Dividend Plus+ Loan
About the Dividend Plus+ Loan (Available April 18th, 2024)
Unlock the power of your dividends with our Dividend Plus+ Loan. Designed exclusively for members like you, this innovative loan product allows you to leverage your dividends as collateral, giving you access to funds when you need them most.
Features of the Dividend Plus+ Loan
- Signed consent clause
- Any two forms of identification from the following (Driver’s Permit, National Identification Card, Government Issued Passport, Electronic Birth Certificate)
- Job letter no older than 3 months
- Most recent payslip or Income and Expenditure Statement with corresponding bank statements for the last 2 consecutive years
- Proof of address no older than 3 months (Supporting documentation if the property is not owner occupied)
- Documents in support of your request
Got any questions? we’re here to help
Frequently Asked Questions
You must have been a member long enough to receive a dividend, as it serves as a qualifying aspect of your loan application.
Documentation varies on the type of loan needed. See our list of loans to find out the details that pertain to your request.
Alternative: Documentation required will vary depending on the nature of your request but the prerequisites are two valid forms of picture identification, recent job letter and payslip along with supports for your request.
A Dividend Plus+ Loan is a financial product that allows members to use their dividends as collateral to secure a loan. It offers two tiers: borrowing up to the full amount of their dividend or up to 7 times their dividend, with competitive interest rates. This loan empowers members to access funds for various purposes while maximizing the value of their dividends.
A Dividend Plus+ Loan is a financial product that allows members to use their dividends as collateral to secure a loan. It offers two tiers: borrowing up to the full amount of their dividend or up to 7 times their dividend, with competitive interest rates. This loan empowers members to access funds for various purposes while maximizing the value of their dividends.
Applying for the Anything Loan is simple and convenient. You can visit our website and apply for the loan using your online banking credentials. Alternatively, if you are a member and do not have your online banking credentials you can apply for them at ccuebranch.com and click “Sign Up”
No, you must be a member of CLICO Credit Union to apply for the Dividend Plus+ Loan. Our team will guide you through the membership process, ensuring you have access to all the benefits and services offered by our credit union. Email us at bdteam@clicocu.com or fill out the form at the bottom of this page.
For Dividend Plus+ Loans, the interest rate is 7% for borrowing up to 1 time your dividend and 12% for borrowing up to 7 times your dividend. Normal conditions apply.
You can borrow up to the full amount of your dividend or up to 7 times your dividend, depending on the tier you qualify for.
Once you have submitted your application, our lending team will review it promptly. We strive to provide quick and efficient loan decisions, and you will be notified of the outcome as soon as possible.
The preferred form of repayment is via salary deduction, but alternative options can be discussed with your lending officer.
All loans are subject to normal lending criteria. Our lending team will assess your eligibility based on factors such as your terms of employment, income, credit history, and ability to repay the loan.
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