You can benefit from a wide range of loans from the Credit Union - our aim is to improve your quality of life. 
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Loans PDF Print

We offer a wide range of loans for various purposes. Our terms are very favourable as can be seen below:  

Ratio 10:1      
Interest Rate Range: 4 % - 15%
Maximum Amount Disbursed Range: $2,000.00 - $450,000.00
Maximum Repayment Time Range: 1 year - 30 years 

Our range of loans are as follows:

  • Agriculture/ Business Loan
  • Alimony
  • Loans for Household Items
  • Christmas Loan
  • Debt Consolidation
  • Educational
  • Medical Expenses
  • House Repairs & Home Improvement
  • Loans to Purchase Land
  • Building Construction
  • Residential Mortgages
  • New Vehicle
  • Second-hand Vehicles Over Four (4) Years Old to Six (6) Years Old
  • Second-hand Vehicles Over Six (6) Years Old
  • Car Repairs
  • Car Insurance
  • Travel Loan
  • Wedding Expenses
  • Funeral Expenses
  • Loans to Purchase Computers/Computer Systems & Peripherals
  • Legal Fees
  • personal Effects
  • Line of Credit
  • Loans for CCCU Conventions
  • Special Loan Facility
  • School Supplies
  • Investment Loan


Please contact us if you are interested in a loan.


Did You Know?

A person is eligible to apply for a loan at a Ratio of 3:1, after being accepted as a member.

After One Month of membership, the ratio moves to 5:1

After Two Months of membership, the ratio moves to 8:1 

After Three Months of membership, the ratio moves to 10:1

Please Note that the member must make a contribution to Shares every month, even though her/she might be repaying a loan.


1.) All loan applicants must be bonafide members of the Credit Union.

2.) All new members must complete a minimum time requirement of membership, with the Credit Union to qualify for a loan in excess of their Savings unless approved by the Board under special circumstances.

3.) A member who has been required to clear arrears resulting from delinquency must observe a waiting period of three months after completion of such payment before a new loan may be approved for that member.

4.) A loan shall not be granted to a still member (that is, a member who is not making  contributions to shares) over and above his/her share value, unless that member makes contributions to shares for the last three(3) consecutive months. (By-Law 79)


Recent News

BTCCUL launches it's website
The Barbados Teachers' Co-operative Credit Union launched its website with the aim of better serving its member.  A team of BTCCUL officers have been trained to maintain the site. The site was developed by Future Shock Inc.


What additional services should we offer?
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