• Must be a member of the credit union.

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

• Maximum loan amount $300,000.00.

• Proof of loan purpose e.g. Caterer, wedding planner etc MUST BE (signed and stamped)

• Maximum repayment time 24 months.

• Service charge 3.5% of the amount requested.

• Interest rate 1.6%

• 19.5% per month on the reducing balance.

• Debt Ratio Income must not exceed 60%.

• Last two (2) pay slips requested

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• Compulsory savings cannot be withdrawn until the loan is repaid.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

• Loan MUST satisfied All other requirements of an unsecured loan

• 2 Months Moratorium CAN BE granted if members required same