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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

Election of Officers





The Nominating Committee of the Barbados Teachers' Co-operative Credit Union Limited invites nominations of persons to serve on the Board of Directors, Credit & Supervisory Committees to be elected at the Annual General Meeting scheduled for Saturday, June 22, 2019.


Nomination and Consent Forms are available at the Credit Union’s Office.


Completed Forms, along with Fit & Proper Questionnaire, Police Certificate of Character and other relevant documents must be submitted NO LATER THAN APRIL 19, 2019.


Nominations will not be accepted from the floor at the Annual General Meeting.


Anthony Alleyne




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