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Affordable Motor Vehicle Loans

Lascelles Employees Co-operative Credit Union continues to be the market leader on Motor Vehicle loan terms.

Drive More for Less with Market-Leading Auto Loans

100% Financing

Drive away sooner with full financing options that cover the total cost of your vehicle, making ownership more accessible and convenient.

10% Share Saving

Build your ownership investment with a manageable 10% share savings requirement while securing affordable vehicle financing.

10% Upfront

Enjoy flexible financing with only a 10% upfront share contribution required to get started on your vehicle purchase with ease.

Motor Vehicle Loan Schedule

Lascelles Employees Co-operative Credit Union continues to be the market leader on Motor Vehicle loan terms. We are proud of our low interest rates. At Lascelles we know you need to keep moving!  We have some of the lowest rates around town!!
2026 PROCESSING RATE
Vehicle Year Financing Terms Processing Fees Share Requirement Mandatory Savings Dealer
2025 - New 100% 8% - 10 years to repay 3 - *2.75% EM: 0%
NM: 3% 		10% 0%
2021 - 2024 100% 9.5% - 8 years to repay 4 - *3.75% EM: 0%
NM: 5% 		10% 0%
2019 - 2020 100% 10% - 5 years to repay 5 - *4.75% EM: 0%
NM: 7% 		10% 0%
* Reduced processing fees apply if member insures with Partners: JCIA
– NM: New Member: individuals with membership for less than 1 year
– EM: Existing Member: individuals with membership for more than 1 year

Loan Checklist & Application Form

Here is what you need to purchase your dream motor vehicle:

Download All Checklist
Apply for a loan
Rates and Terms:
  • 100% Financing on Vehicles from years: 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026.
  • 10% share saving for life of loan.
  • 10% upfront share requirement.
Requirements:
  • Job Letter (Must be addressed to Lascelles Employees & Partners Co-operative Credit Union).
  • Last three months’ payslips.
  • Last six months bank. printout of salary account.
  • Credit Check Forms (2) for Credit Report ($4,860.71, including GCT).
  • Quotation for motor vehicle.
  • Insurance Certificate.
  • Fitness.
  • Registration.
  • Import Doc(s) or Motor Vehicle Title.
  • Valuation Report.
  • Deposit Report.
  • Staement of Account from lien holder.
  • Valid ID (for this purpose, ID must be a driver’s license).
  • Proof of Address (recent utility bill in your name / address verification form signed by authorized person).

Frequently Asked Questions

Discounted rate of 7.5%, 100% financing (2019- 2025), Up to 10 years to repay. Approved applicant receives a loyalty bag.
  • (a) Isuzu cars that are older than 3 years old
  • (b) Great Wall Vehicles
  • (c) Yutong vehicles
(2019 – 2025) Motor Vehicles S 2026 Models
Mandatory monthly shares savings, processing fees, credit check Fees, comprehensive insurance, fitness and registration, petrol, monthly payments, servicing

Yes, please submit the receipt with the requirements.

100% financing is offered once the motor vehicle falls within the promotion years

No, however we can provide another Ioan product that is available to assist you, once you qualify for that additional loan.

September 30th, 2025.

Yes, this is based on affordability, the Unsecured Loan rate is different from the Motor Vehicle Loan. NB. Credit Union’s interest will also be added to the asset.
Reducing Balance
Yes, use your account number, go to www.lascellescreditunion.com click on menu > loans > affordable loans apply now

Yes, email all the requirements in PDF format to loans@lasceilescreditunion.com.

Up to seven (7) business days with provision of all the requirements including the credit check report

See the Motor Vehicle Loan Checklist

Yes, see the Motor Vehicle Loan Checklist

  1. Commitment letter prepared to you the member outlining the terms and conditions of how the loan is granted.
  2. Letter of Undertaking is prepared for the Vendor/Dealer.
  3. Letter is prepared to Insurance Company to note LEPCCU interest.
  4. Notice of Lien to Inland Revenue (Tax Office) to note LEPCCU interest.
  5. Once all the documentation is returned and all associated fees have been paid loans will then be disbursed.

Ages 18 & over once the owner has a Jamaican Driver’s License.

During the interview process your Loan Officer will advise you when to pay credit check fees.

If you are self-employed No, if you are permanently employed, use a salary deduction or standing order.

YES.

No.

Inform the Credit Union of your intention and the Buyer that the title is with the Credit Union. The title will not be made available until payment is made and confirmed by Credit Union. This could take up to two (2) business days

Inform the Credit Union immediately, let’s work together to see how best the situation can be handled.

If you are self-employed yes, if you are permanently employed, use a salary deduction or standing order. Your employer will remit the payment on your behalf, or the standing order instruction would be done for the bank to remit payment weekly or fortnightly.

If you are Self Employed, yes, do email the receipt to
accounts@lascellescreditunion.com. If you are permanently employed, use a salary deduction or standing order.

For additional information, please contact
(876) 758-7719 (Extensions 2007, 2008, 2013) • loans@lascellescreditunion.com

Check out the special features we offer.

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Lascelles Employees Co-operative Credit Union continues to be the market leader on Motor Vehicle loan terms. We are proud of our low interest rates. At Lascelles we know you need to keep moving!  We have some of the lowest rates around town!!

Motor Vehicle Loan Schedule:

Motor Vehicle Year
Financing
Terms
Processing Fees
2024 – NEW
(This applies to the year – 2024, up to the 6th month of the existing year)
100%
8.5% – 10 years to repay
2%
2020 – 2023
100%
11% – 8 years to repay
3%
2018 – 2019
90%
12.5% – 5 years to repay
3%
2017
75%
14% – 4 years to repay
4%

Rates and Terms:

  • 100% Financing on Vehicles from years: 2020, 2021, 2022, 2023, 2024 & NEW.
  • 10% share saving for life of loan.
  • 10% upfront share requirement.

Requirements:

  • Job Letter (Must be addressed to Lascelles Employees & Partners Co-operative Credit Union).
  • Last three months’ payslips.
  • Last six months bank. printout of salary account.
  • Credit Check Forms (2) for Credit Report ($4,860.71, including GCT).
  • Quotation for motor vehicle.
  • Insurance Certificate.
  • Fitness.
  • Registration.
  • Import Doc(s) or Motor Vehicle Title.
  • Valuation Report.
  • Deposit Report.
  • Staement of Account from lien holder.
  • Valid ID (for this purpose, ID must be a driver’s license).
  • Proof of Address (recent utility bill in your name / address verification form signed by authorized person).

Loan Checklist & Application Form

Here is what you need to purchase your dream motor vehicle:

Download All Checklist
Apply for a Loan
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