HIRE PURCHASE LOAN

  • Must have unencumbered shares of 10% of amount requested.
  • Maximum loan amount $300,000.00.
  • Pro-forma invoice for items to be purchased from a reputable Vendor MUST BE SIGNED & STAMPED
  • Repayment period 36 months.
  • Member must sign a final payment letter.
  • Last 2 salary slips.
  • Picture Identification.
  • Job Letter (Everyone Except JDF Military Personnel)
  • All items purchased to be insured through the credit union.(calculation Loan amount X 25 / 1000 X loan durationĀ  X GCT)
  • Bill of Sale cost $2,500.00, document to be completed & sign by both staff & member on all pages.