Restore Your Home and Your Peace of Mind.

When disaster strikes, it’s more than just bricks and mortar that’s affected – it’s your life, your memories, and your dreams.
APPLY NOW

Rebuild with Our Disaster Recovery Loan

With fast and flexible access to funds, you can tend to all your emergency needs. Access up to JMD 15,000,000 at a rate of 10.85% p.a. to restore your home and your peace of mind.

Swift Support

Up to JMD 15,000,000 disbursed in as little as 7 business days

Competitive Interest Rate

10.85% p.a.

Save with Lower Fees

Reduced processing and application fees

Whether You’re Insured or Not

The VM Disaster Recovery Loan is designed to work alongside your home insurance and support you if you don’t.

While home insurance can cover a significant portion of your repair costs, there are often deductibles, coverage limits, or specific types of damage that insurance may not fully cover. Our loan provides additional financial support to bridge these gaps, ensuring you can complete all necessary repairs and rebuilds without financial strain.

If you do not have insurance, the loan provides essential funds to start repairs and rebuilds, ensuring you can restore your home and peace of mind.

Start Your Recovery Today

Fill out the form below, and a VM Group representative will reach out to guide you through the next steps.

Start Your Recovery Today

Fill out the form below, and a VM Group representative will reach out to guide you through the next steps.

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Rebuild and Recover with VM Building Society’s Emergency Relief Loan

When disaster strikes, it’s more than just bricks and mortar that’s affected – it’s your life, your memories, and your dreams.
We’re by your side, helping you rebuild with our Emergency Relief Loan. Access up to JMD 15,000,000 at a rate of 10.85% p.a. to restore your home and your peace of mind.

APPLY TODAY

Your Big Moves Are Our Priority!

Your goals are our goals. That is why we have developed a range of iSave plans to help you get to your big goals faster!

  • Eligability

Available for VM and non-VM mortgagors. Loan amounts depend on home equity and market value.

  • Flexible Access to Funds*

We know emergencies can happen, so if the need arises unexpectedly we allow for flexibility in our redemption terms.

  • Expert Guidance

Our team of financial experts is here to assist you every step of the way with tips and tools to help you make informed decisions and stay on track with your goals.

Key Loan Features

With fast and flexible access to funds, you can tent to all your emergency needs. Access the keys to achieving life’s major milestones.

Swift SupportUp to JMD 15,000,000, disbursed within 5-7 business days.

Competitive Interest Rate
10.85% p.a.

Flexible Loan Amounts Based on available home equity, up to 100% of Forced Sale Value.

Payment Relief
Enjoy a 2-month moratorium to focus on major repairs.

Whether you’re insured or not

The VM Emergency Relief Loan is designed to work alongside your home insurance and support you if you don’t.

While home insurance can cover a significant portion of your repair costs, there are often deductibles, coverage limits, or specific types of damage that insurance may not fully cover. Our loan provides additional financial support to bridge these gaps, ensuring you can complete all necessary repairs and rebuilds without financial strain.

If you do not have insurance, the loan provides essential funds to start repairs and rebuilds, ensuring you can restore your home and peace of mind.

 

Who’s Eligible

  • Available for VM and non-VM mortgagors.
  • Loan amounts depend on home equity and market value.


We’re here to help you through the bad times as well as the good.

Get the Support You Need

  • Visit your nearest VM Building Society branch 
  • Call us at: (876) 754-VMBS (8627)
  • Or just fill out the form below and we’ll give you a call.

 

Start Your Recovery Today

Fill out the form below, and a VM Group representative will reach out to guide you through the next steps.

Answers to your FAQs

The Disaster Recovery Loan is a special loan designed to support homeowners who have been impacted by unexpected disasters such as hurricanes, fires, earthquakes, and floods. It provides financial assistance for home repairs and rebuilds, offering up to JMD 15,000,000 at a competitive interest rate of 10.85% p.a.

Homeowners with available equity in their property are eligible for the Disaster Recovery Loan. This includes both VM Building Society mortgagors and non-VM mortgagors.

 If you have an existing mortgage with VM Building Society, the Disaster Recovery Loan can be aligned with your current mortgage payments, providing a seamless payment process.

Funds can be disbursed in as little as 7 business days after the approval conditions are met, allowing you to start repairs as soon as possible.

