Loan Objectives
  1. To provide members with a lower cost alternative for their electricity bills
  2. To enrich product offering and attractiveness of IECCU
  3. To grow IECCU’s loan portfolio

Loan Benefits
  1. Low cost financing of Solar Powered Products (Water heater, Air
    Conditioning Units, etc.) for residential properties
  2. Financing of Solar Panel Systems for residential properties
  3. Replacement, upgrading & maintenance of solar facilities at residential properties
Product Features
  • Accessible to existing members with minimum 6 months of membership
  • Loan Amount – Maximum 3 Million
  • Loan period – Maximum 5 years payback
  • Low Interest Rate
  • Qualifying Shares (1/8 of total loan amount)
  • Loan can be Secured / Unsecured
  • The member must present an assessment report / invoice/s.
  • All aspects surrounding the purchase, delivery and installation of and or
    any accessories must be outlined.
  • Income information – last 3 months’ pay slips for Administrative Staff
    and the last 6 months’ pay slips for Sales Representatives
  • Payment by salary deduction or standing order
  • Credit Reference where applicable
  • Where applicable, Creditor Life Insurance to be applied
  • Current Proof of Address and valid form of ID required 

Acceptable Collateral for Secured Solar Loan

  • Cash deposits held at this Credit Union or any other licensed financial
    institution
  • Real Estate
  • Motor Vehicles (Up to 5 years old)
  • Life Insurance Policy with Cash Value
  • Third Party Collaterals - any of the above stated collaterals belonging to
    any person other than borrower


Participating Suppliers

  1. GMC ENERGY LIMITED
    Suite CU1 Sovereign Village Center, Portmore, St. Catherine
    Tel: 876-960-1254 WhatsApp: 876-427-4786
    Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
    Website: www.gmcenergyservices.com

  2. SOLAR BUZZ JAMAICA LTD
    6 Haining Road
    Kingston 5
    876-968-7797 / 876-906-4693
    Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
    Website: www.solarbuzzjamaica.com

  3. ISRATECH
    Kingston
    Unit #17, The Trade Center,
    30-32 Red Hills Road Kingston
    Tel: (876) 452-2416 (Digi) / (876) 816-2628 (Flow) / (876) 754-5443-4
    / (876) 754-5209

    Mandeville
    Lot 2 Kendal,
    P.O. Box 37 Shooters Hill Mandeville, Jamaica, W.I.
    Tel: (876) 383-9164 / (876) 603-3564 / (876) 603-3946-7 / (876) 603-3561/3452

    Montego Bay
    Isratech Complex
    Reading (Montego Bay)
    Tell: (876) 565-5842 / (876) 605-5521/5166 / (876) 605-5468
    Website: www.isratech.com
    Email: This email address is being protected from spambots. You need JavaScript enabled to view it.