Solar Loans

COK Solar Energy Bundle Loan Checklist

•  Interest Rate– 15%, Fees-3% of loan amount and Tenure– Up to 72 months
• Must be a COK Sodality member
• If Employed:
• Job Letter stating salary, position, length of employment; plus last two months pay slips
• Tax Registration Number (TRN) Card
• Valid ID (Driver’s Licence, Voter’s ID, Passport or COK ID);
• One (1) Passport sized photograph
• If Self-Employed:
• Financial statements prepared by a Certified Chartered Accountant & stamped ( self-employed applicant)
  • Income & Expenditure Statement /Balance sheet
  • Cash Flow Statement and Cash Flow projections (for at least three years)
• Credit reference ( where applicable)
• Print out of savings/current account transactions for at least 12 months OR updated bank book
• CompletedApplicationFormswithcontactinformationoftworelatives&tworeferences(non-related)
• Recent utility or any other bill in member’s name with current address (Proof of Address)
• Qualifying shares – 10% of loan amount
• Proof of purpose – supporting invoices to purchase energy efficient products.

*CONDITIONS APPLY

WEBSITE: www.cokcu.com || EMAIL: [email protected] Telephone: 1-876-960-4226)

Montego Bay: Shops 6 & 7 Sunshine Plaza, 2 Church Street .

Mandeville:    Shops 4, 6 & 8, First Floor, Caledonia Mall, 3 1/2 Caledonia Road,

PORTMORE: Shop #3 McMaster Centre, Portmore, St. Catherine

CROSS ROADS: 70 Slipe Road, Kingston 5.

HALF WAY TREE: Units 9 & 10, Winchester Business Centre, 15 Hope Rd., Kingston 10.

COK Solar Panel Loan Checklist
(Using Real Estate as security)

• Interest Rate– 7.45%, Fees-4.5% of loan amount and Tenure– Up to 180 months
• Must be a COK Sodality member
• Job Letter stating salary, position, length of employment; plus last two months pay slips
• Tax Registration Number (TRN) Card
•  Valid ID (Driver’s Licence, Voter’s ID, Passport, COK ID)
• One (1) Passport sized photograph
• FinancialspreparedbyaCertifiedCharteredAccountant&stamped(self-employedapplicant)
  • Income & Expenditure Statement
  • Balance Sheet
  • Cash Flow Statement and Cash Flow projections (for at least three years)
• Credit reference ( where applicable)
• Print out of savings/current account transactions for at least 12 months OR updated bank book
• Completed Application Forms with contact information of two relatives & two references (non-related)
• Completed Application Form with contact information of two relatives & two references (non-related)
• Completed Expense form and Statement of Affairs (to be provided by COK)
• Recent utility or any other bill in member’s name with current address (Proof of Address)
• Qualifying shares – 5% of loan amount.
• Proofofpurpose-supportinginvoicesforstatedpurposeofloan.
• Assignment of life insurance policy (if required)
• Current Valuation (done in the last year) by one of our Approved Valuators (Refer to attached listing of
• approved valuators). All properties will be inspected by a COK staff member .
• Surveyors Identification report
• Property must be insured (not applicable if it’s land only)
• Submissionofupdatedpropertytaxesandwaterbill
• 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 12 months OR updated bank book (if required) 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)

 

***CONDITIONS APPLY

WEBSITE: www.cokcu.com || EMAIL: [email protected] Telephone: 1-876-960-4226)

Montego Bay: Shops 6 & 7 Sunshine Plaza, 2 Church Street.

Mandeville:    Shops 4, 6 & 8, First Floor, Caledonia Mall, 3 1/2 Caledonia Road.

PORTMORE: Shop #3 McMaster Centre, Portmore, St. Catherine.

CROSSROADS: 70 Slipe Road, Kingston 5.

HALF WAY TREE: Units 9 & 10, Winchester Business Centre, 15 Hope Rd., Kingston 10.

COK Solar Panel Loan Checklist

(Solar System being used as Collateral)

• Interest Rate- 10%, Fees-3% of loan amount, Tenure- Up to 120 months
• Must be a COK Sodality member
• If Employed:
  • 1. Job Letter stating salary, position, length of employment; plus, last two months pay slips
  • 2. Print out of savings/current account transactions for at least 6 months OR updated bank book
• If Self Employed:
  • 1. Financials prepared by a Certified Chartered Accountant & stamped this must include Income & Expenditure Statement for last 2 years, Balance Sheet, Cash Flow Statement and Cash Flow projections for at least three years.
  • 2. Print out of savings/current account transactions for at least 12 months OR updated Bank Book.
• Credit Reference (where applicable)
• Tax Registration Number (TRN) Card
• Valid ID (Driver’s Licence, Voter’s ID, Passport, COK ID)
• One (1) Passport sized photograph
• Recent utility or any other bill in member’s name with current address (Proof of Address)
• Qualifying shares – 5% of loan amount.
• Proofofpurpose-supportinginvoicesforstatedpurposeofloan.
• Assignment of life insurance policy (if required)
• AllPanelsshouldbepurchasedfrom COK’s Solar Panel Providers and same will  be inspected by a COK Representative.
• Solar Panels must be insured (Insurance provided by Marathon Insurance Brokers)

