Clico Credit Union

The Revolving Loan

 

 

Have you been thinking of starting a small business or simply need a cash injection to further a personal or financial goal? Maybe you need to pay off a credit card?

The Revolving Loan can act as a line of credit to help you.

Interest rate of 1% | 6 months repayment period | Financing of up to $15,000.00

 

Three-month or five-month moratorium available

  • Interest-only payments for the first 5 months with the full principal and remaining interest paid in the 6th

Or

  • Interest-only payments for 3 months with full principal payment and remaining interest repaid in the last 3 months

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
  • All necessary documents required for small business owners where applicable.

 

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.