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Taxi Medallion Loan (Available in USVI Only)

USVI 340.776.5626
BVI 1.284.495.8899​​

​​​​​​​​​​Take advantage of this fixed term loan with flexible repayment plans.

Available in the USVI only, this loan allows you to borrow up to $20,000 for the purchase or financing of a taxi medallion. You can also use the taxi medallion you already own to secure the cash you need whenever you want it!​


You may qualify if you are a taxi medallion owner, a permanent resident of the USVI, and 18 years or older. Here are the details:

  • In St. Thomas and St. John, borrow a minimum of $2,500, up to a maximum of $25,000

  • In St. Croix, borrow a minimum of $2,500, up to a maximum of $15,000

  • Enjoy competitive fixed interest rates

  • Simplify your budget with fixed monthly payments

  • Terms from three to five years

  • No additional collateral is required

To apply for a loan, visit any of our bran​ch locations or apply by mail, online, or by phone. Here’s what you will need:

  • A completed Consumer Credit Application (Word / Adobe PDF) and income verification

  • Proof that you own the medallion

  • Sufficient repayment ability for the amount to be financed

  • Verification of residence (such as your utility bill, lease agreement, vehicle registration, etc.)

Loan By Phone:

Applicants, 18 years and older, may apply by phone by calling 340.776.5626 (LOAN)​ anytime between 8:00am and 5:00pm, Monday through Friday.


Online Applications:

Download the Consumer Credit Application (Word / Adobe PDF) and email it to ​miguel.farrington@firstbankvi.com.


Questions?

USVI: Contact Miguel Farrington at 340.775.8520​​​​​​

USVI 340.776.5626
BVI 1.284.495.8899​​