Borrow
Medical
Loans may be granted to defray medical expenses for a short period until insurance claims are paid.
- Referral Letter from Doctor
Business
- Proposal
Debt Consolidation
- Invoice / Statement showing amount owed
Back2School Loan
- Invoice
Agriculture
- Proposal
Furniture / Appliance
- Invoice from Supplier
Travel
The maximum repayment period for travel is thirty-six(36) months.
- Itinerary
- Approved Vacation Leave
Wedding
- Copy of Invitation
Funeral
- Invoice from Funeral Home
General Criteria for a Loan
- Only members can qualify for loans
- Members must have the minimum share requirement.
- A six month minimum period of membership with regular payments is required before a loan can be granted. However, consideration would be given to new members with an established ability to service the loan, meet the eligibility requirements and if necessary adequate security or manageable exposure.
Securities That May be Used
- Lien on Shares Deposits
- Co-Makers – members signing on behalf of others (by using their Shares, Deposit or Fixed Deposit)
- Bills of Sale with comprehensive insurance policy
- Land Title