Personal / Borrowing / Mortgage Loans

Mortgage Loans

If you thought owning your own home was difficult to achieve, Co-op Bank can help you realize this goal very easily. We can also assist with that home extension or renovation you've been planning to better accommodate your changing needs or growing family.

Benefits of a Mortgage Loan

  • Affordable interest rates
  • Borrow for building, purchasing or renovating
  • Knowledgeable staff to assist you every step of the way from application to approval
  • Easy repayment terms

Requirements for Mortgage Loans

Personal Information Required

Valid photo identification

For nationals (Grenadian citizens), non-nationals with permanent residence status, nationals (Grenadian citizens) residing overseas – one (1) piece; non-nationals – two (2) pieces

  • National Insurance Scheme (NIS) Card
  • Passport
  • Driver’s license
  • Voter’s identification card
  • National identification card
  • Any state approved identification with a photo and date of birth
Employment letter Most recent payslip Salary assignment Current bank statement (deposit & loan accounts if any) Statement of outstanding debts
Title of Deed of Land (copy/original) Surveyor’s Plan Property Valuation Up-to-date Land/Property Tax receipt Sale Agreement
Detailed estimated cost of building Approved building plan by Land Development Authority Scope of contractor’s work Contract with the builder (where applicable) Life Insurance to cover total loan value All Peril Insurance to cover the market value of the building(s) (during and after construction)
Valuation of the property Sale agreement Life Insurance to cover total loan value All Peril Insurance to cover the market value of the building(s) (during and after construction)

For overseas applicants

If you reside overseas, you need to provide the documents below in addition to the standard required documents listed. Note, all signatures affixed to application forms or signature cards and copies of identification must be notarized by a Notary Public.

  • Tax returns for the last two years
  • Most recent payslips (at least four)
  • Recent Credit Report from Credit Bureau
  • Statement of outstanding debts locally and abroad

Ready to apply?

Visit us to start your application process. If you'd rather talk to someone, call us on 473-440-2111

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