Mortgage Loans Loan Forms

Student Loans

• 20% Share Deposit (4 months prior to application)
• Acceptance Letter from Instutition (duration of study)
• Cost Breakdown (including tuition and related expenses)
• Duration of Study and amounts needed for each year should be provided
• Letter from Member stating income (if any) during study period
• Other Terms and Conditions may apply

If someone other than the Member will be repaying the loan or the interest on the loan, this person should present:

• A Letter clearly stating the Intention
• The qualifying Share Deposit OR
• Other Property as Security
  • Valuation of said Property
  • Updated Land Register (dated month of application)
  • Copy of Deed
  • NIS / Tax Letter (property and personal)
  • Salary Slip
  • Other Terms and Conditions may apply

   

  Vehicle Loans

   

  Used Vehicles

  • 10% -50% Share Deposit (4 months prior to application)
  • Vendor’s Letter - Full description of vehicle and clearly stated Intention to Sell
  • Vendor’s Certificate - Insurance Certificate
  • Evaluation from a Government Authorised Garage
  • Comprehensive Insurance quotation
  • Copy of Route Permit (if purchasing a Mini Bus for the purpose of operating a route)
  • Salary Slip OR Properly outlined Income Statement
  • Other Terms and Conditions may apply

   

  New Vehicles

  • 5% -20% Share Deposit (4 months prior to application)
  • Open Bill from Vendor
  • Comprehensive Insurance quotation
  • Copy of Route Permit (if purchasing a Mini Bus for the purpose of operating a Route)
  • Salary Slip OR Properly outlined Income Statement
  • Other Terms and Conditions may apply

© 2005 SLCSCCU