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:

15 %
New Vehicles
15 %
2019 - 2021
20 %
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.