The interest rate for the Disaster Recovery Loan is 10.85% per annum.

You can borrow up to JMD 15,000,000, depending on the available equity in your home. Loan amounts are based on up to 100% of the Forced Sale Value of your property, not exceeding 90% of its market value.

There is no specified minimum loan amount, but the loan is designed to cover substantial repair and rebuild costs, up to JMD 15,000,000.

Yes, there are reduced processing and application fees. The exact fees will be detailed during the application process.

If required, you can receive valuation services from VM Property Services at a discounted rate. You can indicate your interest in valuation services when filling out the application form.

Yes, VM Property Services offers project management services to help oversee your home repairs. You can indicate your interest in these services when filling out the application form.

Yes, the Disaster Recovery Loan can be used for both partial and complete repairs or renovations needed due to disaster-related damage.

Yes, you can combine the Disaster Recovery Loan with other financial assistance or grants you may receive. This can help you cover the full cost of repairs or rebuilds.

Yes, the Disaster Recovery Loan is designed to complement your home insurance. It can cover costs that your insurance policy may not fully cover, such as deductibles or specific types of damage, ensuring you have the funds needed to complete all necessary repairs.

If your home insurance covers part of the repair costs, you can still apply for the Disaster Recovery Loan to cover any additional expenses not covered by your insurance.

You can apply for the Disaster Recovery Loan by making an appointment to visit your nearest VM Building Society branch or by submitting the form on this page to request contact from a VM Group representative.

You will need to provide proof of home ownership, proof of damage (e.g., photos or assessment reports), identification, and any other documents specified during the application process.

You can check the status of your loan application by contacting your loan officer directly, or

 There are no prepayment penalties if you repay the loan early, making it a flexible option for homeowners who may be able to repay sooner than expected.

 If you need further assistance after receiving the loan, please contact your loan officer or our customer service team. We are here to support you throughout the entire recovery process.

For more information, please contact us at  (876) 754-VMBS (8627), our representatives are more than happy to help.

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Documents Required for Opening a Public Entities Account

 

  1. Copy of the Trust Deed and Rules

  2. Organization Tax ID Number (TIN)  (if available)

  3. Tax exemption from TAJ (where applicable)

  4. All trustees must sign all documents/authorities unless we have written instructions stating how many persons can execute transactions/instructions

  5. Trustee ratification to open account with VMBS

  6. List of Authorized Signers and specimen signatures

  7. Name, address and telephone number of Directors and Majority Shareholders on the account

  8. ID & TRN for directors, majority Shareholders and authorized signers on the account.

  9. SSN is to be declared for US persons for FATCA purposes

  10. Proof of Address for Trustee, authorized signatories, and Directors

  11. Source of Funds information – confirmation of source of funds being used to open the account as well as source of future investments or deposits.

Documents Required for Opening a Corporation Account

  1. Certificate of Incorporation or Certificate of Registration.
  2. Articles of Incorporation.
  3. Articles and Memorandum of Association.
  4. Directors’ Resolution.
  5. Taxpayer ID e.g. Tax Registration Number for business.
  6. Valid Tax Compliance Certificate (TCC)
  7. Proof of earnings/funds for the business i.e. current financial statements (audited).
  8. Valid License or Certificate to operate the business (where the main line of business is one that falls within the purview of a regulatory body)
  9. List of signing officers and specimen signatures for each
  10. Confirmation/Notice of Director and Secretary.
  11. Name, Address and telephone number of directors and Beneficial Shareholders.
  12. ID and TRN for majority shareholders, directors and authorized signing officers
  13. Certificate of Good Standing. (This should be from the relevant regulatory authority).
  14. Group structure (if part of a Group)

Documents Required for Opening a Sole Trader Account

  1. Valid Certificate of Registration of Business Name.
  2. Taxpayer ID e.g. Tax Registration Number for business.
  3. Proof of earnings/funds for the business i.e. current financial statements (audited or in-house). Where the sole trader is in business over 2 years, with an annual income above $15 million, a Financial Statement by a registered public accountant is required. Where the sole trader earns above $425 million per annum and in business over 2 years, audited financials are required.
  4. Valid Tax Compliance Certificate (TCC).
  5. Valid License or Certificate to operate the business (where the main line of business is one that falls within the purview of a regulatory body)
  6. Letter of Good Standing.

