Clico Credit Union

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.

Documents:

  • 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

CLICK HERE if you wish to be contacted with more information

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Required documents

There are specific documents required for submission together with your loan application when applying for a loan via Home Banking, Mobile Application.

Note that loan applications can only be processed upon receipt of these documents.