info@alderwoodcredit.com

CSF is a Canadian company based in Ottawa, Ontario. Using state of the art technology, CSF provides administrative services for the loans originated by Alderwood in the Caribbean. CSF has a friendly bi-lingual staff who can assist with any questions regarding your Alderwood Vacation Loan.

No. Alderwood is a lender that specializes in the vacation industry. Alderwood serves the needs of Canadians who will not have access to Canadian dollar loans while on vacation in the Caribbean. Alderwood does not loan funds for any other purpose than for the vacation industry.

Currently, Alderwood Vacation Loans are only available at the Melia Varadero Marina Resort in Cuba. Alderwood expects to expand to additional Melia Resorts in prime vacation destinations in Cuba. Alderwood also provides loans to Canadians at the Sports Illustrated Cap Cana Marina Resort in the Dominican Republic.

Unlike other lenders, Alderwood is not funded by Banks or other traditional financial institutions. Alderwood borrows its funds from CheckMark Financial Corporation, a Canadian company that offers Bonds to qualified Canadian investors which are eligible for registered RRSP or TFSA accounts. CheckMark Bonds are only available pursuant to an Offering Memorandum that can be obtained from an Exempt Market Dealer who can advise potential investors whether CheckMark Bonds are an appropriate investment.

Your application can be approved at the same time when you buy your Vacation Club Membership. Our Alderwood Loan Officers are available onsite to complete your loan while you are still enjoying your resort vacation.

No. Your application will not affect your credit score. Further, Alderwood does not report your Vacation Loan with credit bureaus and will not affect your ability to obtain credit from other sources.

Yes. You can pre-pay all or any part of your Vacation Loan at any time without any penalty.

Your monthly payments are administered by CSF. Payments are automatically taken from your bank account using Pre-Authorized Debits (PAD). Payments also may be made by credit card.

Your monthly payment consists of interest together with a principal payment. Your principal payments are amortized over a 10 to 20 year repayment period. Your interest is calculated only on the outstanding principal balance so payments will decrease each month as the principal is repaid.

No.      Your monthly payment decreases each month over the term of the Vacation Loan. This is because interest is calculated on the outstanding balance of the Vacation Loan which decreases each month.

Yes. CSF will provide you with annual statements showing the activity in your loan account. Of course, you can also contact CSF in Ottawa at any time with any questions that you might have.