Share Loans

Loan secured by member’s share savings to a maximum of 95% of total share savings to be repaid as follows:

  • Loans up to $100,000.00 maximum repayment period 2 years
  • Loans over $100,000.00 maximum repayment period 5 years

This loan will attract an interest rate of 6% reducing balance.

 

No proof of purpose for this loan is required. 

 

Approval will be subjected to member’s ability to repay.