How to be sure when borrowing

How to be sure when borrowing

Don’t be fooled by low interest rates or quick turn around times!   When borrowing: BE...

Need Help with debt?

Need Help with debt?

If you have multiple loans and are faced with two or more loan payments per month you may find...

Notice of Meeting

Notice of Meeting

St. Lucia Teachers' Credit Co-operative Ltd. Notice of Meeting Notice is hereby given that the...

Online Banking - Advisory

Online Banking - Advisory

Dear Valued member,   Regrettably we wish to advise that the resumption of our Online Service ...

  • How to be sure when borrowing

    How to be sure when borrowing

    Wednesday, 17 February 2016 20:49
  • Need Help with debt?

    Need Help with debt?

    Wednesday, 17 February 2016 20:49
  • Notice of Meeting

    Notice of Meeting

    Thursday, 19 October 2017 19:14
  • Online Banking - Advisory

    Online Banking - Advisory

    Friday, 08 June 2018 20:48

Christmas Loans For A Merry Christmas... Click Here to learn more.

Family Indemity Plan

 

FIP is a group life insurance that provides a level cash benefit in the event of death of an Insured Person. It is designed to cover the funeral expense of credit union members and their... Read More

Loans

Applying for a loan

An appointment must be made in advance unless loan is fully secured by shares. At the interview, member should provide...

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Membership

Who Can Join

The SLTCC serves persons working in teaching and teaching related institutions, and their family. Therefore, all teachers be it in government or private schools... Read More

Don’t be fooled by low interest rates or quick turn around times!

 

When borrowing: BE SURE that the interest rate being offered on the loan is fixed on not variable. This means that it cannot change over time. BE SURE that your interest is calculated on the reducing balance.

This means that your monthly repayment gets lower as you go along. BE SURE to check out all the fees you have to pay to get this loan. BE SURE to know what the penalties are for late or non payment of loans. BE SURE to find out if your loan is insured. This means if you die or become permanently disabled, you loan does not become the burden of your family members.

 

DID YOU KNOW…..? That at the St Lucia Teachers’ Credit Union Ltd, fees for loans are often non existent! That your loans at the St Lucia Teachers’ Credit Union are insured and if you become permanently disabled or die, your debt is cancelled!

 

Talk to a representative today and let us help you to BORROW SMART!!