Forms Required for Opening a Sole Trader Account

  • Business Information and Account Application Form.
  • Account Signing Authority Form.
  • Member Information Form (MIF).
  • Reference Forms (if signing officer is unable to provide telephone references).
  • Address Verification Form (if signing officer is unable to provide another form of proof of address).
  • Income Statement and Questionnaire for Self-employed (as applicable).
  • Electronic Communication Indemnity Form (if email address is provided).
  • FATCA and CRS Self-Certification Form.
  • Signature Card.
  • Bearer Indemnity Form (as applicable)

Alternative Documents for Opening a Sole Trader Account

Where the business owner is self-employed and financial statements are not presented, the Income Statement and Questionnaire for Self-Employed Form must be completed along with any TWO of the following documents HERE.

  • Where the business owner is self-employed and financial statements are not presented, the Income Statement and Questionnaire for Self-Employed Form must be completed along with any TWO of the following provided:
  • Cash flow projections for the next two (2) years.
  • Reference letter from another bank, copy of bank statement or passbook. 
  • Purchase order from two main customers (issued within two months of the date of application).
  • Receipt for supplies purchased for the business.
  • Import licenses, invoices for goods or services sold within the last three months.
  • Written customer testimonial from two main customers.
  • Copy of any government-issued permit or license (e.g., food handlers permit, vending permit, taxi permit, etc.).
  • Proof of membership in area of trade or professional association (e.g., letter from the President, Treasurer or Secretary).
  • PayPal, other online earning platforms, and contract agreement on company letterhead for contracted persons, etc.

Documents Required for Opening a Small Business Account

  1. Valid Certificate of Registration of Business Name.
  2. Taxpayer ID e.g. Tax Registration Number for business.
  3. Proof of earnings/funds for the business i.e. current financial statements (audited or in-house). Where the sole trader is in business over 2 years, with an annual income above $15 million, a Financial Statement by a registered public accountant is required. Where the sole trader earns above $425 million per annum and in business over 2 years, audited financials are required.
  4. Valid Tax Compliance Certificate (TCC).
  5. Valid License or Certificate to operate the business (where the main line of business is one that falls within the purview of a regulatory body)
  6. Letter of Good Standing.

Forms Required for Opening a Small Business Account

Standard KYC internal forms listed below must be completed:

  • Business Information and Account Application Form.
  • Account Signing Authority Forms.
  • Member Information Forms (MIF).
  • Reference Forms (if signing officer is unable to provide telephone references).
  • Address Verification Forms (if signing officer is unable to provide another form of proof of address).
  • Income Statement and Questionnaire for Self-employed (as applicable).
  • Electronic Communication Indemnity Forms (if email address is provided).
  • FATCA and CRS Self-Certification Forms.
  • Signature Cards.
  • Bearer Indemnity Form (as applicable)

Additional Documents for Opening a Partnership Account

Partnerships must also submit the following documents:

  • Partnership Agreement/Deed (as applicable).
  • Statement from managing partners giving names and addresses of officers and partners.

Forms Required for Opening a Corporation Account

Standard KYC internal forms listed below must be completed:

  • Business Information and Account Application Form.
  • Account Signing Authority Forms.
  • Member Information Forms (MIF).
  • Reference Forms (if signing officer is unable to provide telephone references).
  • Address Verification Forms (if signing officer is unable to provide another form of proof of address).
  • Income Statement and Questionnaire for Self-employed (as applicable).
  • Electronic Communication Indemnity Forms (if email address is provided).
  • FATCA and CRS Self-Certification Forms.
  • Signature Cards.
  • Bearer Indemnity Form (as applicable)

Documents Required for Opening a Public Entities Account

  1. Letter from Ministry of Finance – authorizing the establishment of the business relationship
  2. Tax Compliance Certification (TCC) (if available), if entity does not pay tax, letter from MOF stating same.
  3. Organization Tax ID Number (TIN) (if available)
  4. Statute governing the formation of the entity
  5. List of Authorized Signers and specimen signatures
  6. Name, address and telephone number of Directors and Majority Shareholder on the account
  7. ID & TIN for directors, majority Shareholders and authorized signers on the account.
  8. SSN is to be declared for US persons for FATCA purposes
  9. Proof of Address for the public body
  10. Source of Funds information – confirmation of source of funds being used to open the account as well as the source of future investments or deposits.
  11. Audited Financials

Additional Documents for Opening a Corporation Account

Partnerships must also submit the following documents:

  • Partnership Agreement/Deed (as applicable).
  • Statement from managing partners giving names and addresses of officers and partners.

