DIRECT DEBIT AUTHORISATION

Avoid delays, Save time.

Direct Debit Authorisation allows you to pay your mortgage electronically and automatically from any bank.

You will need your Mortgage Account Number, proof of your bank account number (e.g. bank statement) and a photo of your National Identification Card / Passport / Driver’s Permit to successfully complete this form.


Set up Direct Debit

Calculate your mortgage and prequalify online


  • What is Direct Debit?
  • Who should use Direct Debit?
  • What are the advantages of using Direct Debit?
  • How do I sign up?
What is Direct Debit?

Direct Debit is an alternative to Standing Order processing that allows TTMF to collect funds electronically from the customer’s account at any commercial bank toward their mortgage payment.

The service is provided in partnership with Citibank Trinidad and Tobago Limited.

Who should use Direct Debit?

New and existing customers when payment cannot be made via salary deduction.

What are the advantages of using Direct Debit?
  • It is cost effective as it costs less than a standing order ($3 vs $8 approx for a standing order)
  • Improved efficiency and timeliness in recording the customer’s payment on his/her account.
  • Automatic cancellation of your deductions after your final payment.
  • Email confirmation that the payment has been processed.
  • Eliminate the need to carry cash and avoid the delays associated with clearing cheques.
How do I sign up?
  1. Complete the Direct Debit Authorisation Form.
  2. Existing Standing Order customers must liaise with TTMF staff to prepare cancellation forms to their bank. If the bank account is joint, both parties must authorize the cancellation of the Standing Order.


  • What will it cost?
  • How will I know the mortgage instalment was deducted?
  • How often can transactions be processed?
  • Can I cancel Direct Debit?
What will it cost?

Direct Debit only cost $3.00 per transactions which is cheaper than a standing order charges/fees.

How will I know the mortgage instalment was deducted?

The transaction will be reflected on your bank statement as Electronic Debit from TTMF; you will also receive an email notification to the primary customer email address indicated on the Authorisation Form.

How often can transactions be processed?
At present only monthly transactions are accommodated.
Can I cancel Direct Debit?

Direct Debit will automatically be cancelled on repayment of your loan.


OTHER PAYMENT METHODS

Pay your Mortgage with Online Banking

Via online banking or at any branch of Republic Bank. Submit a Proof of Payment for every mortgage instalment made.

Discover Other Payment Methods

MORTGAGE PROOF OF PAYMENT

Ensure Your Account is Credited

Submit a Proof of Payment for every mortgage instalment made.

Submit a Proof of Payment

DEFERRAL REQUEST

Adjust or manage your Instalments

Adjust your monthly instalment.

Submit a Deferral Request

PAYLINK AUTHORISATION

Ensure You Receive Your Refunds

This form will allow us to process any payments due to you directly to your bank account.

Receive Refunds