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    We are a member owned financial organization that serves teachers and other workers in the education sector who are members of the Jamaica Teachers’ Association. Since our establishment we have worked hard to ensure that our members are able to ‘BE THEIR BEST’.

    97a Church Street, Kingston 1(876)922-2009

    Loan Agreement

    Amount Borrowed $ Cheque No Final Payment Due Terms: $ A/C No 20

    FOR VALUE RECEIVED I/WE <> as principal and as co-makers (waiving my/our rights of demand and notice) jointly and severally promise to pay to the JAMAICA TEACHER'S COOPERATIVE CREDIT UNION LTD. or order the sum of ($) as follows: on and a like amount each succeeding month, thereafter, the whole sum to be repaid in or within months from date; interest to be at PER CENT PER ANNUM and payable monthly as Collateral security for this note the Borrower has deposited with said Credit Union.

    Shares and

    In case of any default in payment as herein agreed, unless excused by the Board of Directors, the entire balance of this loan shall become immediately due and payable on demand. This loan shall also become due and payable when the borrower becomes bankrupt, or leaves Jamaica without giving at least six months notice or loses his/her common bond.

    Said Principal and co-makers jointly and severally promise to pay all fines imposed in accordance with the rules of the Credit Union, for failure to comply with the terms of this loan together with all costs or expenses incurred in the collection of any sum due; also, if the holder hereof after default, shall place this loan in the hands of a solicitor for collections, to pay all solicitor's costs incurred.

    I hereby agree to the terms outlined above.

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    Signature Certificate
    Document name: Loan Agreement
    lock iconUnique Document ID: 77fef7ce676a47415e6162cfe928904ffb9c7faf
    Timestamp Audit
    November 6, 2020 2:36 pm -05Loan Agreement Uploaded by Fabian Webb - IP