Motor Vehicle Loan
Members can access ten (10) times their shares to a maximum of $10 million to be repaid in 2-10 years.
This loan will attract an interest rate as follows:
2019 - 2021
2014 - 2018
The motor vehicle must be used as collateral for this loan
The motor vehicle must be comprehensively insured, and the credit union’s name must be endorsed on the Insurance Policy.