- Must be a member of the credit union.
- No Equity is required; however, whatever member is borrowing MUST be within their shares account
- Maximum loan amount $17M.
- Maximum repayment time of seventy-two (72) months.
- Service charge 0.5% of the amount requested.
- Interest rate 0.667% per month on the reducing balance.
- Picture Identification.
- Compulsory savings are not mandatory, regular savings amount to shares.
- Loan repayment to be done via salary deduction, Standing Order if the company does not accept salary deduction & OR Over the Counter Payment