Interest Rate
1.04% per month
Processing Fee
0.50%
Loan Term
up to 120 months
Qualifications
- Shares must be free.
- Member must produce the last month 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; and saving continuously.
Conditions
- Amount of loan granted will be dependent on the member's ability to repay.
- Repayment is by salary deduction.
- Shares must exceed loan balance by at least three (3) months interest.
- All waivers are considered by the Board of Directors. Waiver fees will be administered based on approved fee schedule.
