About Anything Loan
Features of the Anything 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
There is no set waiting period, but lending criteria does apply.
The value of collateral to be held will be determined at the time of assessment. In cases where the member does not have sufficient shares to satisfy the minimum requirement, funds can be allocated from the loan proceeds.
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.
The Anything Loan is a unique loan offering from CLICO Credit Union that allows you to borrow funds for any purpose you desire. Whether it’s debt consolidation, home renovations, planning a wedding, starting a small business, or pursuing further education, the Anything Loan gives you the flexibility to meet your financial needs.
The loan amount is determined based on the borrower’s ability to service the loan.
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”
Yes, you can become a member of CLICO Credit Union and apply for the Anything Loan immediately. 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.
The interest rate for this loan product ranges from APR 12.0% to 18.0%. The interest rates for the Anything Loan will be determined based on various factors such as your Debt Service Ratio (DSR), Credit Score, and repayment history. Our lending team will work closely with you to provide the most favourable interest rate based on your individual circumstances.
The Anything Loan carries a maximum repayment term of 10 years.
You can borrow up to $650,000 with the Anything Loan, depending on your specific requirements and eligibility.
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.
Absolutely! Debt consolidation is one of the many purposes for which you can use the Anything Loan. Consolidating your debts can help simplify your finances and potentially lower your overall monthly payments.
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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