- Must be a member of the credit union.
- Must have a minimum balance of $3,000.00 in shares equity account, or 2.5% of loan amount.
- Maximum loan amount $400,000.00.
- Members can always access loans at any time but not exceed the maximum loan amount.
- Maximum repayment time is twenty-four (24) months/27 months.
- Service charge 5% of the amount requested.
- Interest rate 1.5417% per month on the reducing` balance.
- Picture Identification.
- Credit Report MUST be done
- Members must sign a final payment letter. If a member previously had a final payment letter, we do not need to do another.
- Compulsory savings cannot be withdrawn until the loan is repaid.
- Loan repayment to be done via salary deduction & OR Standing Order if the company does not accept salary deduction.
- Job Letter (Everyone Except JDF Military Personnel)