• Must be a member of the credit union.

• Must have unencumbered shares of 10% of the amount requested.

• Maximum loan amount $500,000.00.

• Proof of loan purpose e.g. invoice MUST BE (signed and stamped)

• Maximum repayment time 24 months.

• Service charge 3.5% of the amount requested.

• Interest rate 1.625% 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 pay slips.

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

• Picture Identification.

• Compulsory savings cannot be withdrawn until the loan is repaid.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

• Loan MUST satisfied All other requirements of an unsecured loan