Share Loan

About Share Loan

Elevate your financial strength with the Share Loan – a loan that’s not just about borrowing; it’s about leveraging your success. With the Share Loan, your shares serve as collateral, allowing you to qualify for up to 3x your Share balance. It’s a low-risk, high-reward option that lets you continue earning dividends on your shares while accessing substantial funds. The Share Loan is more than a financial tool; it’s a strategic move towards achieving your financial goals.

Features of the Share Loan

  • Multiply Your Share Balance

    Leverage your existing shares and qualify for up to 3x your Share balance with the Share Loan, allowing you to access substantial funds without liquidating your investments

  • Continue Earning While Borrowing

    Unlike other loans, the Share Loan allows you to continue earning dividends on your shares, ensuring your money works for you even as you pursue your financial goals.

  • Loans within share balance

    Member can apply for a loans within their share balance and enjoy a lower interest rate.

  • Low-Risk, High Reward

    With shares as collateral, the Share Loan offers a low-risk option with high potential rewards. Unlock the power of your investments without compromising financial stability.

  • Your Shares, Your Security

    Your shares serve as collateral, providing security for the loan without the need for additional assets. It's a convenient way to access funds while preserving your financial portfolio.

  • Requirements

  • 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
Can’t find what you’re looking for? don’t hesitate to reach out!
How Soon Can I Access a Loan After Becoming a Member?

There is no set waiting period, but lending criteria does apply.

What Documentation Do I Need to Apply for A Loan?

Documentation varies on the type of loan needed. See our list of loans to find out the details that pertain to your request.
Alternative: 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.

What Is the Anything Loan?

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.

How Is the Loan Amount Determined?

The loan amount is determined based on the borrower’s ability to service the loan.

How Do I Apply for The Anything 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 and click “Sign Up”

Can I Apply For The Anything Loan If I’m Not A Member Of Clico Credit Union?

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 or fill out the form at the bottom of this page.

Do I Need to Have A Minimum Share Balance To Apply For The Anything Loan?

Yes, for loan amounts above $40,000 there is a 5% share requirement held, this can be deducted from the loan amount in cases where the member does not have the required shares.

What Is the Interest Rate For This Loan?

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 delinquency history. Our lending team will work closely with you to provide the most favorable interest rate based on your individual circumstances.

What Is the Repayment Period for The Anything Loan?

The Anything Loan carries a maximum repayment term of 10 years.

How Much Can I Borrow with The Anything Loan?

You can borrow up to $650,000 with the Anything Loan, depending on your specific requirements and eligibility

How Long Does It Take to Receive A Decision On My Anything Loan Application?

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.

How Can the Loan Be Repaid?

The preferred form of repayment is via salary deduction, but alternative options can be discussed with your lending officer.

Can I Use the Anything Loan To Consolidate My Debts?

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.

Are There Any Specific Eligibility Criteria For The Anything Loan?

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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