CCU Loan Booster
This loan has a maximum amount of $50,000.00 where 20% of the requested funds are placed on the shares with the balance paid to the member. The repayment period is 36 months (3 years). With a special interest rate of .65% on the reducing balance. This loan can help bring a member’s expenses back in order after being displaced by the restrictions of COVID-19. A three (3) month moratorium on the principal is offered on this loan.
Interest rate of 0.65% (7.8% yearly) | Up to 36 months to repay | Financing of $20,000.00-$50,000.00
* 3-Month moratorium available*
If a payment is missed the special interest rate will revert to a rate of 1% on the reducing balance.
This loan will be offered until December 31st, 2020.
- Job Letter (with in the last 6 months)
- Payslip (most recent)
- Valid scanned ID and one other form of ID (DP, PP, ID, or Birth Certificate)
- Proof of address (must be in member’s name or letter /form signed by named addressee
- Supporting documents not required
Special Conditions Apply