Have you found your dream house?
Let us help you to make that purchase a reality with Loan for Home

  • Mortgages
    • Competitive interest rates
    • Maximum financing 90% of the selling price or market value whichever is less
    • Maximum loan – $25M
    • Maximum tenure – 25 years or to age 65 whichever is less
  • Mortgage Refinance
  • House Deposit
  • Home Equity
  • Home Improvement

*Conditions apply


HOME EQUITY & HOME MORTGAGE CHECKLIST*

  • Job Letter stating salary, position, length of employment; plus last two months pay slips
  • Print out of savings/current account transactions for at least 6 months OR updated bank book (if required)
  • IF SELF-EMPLOYED: Financials prepared by a Certified Chartered Accountant & stamped
    • Income & Expenditure Statement
    • Balance Sheet
    • Cash Flow Statement and Cash Flow projections (for at least three years)
    • Credit reference
    • Print out of savings/current account transactions for at least 12 months OR updated bankbook
  • Tax Registration Number (TRN) Card and Valid ID (Driver’s Licence, Voter’s ID, COK ID)
  • Passport size photograph
  • Completed Application Form with contact information of two relatives & two references (non-related)
  • Recent utility or any other bill in member’s name with current address (Proof of Address)
  • Assignment of life insurance policy (if required)
  • Signed Sales Agreement (where applicable); OR other documentary evidence supporting purpose of loan
  • Current Valuation (done in the last year) by one of our Approved Valuators (Refer to attached listing ofapproved valuators). All properties will be inspected by a COK staff member (applicable if property isbeing used as collateral).
  • Surveyors Identification report
  • Property must be insured (not applicable if it’s land only)
  • Copy of property title**
  • Mortgage Statement (by first mortgage holder where a mortgage exists)**Guarantor (if applicable)
  • Job Letter stating salary, position, length of employment; plus last two months pay slips
  • Print out of savings/current account transactions for at least 6 months OR updated bank book (if required)
  • IF SELF-EMPLOYED: Financials prepared by a Certified Chartered Accountant & stamped
    • Income & Expenditure Statement
    • Balance Sheet
    • Cash Flow Statement and Cash Flow projections (for at least three years)
    • Credit reference
    • Print out of savings/current account transactions for at least 12 months OR updated bankbook
    • Tax Registration Number (TRN) Card and Valid ID (Driver’s Licence, Voter’s ID, COK ID)
    • Passport size photograph
    • Signed guarantor form witnessed by a Justice of the Peace
    • Recent utility or any other bill in guarantor’s name with current address
    • (Proof of Address)
    • Maximum Financing Home Equity
    • 70 % – Properties valued over $40M
    • 80% – Properties valued up to $40M
    • 60% – Land only ( improved i.e. water, electricity, access to roads etc)
    • Mortgage – 90% of selling price or MV whichever is less

*CONDITIONS APPLY

  • Caribbean Loss Adjustors;
  • Management Security Consultants;
  • Automobile Valuators & Consultants;
  • Auto Assessors Ltd.,
  • Advance Insurance Adjusters,
  • Orion Loss Adjusters,
  • MVA Motors Consultants Ltd.