Make it a More the Merrier Christmas with First Citizens Loans!

• Job letter (not older than 3 months)
• Recent pay slip (not older than 1 month)
• One (1) form of valid identification
• Proof of Collateral (If applicable) 
• Proof of address not older than 3 months in your name e.g. utility bill, bank statement
• If the proof of address is not in your name, you are required to produce a letter of authorization and ID for the person whose name is stated on the utility bill being used

_{The Bank reserves the right to request additional information/documentation if deemed necessary.}

• Job letter (not older than 3 months)
• Recent pay slip (not older than 1 month)
• One (1) form of valid identification
• Proof of Collateral (If applicable)
• Vehicle Pro forma invoice
• Proof of address not older than 3 months in your name e.g. utility bill, bank statement
• If the proof of address is not in your name, you are required to produce a letter of authorization and ID for the person whose name is stated on the utility bill being used

_{The Bank reserves the right to request additional information/documentation if deemed necessary.}

Job Stability: The lender usually looks at your employment status (employed/self-employed/retired/unemployed). The length of time you have spent in your current job is important as well as other current information on your employment status.

For persons with weak Job Stability, it is recommended that you have a guarantor or co-borrower to fully secure the loan. If you are self-employed, proof of your source(s) of income is required.

Loans taken by retired persons (over 60) must be fully secured as the loan will not be insured.

Credit History: During the Loan Approval Process, a Loans Officer will review the documentation you have provided. Your past and current loan history determine your credit standing. The better your Credit Rating, the easier your chances of receiving approval for your loan.

Ability to Repay: Based on the documents provided (job letter or financial statements) the Loans Officer considers your level of income, additional sources of income alongside the current commitments you have listed on the Loan Application Form. This is done to ensure that your commitments do not exceed your current income levels.

Collateral: Typically the borrower must show that there is some form of collateral available, in the event that you are unable to repay the loan. Some examples of sources of collateral include savings, investments, assets of value and land.

If no collateral is available, a guarantor may be recommended to provide collateral. This also varies depending on your relationship with the Bank.

Please Note: Information provided on this page is intended for informational purposes only and may not reflect your personal situation. This information is not legal advice, and you may need to contact a qualified financial advisor for advice specific to your personal situation.

You can expect to pay one-time Transaction Fees for each loan which include the:

The Credit Check Fee is the fee customers are charged to check their credit history and current loans. This fee is $120.00.

The standard Negotiation Fee is 1.5% of the loan amount and is paid by the borrower to close the transaction. This fee is non-refundable.

The Insurance Fee is paid by the borrower to provide for any eventuality (in the event of death of the borrower)

The Deed of Release Fee is a Legal Fee paid to release properties held as collateral for a vehicle loan. This fee is paid at the end of the Loan.

The following fee is the only recurring fee:

The Mortgage Bill of Sale is another Legal Fee, however, this fee is not a one-time fee. This fee is paid by the customer every three (3) years.