Documents Required for Opening a Club or Civic Association Account

  1. Rules or Charter of Club or Association.
  2. Resolution from the executive authorizing the opening of the account.
  3. Minutes of meeting.
  4. Taxpayer ID e.g., Tax Registration Number for Clubs and Associations, or Statutory Declaration (see Clubs and Associations Account Application Form).

Forms Required for Opening a Small Business Account

  • Clubs and Associations Account Application Form.
  • Account Signing Authority Forms.
  • Member Information Forms (MIF).
  • Reference Forms (if signing officer is unable to provide telephone references).
  • Address Verification Forms (if signing officer is unable to provide another form of proof of address).
  • Income Statement and Questionnaire for Self- employed (as applicable).
  • Electronic Communication Indemnity Forms (if email address is provided).
  • FATCA and CRS Self-Certification Forms.
  • Signature Cards.
  • Bearer Indemnity Form (as applicable)

 

*Note: Where the club or association is not required to have a Taxpayer Identification Number and has presented their charter, the Statutory Declaration section should be completed on the Clubs and Associations Account Application Form.

Documents Required for Opening a Church Account

  1. Rules or Charter of Club or Association.
  2. Resolution from the executive authorizing the opening of the account.
  3. Minutes of meeting.
  4. Taxpayer ID e.g., Tax Registration Number for Clubs and Associations, or Statutory Declaration (see Clubs and Associations Account Application Form).

Documents Required for Opening a Charity Account

  1. Name of the Charity – as registered with the Companies Office and the Department of Cooperatives and Friendly Societies
  2. Copy of approval from the Ministry of Finance that the organization has been granted status as a charity
  3. Articles of Incorporation
  4. Organization Tax ID Number (TIN)  (if available)
  5. Name, address and telephone number of Directors and Majority Shareholder on the account
  6. ID & TIN for directors, majority Shareholders and authorized signers on the account.
  7. SSN is to be declared for US persons for FATCA purposes
  8. Proof of Address for the organization, authorized signers and Directors
  9. Source of Funds information – confirmation of source of funds being used to open the account as well as source of future investments or deposits

Documents Required for Opening a Government School Account

  1. Resolution from the school’s Board of Management – authorizing the establishment of the business relationship and relevant signing instructions on account
  2. The Scheme for public educational institution (contains constitution, powers and duties of the Board)
  3. Organization Tax ID Number (TIN) (if available)
  4. Tax Compliance Certification (TCC) (if available)
  5. List of Authorized Signers and specimen signatures
  6. Name, address and telephone number of Directors and Majority Shareholder on the account
  7. ID & TIN for directors, majority Shareholders and authorized signers on the account.
  8. SSN is to be declared for US persons for FATCA purposes
  9. Proof of Address for the school, authorized signers and Directors
  10. Source of Funds information – confirmation of source of funds being used to open the account as well as source of future investments or deposits.

Documents Required for Opening a Private School Account

  1. Documents evidencing that the independent school is registered (from the Ministry of Education)
  2. If the school is incorporated – Documents required for a company should be presented
  3. If not incorporated – indicate the legal entity or the proprietor of the school. (Proprietor of the school is listed in the application for the registration as an independent school).
  4. Resolution from the school’s Board of Management – authorizing the establishment of the business relationship and relevant signing instructions on account
  5. Organization Tax ID Number (TIN) (if available)
  6. Tax Compliance Certification (TCC)
  7. List of Authorized Signers and specimen signatures
  8. Name, address and telephone number of Directors and Majority Shareholder on the account
  9. ID & TIN for directors, majority Shareholders and authorized signers on the account.
  10. SSN is to be declared for US persons for FATCA purposes
  11. Proof of Address for the school, authorized signatories, and Directors
  12. Source of Funds information – confirmation

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