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THOP Loan Facility

Facility Offered

  • Purchase of Land
  • Purchase of House and Land
  • Construction of House

Value of Facility

  • Up to $650,000.00.

QUALIFICATIONS

  • Permanent employment with T&TEC, Powergen, Trinity Power and eligible for EHOP through Republic Bank.
  • Member of TATECO with regular savings for at least one (1) year.
  • Capacity to service the facility
  • Share Capital must be at least 10% of value requested but not less than $25,000.

CONDITIONS

  • Proper title of property
  • A first freehold mortgage in favour of TATECO.
  • Life term Insurance in the amount of sum borrowed.
  • Up to date receipts for WASA and other Statutory bodies.
  • Satisfactory Credit report.

DOCUMENTATION

  • Letter from Employer
  • Payslip

LAND ONLY

  • Copy of Agreement sale
  • Copy of Land Deed or Copy of Memorandum of mortgage and Certificate of Title
  • Current land and building tax receipt
  • Current WASA clearance certificate
  • Valuation report (not less than (6) months
  • Completion Certificate
  • Insurance Policies ( as per Conditions(4) and (5)

CONSTRUCTION

  • Approved plans
  • Builders estimate
  • Copy of land Deed
  • Current WASA Clearance Certificate
  • Town and Country approvals
  • Insurance policies
  • Loan Application form
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