Loan Check List!

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
  • 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

Mortgage Loans

 
Land Only
Construct House
Existing House & Land

0% - 20% Share Deposit
(4 months prior to application)

X

X

X

Vendor?s Letter

X

 

X

Deed of Sale

X

X

X

Survey Plan

X

X

X

Land register

X

X

X

House Plan

 

X

 

DCA Approval

 

X

X

Estimate / Re Plan

 

X

X

Valuation

X

 

X

Life Insurance

 

X

X

House Insurance

 

X

X

Salary Slip

X

X

X

Other Terms and Conditions may apply

X

X

X