personal loan
Get up to 10 times your shares with our Loan Above Shares up to $7.5Million whichever is less for any wise and prudent purpose!
Eg. Member A’s share balance is $30,000; loan potential is $300,000 (10 x $30,000)
required
- Last Payslip
- Proof of purpose
- Income and Expense Statement (done at interview)
- Acceptable Security for the difference between share and loan amount (using the example the difference would be $270,000)
Acceptable forms of Security:
- Land
- Property
- Motor Vehicle
- Stocks & Bonds
- Hypothecated Funds
- Co-Maker
- Insurance policies with adequate Cash Surrender value
Maximum Processing Time
- Dependent on form of security used
Collateral Checklist
Using a Property
Own a home? You can use this as a security. Get our checklist and begin today.
Third Party Cash
If you are using cash not held in our Credit Union, such as banks, stocks & investments.