Loans

From inception, FICS has been offering a number of superior investment facilities, and short, medium and long-term loan facilities to the people of St Lucia at attractive rates. 

For more information please see below:

Hospitalization Loans

Allow St Lucians to patronize the facilities of Tapion Hospital

Requirements: 
  • valid identification (driver’s license, passport, national id)
  • current salary slip
  • recent job letter
  • letter from Tapion medical doctor stating costs for operation/ surgery and other medical expenses
  • security

Repair and Renovation Loans

Enable the borrower to improve the condition of his/her home

Requirements 
  • valid identification (driver’s license, passport, national id)
  • current salary slip
  • recent job letter
  • open bill – personal loans
  • evidence of debts – consolidation loans
  • bills of quantities from a recognized quantity surveyor - repair and renovation loans
  • open an Educational Plan to build collateral
  • Open a Supplementary Pension Programme to build collateral and use for income tax purposes

Consolidation Loans

Allow the borrower to combine all debts into one, often with a lower payment
  
Requirements 
  • valid identification (driver’s license, passport, national id)
  • current salary slip
  • recent job letter
  • open bill – personal loans
  • evidence of debts – consolidation loans
  • bills of quantities from a recognized quantity surveyor - repair and renovation loans
  • open an Educational Plan to build collateral
  • open a Supplementary Pension Programme to build collateral and use for income tax purposes

Personal Loans

Enable the borrower to pay for educational expenses, medical bills and other things of a personal or family nature

Requirements 
  • valid identification (driver’s license, passport, national id)
  • current salary slip
  • recent job letter
  • open bill – personal loans
  • evidence of debts – consolidation loans
  • bills of quantities from a recognized quantity surveyor - repair and renovation loans
  • open an Educational Plan to build collateral
  • open a Supplementary Pension Programme to build collateral and use for income tax purposes

Professional Loans

Assist professionals who wish to enhance the quality of service offered to the public

Requirements: 
  • valid identification (driver’s license, passport, national id)
  • current salary slip
  • recent job letter
  • open bill indicating costs
  • security – land, cash, etc

Equity Financing Loans

  • make it possible for any client of FICS to draw on the difference between any existing loan and the value of any property assigned to FICS
  • allow a client to draw on any past payments on good existing loans

Mortgage Loans

Permit the borrower to purchase either land only or land and house at a very attractive interest rate

Requirements: 
  • Land Register and Deed of Sale
  • Vendor’s letter stating price and details of property
  • Survey Plan
  • Map Sheet
  • Compliance letters from Inland Revenue Department (Income Tax and Property Tax Departments) and National Insurance Corporation
  • 10% to 20% deposit
  • Equity Injection
  • Home Insurance Assignment (if property is available)
  • Life Insurance Assignment
  • Estimate of Quantities (to build)
  • DCA Approval Letter (to build)
  • Drawings for building