and Education Loans
Current Valuation, Certificate of Registration and Offer Letter or Invoice for Vehicle purchase
Printout of existing debts/obligations re: Debt Consolidation
Be a member of the Association i.e. Permanent Shares in the Association, a minimum of 25 (value $250)

Loans Services

COMMERCIAL AND MORTGAGE LOANS

Loan Application Form

CONSUMER LOANS

View Loan Application Form

Loan Application Form