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 12 months OR updated bank book (if required) 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)

    SOLAR PANEL PROVIDERS

Organization	Contact Persons	Address	Contact Information
ConserveIT	Claudia Russell- Placencia	12 Truman Avenue, Kingston 10	876-997-7159 [email protected]
Solar Buzz	Jason Robinson	6 Haining Road, Kingston 5	876-875-9542 [email protected]
Zoom Solar	Mr Currey		[email protected]
Carisol	Mr Milton	38 Cassia Park Road, Kingston 10	[email protected]
Super Nova Energy	Whylie Jervis	101 Harbour Drive, Kingston 17	876-978-1396 or 876-335-3125 [email protected]
Saddle Energy	Zahra Ennis	19 Wellington Drive, Kingston 6	876-774-9396 [email protected]

 

INSURANCE PREMIUM FINANCING LOAN CHECKLIST

The Credit Union also provides an Insurance Premium Financing loan facility that can assist you with the cost associated with your annual insurance.

Required Documents:

o If Employed:

1. Job Letter stating salary, position, length of employment; plus, last two months pay slips
2. Print out of savings/current account transactions for at least 6 months OR updated bank book

o If Self Employed:

3. Financials prepared by a Certified Chartered Accountant & stamped this must include Income & Expenditure Statement for last 2 years, Balance Sheet, Cash Flow              Statement and Cash Flow projections for at least three years.

4. Print out of savings/current account transactions for at least 11 months OR updated Bank Book.

o Credit reference

o Tax Registration Number (TRN) Card

o Valid ID (Driver’s License, Voter’s ID, COK ID) and One Passport size photograph

o Recent utility or any other bill in member’s name with current address (Proof of Address)

 

TERM AND INTEREST RATE STRUCTURE

% Financing of the Premium	Term	Interest Rate
95%	Up to 10 months	15%

 

***CONDITIONS APPLY

WEBSITE: www.cokcu.com || EMAIL: [email protected] Telephone: 1-876-960-4226)

Montego Bay: Shops 6 & 7 Sunshine Plaza, 2 Church Street .

Mandeville:    Shops 4, 6 & 8, First Floor, Caledonia Mall, 3 1/2 Caledonia Road,

PORTMORE: Shop #3 McMaster Centre, Portmore, St. Catherine

CROSS ROADS: 70 Slipe Road, Kingston 5.

HALF WAY TREE: Units 9 & 10, Winchester Business Centre, 15 Hope Rd., Kingston 10.

COK Solar Panel Loan Checklist

(DBJ/ CEF 80% Guarantee)

• Interest Rate– 10%, Fees-3% of loan amount and Tenure– Up to 120 months
• Must be a COK Sodality member
• If Employed
• Job Letter stating salary, position, length of employment; plus last two months pay slips
• Tax Registration Number(TRN) Card
•  Valid ID (Driver’s Licence, Voter’s ID, Passport, COK ID)
• One (1) Passport sized photograph
• IfSelf-Employed
• FinancialspreparedbyaCertifiedCharteredAccountant&stamped(self-employedapplicant)
  • Income & Expenditure Statement
  • Balance Sheet
  • Cash Flow Statement and Cash Flow projections (for at least three years)
• Credit reference ( where applicable)
• Print out of savings/current account transactions for at least 12 months OR updated bank book
• Completed Application Forms with contact information of two relatives & two references (non-related)
• Completed Application Form with contact information of two relatives & two references (non-related)
• Completed Expense form and Statement of Affairs (to be provided by COK)
• Recent utility or any other bill in member’s name with current address (Proof of Address)
• Proofofpurpose-supportinginvoicesforstatedpurposeofloan.
• Assignment of life insurance policy (if required)
• 80% DBJ/CEF Guarantee and 20% Share Requirement

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 12 months OR updated bank book (if required) 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)

***CONDITIONS APPLY

WEBSITE: www.cokcu.com || EMAIL: [email protected] Telephone: 1-876-960-4226)

Montego Bay: Shops 6 & 7 Sunshine Plaza, 2 Church Street .

Mandeville:    Shops 4, 6 & 8, First Floor, Caledonia Mall, 3 1/2 Caledonia Road,

PORTMORE: Shop #3 McMaster Centre, Portmore, St. Catherine

CROSS ROADS: 70 Slipe Road, Kingston 5.

HALF WAY TREE: Units 9 & 10, Winchester Business Centre, 15 Hope Rd., Kingston 10.