• Opening Hours

    Monday - Thursday 8am - 3pm

    Friday 8am - 4pm

    NB St. Paul Branch : Thursday Closed, Saturday 9am - 1pm

Home Repair Loans

"Renovating not only restores the house, but restores the story of the home and the neighborhood." - Unknown

BENEFITS

Save Money
  • Interest rate of 11% per annum on the reducing balance
  • No loan processing fees
Peace of Mind
  • 100% financing
Flexible
  • Up to fifteen (15) years to repay
  • Funds are disbursed when payments are due
Safe
  • Up to $150,000 in loan protection coverage at no cost to you

REQUIREMENTS

  • A minimum of 5% of the total amount of the loan requested.
  • Detailed cost estimates (estimates of quantities)
  • Shares based on the amount of loan
  • For an extension to your house: Division of Planning approval and approved plans
  • Employed persons — most recent pay-slip or salary statement from your employer
  • Self-employed persons — recent financial statements of business
  • Current market valuation of property and the Certificate of Title, or copy, if not lodged with NCCU
  • Your NCCU passbook(s)
  • A valid photo identification (eg. Social Security card or passport or driver’s licence)
  • Details of your liabilities and commitments (other loans, hire purchase, household expenses)
  • If the approved loan is $77,000 and upwards or you are 50 years and older, a medical examination by an approved medical doctor is necessary for loan protection coverage