Loan Products
TCCU offers flexible, affordable loans to fit your goals – whether you’re building a home, buying a car, growing your farm, or covering personal expenses. With competitive rates and fast approvals, we make borrowing simple and stress-free. Apply today and move forward with confidence.
Auto Loan
Drive Your Dream with a TCCU Auto Loan
Whether you’re buying new or used, TCCU makes vehicle ownership easy. Enjoy fast approvals, up to 100% financing, competitive interest rates, and flexible repayment terms. We’ll even help with insurance coordination and pre-approval.
What You Can Use It For
Purchase of new or used private vehicles
Vehicle upgrades or replacements
Refinancing an existing auto loan from another lender
Purchase of certified pre-owned vehicles from reputable dealers
Loan Features
Financing: Up to 100% of vehicle value (conditions apply)
Loan Terms
Up to 8 years for new vehicles
Up to 5 years for used vehicles
Interest Rate
Competitive and based on loan term and applicant’s credit history
Repayment
Monthly, with automatic payment option available
Pre-Approval
Available within 24–48 hours
Insurance Support
Assistance with motor insurance quotations and coordination
Required Documents
These required documents below vary depending on the purpose of the mortgage.
Government-issued ID (National ID, Passport, or Driver’s Licence)
TRN (Tax Registration Number)
Proof of Address (utility bill, bank statement, or JP letter)
Job Letter and 3 months recent payslips
Proforma Invoice from the car dealer or seller
Vehicle Valuation Report (for used vehicles)
Proof of Insurance or insurance quotation
Statement of Purpose (optional)
Security/Collateral
The vehicle purchased serves as the loan collateral
Comprehensive motor vehicle insurance is required for the life of the loan
Why Choose TCCU
Fast-track approvals and quick processing
Up to 100% financing available
Pre-approval assistance to help you shop confidently
Trusted partnerships with licensed dealers and insurance providers
A team that cares about getting you on the road affordably and safely
TCCU Loan Products Comparison Table
|
Loan Type
|
Collateral Required
|
Typical Use Cases
|
Loan Amount
|
Interest Rate
|
Repayment Term
|
Key Benefits
|
|---|---|---|---|---|---|---|
|
Unsecured Loan
|
No
|
School fees, home repairs, medical bills, personal expenses
|
$30,000 – $1,000,000
|
Competitiv e fixed rate
|
Up to 3 years
|
No collateral required, fast approval, flexible repayment terms
|
|
Cash Secured Loan
|
Yes (TCCU savings or fixed deposit)
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Any purpose while preserving your savings
|
Up to 100% of savings value
|
Lower than unsecured loan rate
|
Up to 5 years
|
Funds remain in your savings, lower interest, same-day processing
|
|
Mortgage Loan
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Yes (Property being financed)
|
Home purchase, land acquisition, home construction
|
Based on property value
|
Competitiv e long-term rates
|
Up to 25 years
|
Long repayment term, construction stage disbursement, personalized guidance
|
|
Auto Loan
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Yes (Vehicle as collateral)
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New or used vehicle purchase
|
Based on vehicle invoice
|
Competitive
|
5 years (used), 8 years (new)
|
Up to 100% financing, preapproval, insurance assistance
|
|
Unsecured Farmers Loan
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No
|
Seeds, fertilizers, labour, short-term farm expenses
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$30,000 – $500,000
|
Affordable unsecured rate
|
Up to 3 years
|
No collateral required, fast access to funding, designed for smallholder farms
|
|
Secured Farmers Loan
|
Yes (Savings or physical assets)
|
Crop expansion, irrigation, livestock, equipment
|
Based on collateral value
|
Lower rate for secured loans
|
Up to 7 years
|
Seasonal repayment options, collateral-backed, scalable farming support
|
