My Way Loan
About My Way Loan
Realize your dreams with the $100K “My Way” Loan. This isn’t just any loan; it’s a personalized financial solution tailored for our valued Credit Union members. Whether you’re planning a major purchase, consolidating debt, or starting a new venture, the “My Way” Loan offers up to $100,000 with no collateral required and immediate accessibility, even for new members. Designed to give you the freedom and flexibility you need, this loan helps you achieve your goals with ease. Let us help you turn your aspirations into reality, without the hassle.
Features of the My Way Loan
Any two forms of identification from the following:
o Driver’s Permit
o National Identification Card
o Government Issued Passport
o 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)
Got any questions? we’re here to help
Frequently Asked Questions
This loan can only be accessed as a second loan facility with CCU, after establishing borrowing history with either the Anything Loan or Share Loan.
Documentation requirements vary based on the type of loan. For the “My Way” Loan, typically you will need two valid forms of picture identification, proof of address, a recent job letter, and a payslip. Additional documentation may be needed depending on your specific request.
Applying for the “My Way” Loan is simple and convenient. Visit our website and apply using your online banking credentials. If you don’t have online banking credentials, you can sign up at ccuebranch.com. (Note: The answer provided on the site describes the application process rather than the definition).
You must become a member of CCU to apply for the “My Way” Loan. Our team will guide you through the membership process to ensure you have access to all our benefits and services. Contact us at lending@clicocu.com or fill out the form at the bottom of this page.
Yes, a minimum of 10% shares is required.
The interest rate for the “My Way” Loan is 18.0%.
The “My Way” Loan offers a flexible repayment period of up to 90 months.
You can borrow up to $100,000 with the “My Way” Loan.
Once you submit 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! Consolidating your debts with the “My Way” Loan 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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