Loans

Unsecured Loan

By March 28, 2018 October 12th, 2018 No Comments

This is a conditional credit facility which allows you to borrow up to $2,500,000.00 and repay within 60 months, at a low interest rate of 15% per annum. No security required.

Requirements:

  • Deposit 20% of the amount required to your shares account
  • Must be a member of the Credit Union for 1 year
  • Compulsory Savings
  • Debt to Income ratio calculated
  • Job letter (Everybody Except Military Personnel)
  • Last two pay slips
  • Picture Identification
  • Proof of loan purpose (signed and stamped by JP)
  • Guarantor letter signed and stamped by JP (for ROD less than 6 months, 3JR(NR) and civilians)
  • Guarantor’s Identification
  • Guarantor’s last pay advice
  • Make an appointment at the front desk
  • CONDITIONS APPLY

Double Hand Partner Plan