• Must be a member of the credit union for at least 3 months.

• Must have unencumbered shares of 15% of the amount requested.

• Maximum loan amount $3,000,000.00 (total unsecured loan amount)

• Proof of loan purpose (signed & stamped by company or JP)

• Debt to income ratio must not exceed 60%.

• Repayment period 72months.

• Compulsory savings cannot be withdrawn until the loan is repaid.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.

• Service charge 3.5/4% of the amount requested.

• Interest rate 1.7083% per month on the reducing balance.

• 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.

• Last 2 salary slips.

• Picture Identification.

• Guarantor agreement is required for members if they fall into these categories – ROD less than eighteen (18) months, HIGH Credit Report, Contracted employees, etc

• Job Letter (Everyone Except JDF Military Personnel)