Interest Rate
13% per annum
Borrow
min of $ 5000
Loan Term
up to 120 months
Qualifications
- Three (3) months interest charge must be taken into consideration.
- Hypothecation letter from other financial institutions is required, where applicable.
- Co-maker's ID & TRN is required, where applicable.
- Life Insurance Policy and Statement is required, where applicable.
- Lump sum deposits are acceptable without any penalty.
- Member must produce last two (2) months pay advices/ certified proof of income; Government Identification and TRN; any utility bill.
- Member must be in good standing with the Credit Union, that is, no delinquency within the last three (3) months.
Conditions
- Amount of loan granted will be dependent on the member's ability to repay.
- Repayment is by salary deduction.
- All waivers are considered by the Board of Directors. Waiver fees will be administered based on approved fee schedule.
