Portland Corporative Credit Union

Salary Multiplier Loan

Members can obtain this loan up to three (3)  times their monthly net salary.

Terms and Conditions

  • Only Salaried workers are qualified
  • The maximum amount to any one member is Two Hundred and Fifty Thouand Dollars ($250,000.00)
  • Loan to be three (3) times the borrower’s net salary as evidenced by pay slip or other verifiable document.
  • Net Salary should be deposited to shares account and held as equity and collateral.  (NB: No additional collateral required)
  • Repayment should be made via Salary Deduction
  • Members are required to save in shares a minimum of 5 to 10% of monthly loan repayment.  ( This compulsory savings can only be withdrawn when the loan is settled or the loan is less than the shares.

Documents required for loans

  • Valid identification (passport, drivers license, national ID)
  • TRN
  • 2 passport size photograph certified by Justice of the Peace
  • Letter of employment
  • The last 3 pay slips

*Conditions apply

Portland Co-opertive Credit Union Head Office

31 West Street, Port Antonio P.O. Box 51, Portland Jamaica West Indies

Telephone Contact

1 (876) 993-2608
1(876) 993-2806
Fax: 1 (876) 993-2003

Our Telephone System Is Down

The main telephone system at the 
Portland Cooperative Credit Union is 
Temporarily Out of Service. 
Sorry for the inconvenience caused, service will be restored at the earliest possible time. 
In the interim you may contact the Credit Union at following numbers. 
Tel: (876) 562-9038 (876) 584-3758, (876) 401-8219 (876) 5842382
Buff Bay Branch (876) 913-6812, (876) 996 1778 (876) 401-8063