Personal Finance Requirements

Vehicle Loans- Personal (Required documents)

• Recent Job Letter
• Two Months Pay Slips (Monthly = 2; Bi-Mthly = 4 & Weekly =8)
• Two Forms of Valid  Barbados ID (Barbados Identification Card, Passport or Driver's License)
  • Valid Driver's License
• Proof of Home Address (No older than 3 mths & must be either a Bank Statement, Credit Card Statement or Utility Bill in the person's name)
• Statements for all Saving Accounts held under their name with the Bank/Credit Union
• Statements for all outstanding Liabilities - (HP A/C, Loans, Credit Cards)
• Pro-Forma Invoice (If New Vehicle)
• Letter of Sale (If used)
• Valuation of Vehicle (If Used)

Personal Loan (Required documents)

• Recent Job Letter
• Two Months Pay Slips (Monthly = 2; Bi-Mthly = 4 & Weekly =8) 
• Two Forms of Valid  Barbados ID (Barbados Identification Card, Passport or Driver's License)
• Proof of Home Address (No older than 3 mths & must be either a Bank Statement, Credit Card Statement or Utility Bill in the person's name)
• Statements for all Saving Accounts held under their name with the Bank/Credit Union 
• Statements for all outstanding Liabilities - (HP A/C, Loans, Credit Cards)
• Statements or Letters from Creditors of Bills to be cleared (if Debt Consolidation)
• Quote for purchase or repairs (Alternative Energy, Car Repairs, Home Repairs)
• Proof of what proceeds of loan is being used for (Travel, Education, Back to School Expenses & Personal Expenses)
• The employer must be willing to do salary deductions (unsecured only)

Accepted Security

• Cash held on fixed deposit with SigniaGlobe    
• Cash surrender value on life insurance (i.e. Sagicor)
• Property or a motor vehicle (with or without any outstanding loans)
• Mutual Funds
• Shares on the Barbados Stock Exchange 

Mortgages (Required documents)

• Recent Job Letter
• Two Months Pay Slips (Monthly = 2; Bi-Mthly = 4 & Weekly =8)
• Two Forms of Valid  Barbados ID (Barbados Identification Card, Passport or Driver's License)
• Proof of Home Address (No older than 3 mths & must be either a Bank Statement, Credit Card Statement or Utility Bill in the person's name)
• Statements for all Saving Accounts held under their name with the Bank/Credit Union
• Statements for all outstanding Liabilities - (HP A/C, Loans, Credit Cards)
• Letter of Sale/Purchase Agreement of Property to Purchase
• Valuation of Property to Purchase
• Land Tax Valuation & Receipt for Payment (If using Property as Security for Loan)
• Land Tax Clearance Certificate (If using Property as Security for Loan)
• Recent Water Bill (If using Property as Security for Loan)
• Title Documents (If using Property as Security for Loan)

Personal Loan (Required documents)

• Certificate of Registration of Business Name
• Registration Application Approved by CAIPO
• Bank Statements for the Past Year
• Proof of Home Address all Registrants (No older than 3 mths & must be either a Bank Statement, Credit Card Statement or Utility Bill in the person's name)
• Two Forms of Valid Barbados ID (Barbados Identification Card, Passport or Driver's License)
• Statements or Letters from Creditors of Bills to be cleared (if Debt Consolidation)
• Quote for purchase or repairs (Alternative Energy, Car Repairs, Home Repairs)
• Proof of what proceeds of loan is being used for (Business Investment, Travel, Education, or Personal Expenses)

Accepted Security

• Cash held on fixed deposit with SigniaGlobe
• Cash surrender value on life insurance (i.e. Sagicor)
• Property or a motor vehicle (with or without any outstanding loans)
• Mutual Funds
• Shares on the Barbados Stock Exchange

Vehicle Loan (Required documents)

• Certificate of Registration of Business Name
• Registration Application Approved by CAIPO
• Bank Statements for the Past Year
• Proof of Home Address all Registrants (No older than 3 mths & must be either a Bank Statement, Credit Card Statement or Utility Bill in the person's name)
• Two Forms of Valid Barbados ID (Barbados Identification Card, Passport or Driver's License)
  • Valid Driver's License
• Pro-Forma Invoice (If New Vehicle)
• Letter of Sale (If used)
• Valuation of Vehicle (If Used)

Mortage Loan (Required documents)

• Certificate of Registration of Business Name
• Registration Application Approved by CAIPO
• Bank Statements for the Past Year
• Proof of Home Address all Registrants (No older than 3 mths & must be either a Bank Statement, Credit Card Statement or Utility Bill in the person's name)
• Two Forms of Valid Barbados ID (Barbados Identification Card, Passport or Driver's License)
• Letter of Sale/Purchase Agreement of Property to Purchase
• Valuation of Property to be Purchased
• Land Tax Valuation & Receipt for Pymt (If using Property as Security for Loan)
• Land Tax Clearance Certificate (If using Property as Security for Loan)
• Recent Water Bill (If using Property as Security for Loan)
• Title Documents (If using Property as Security for Loan)