General Loans

At Manchester Co-operative Credit Union (1977) Ltd., we provide our members with an opportunity to access loans for activities which will enable them to enhance their standard of living: through the purchase of house, land, motor vehicle or home improvement. We also provide loans to increase one's income and for consumer purposes

Your loan amounts will depend on your level of savings with us, your ability to repay, your character, your economic and personal conditions, and the form of collateral or security being offered

Secure 24 - Same Day, Low Interest Loan

Features & Benefits

1. Borrow up to 95% of your Savings
2. Enjoy a low interest rate of 12.95% p.a. on the reducing balance
3. Approval of Loan within 24 hours
4. Hassle free
5. No service charge
6. Loan available for any purpose
7. Free Life Savings & Loan Protection Insurance.
8. Earn interest on your savings while it is held as security for the loan

Special Education Loan

Features & Benefits

1. Available for primary, secondary and tertiary education
2. Purposes include coverage of tuition fees, books, external examination fees etc.
3. A low interest rate of 12 % p.a. is applied for members saving consistently for at least one year
4. Funds are available from a revolving pool of funds.
5. Maximum loan amount of $100,000.00

H.O.P.E. Loan

Features & Benefits

1. Acronym for Home Ownership Provided Easier.
2. Purposes include: to purchase a home on the open market, to build on own land, to improve an existing home or to acquire land.
3. Only 10% share requirement.
4. Loan amounts of $500,000 to $3,000,000.
5. Interest rate as low as 15% p.a.
6. Free Life Savings & Loan Protection Insurance.

Motor Vehicle Loan

Features & Benefits

1. Loan available for purchase of Vehicles up to 15 years old
2. Repayment term of up to 7 years
3. Competitive loan rates
4. Motor Vehicle insurance coverage available.
5. Free Life Savings & Loan Protection Insurance.
6. Loan Protection insurance up to 1,200,000.00
7. Compulsory savings in Insurance Club Account.