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Products and Services
Loans

MAX LOANS

Choosing from our suite of MAX Loans to benefit from:

-       Flexible repayment terms

-       No frustrating fees

-       Free life insurance coverage on loan balances

Remember:

You must be an active member to enjoy the benefits!

External credit checks will be done so please ensure accurate/complete information is always provided!

All our loan options require the following basics:

Recent payslip,

Job letter (if first time borrower or change of employer)

Form of ID (if not already scanned onto our database)

Utility bill (WASA, TTEC, Telephone Land Line bill, Cable not more than 3 months old)

Documentation regarding purpose of loan

MAX 150

Get up to 3 times your shares* for any of the following purpose including:

Business Funding                   Consumer Durables                            Debt consolidation     

Educational Expenses            Home Improvement                             Investment Financing

Medical Expenses                                                                               Purchase a Motor Vehicle                  

Purchase of furniture/appliances                                                      Vacation Expenses

 

*Up to a limit of $50,000 in share savings

MAX Auto

Get up to 100% financing for that New or Foreign Used Vehicle you have been saving up for!

We can even throw in the full comprehensive insurance premium!

Apart from the basics you will also need:

An invoice from seller

Quotation from full comprehensive insurance provider

Valuation report (unless a showroom new vehicle)

A Certified Copy of Ownership not more than 6 months old (can also be provided after approval is granted).

AGE OF VEHICLE

LOAN REPAYMENT PERIOD

New Vehicles – Private (registered P only)

Up to 84 months

New Vehicles - Commercial (registered T, H, or R)

Up to 60 months

All Used Private Vehicles - age since manufacture not exceeding 4 years

Up to 60 months

All Used Private Vehicles – age since manufacture over 4 years and up to 6 years

Up to 60 months

All Used Commercial – age since manufacture not exceeding 5 years

Up to 48 months

 

MAX Home

Everyone needs a home! ...but not everyone can meet the stringent criteria of the mortgage market. Maximize your chances of home acquisition with us!

Apply for a mortgage loan today to:

· Purchase a home or investment property                

· Purchase residential or agricultural land

· Construct your home on land you already own

Or use the equity in the property you own for H.E.L.P. (Home Equity Loan with a Purpose)

 Is it time to consolidate those debts?

Are you finally ready to invest in that business idea?

Is your home overdue for a major facelift?

Has a loved one’s medical expenses become too much to bear alone?

Then… Let RHAND H.E.L.P you

Apart from the basics you will also need

· Copy of Mortgage Deed or Title Deed to the property/Certificate of Title

· Valuation Report (should not be more than six months old) must be prepared by a recognized Valuator

· WASA Clearance Certificate

· Copies of applicable up-to-date receipts for land and building taxes, lease rent, water rates and maintenance fees

· Full Comprehensive Homeowner’s Fire Insurance

Land Loans:

Cadastral Sheet Approved by Town & Country

Home Construction & Renovations Loans :

Approved Building Plans

Detailed Builder’s Estimate

Contractor’s All Risk Insurance

Quantity Surveyor’s Report


MOTOR VEHICLE VALUATORS

Cariclaims Investigators and Adjusters Ltd

(868) 625-9080

General Adjusters Limited

(868) 652-5310

Diamond Motors (Tobago)

(868) 639-2277

Jones Motors (Tobago)

 (868) 639-5511

Pioneer Insurance Claims Services Co Ltd

(868) 622-2354

Expert Auto Appraisals                      

(868) 344-4225


REAL ESTATE VALUATORS

Boland Sookoo and Associates          

(868) 770-0523/667-5123/667-4922

Brent Augustus and Associates

(868) 624-7128

Linden Scott and Associates Ltd

(868) 622-1149

Edmund Alexander

(868) 799-7198

G.A. Farrell and Associates Ltd (Trinidad or Tobago)

(868) 624-8628/624-6629

Tobago (868)639-3077

Mervyn C. Thompson

(868) 737-8794

 

Raymond and Pierre (Trinidad or Tobago)                 
(868) 623-4945/225-4239

 



Loans are currently accessible to members at attractive interest rates on the reducing monthly balance. Loans are provided for any area of interest including: 

Business Funding
Mortgage Loans
Motor Vehicle Loans
Personal Loans
which include:
Educational Expenses
Consumer Durables
Vacation Expenses
Investment Financing
Insurance Premium Financing
Purchase of furniture, fittings and equipment

Eligibility is determined by a combination of: Capital (share balance) Collateral available, Character, Capacity to repay
 

 
     
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