This loan can be used for any purpose. Have a shares account at the Credit Union and you can borrow up to 95% of your savings. Additionally, funds available at other financial institutions can be used as security for a cash secured loan.
Features&Benefits
- Borrow up to 95% of your Savings
- Enjoy a low interest rate on the reducing balance
- Approval of Loan within 24 hours
- Hassle free
- No service charge
- Loan available for any purpose
- Free Life Savings&Loan Protection Insurance.
- Earn interest on your savings while it is held as security for the loan
Please Note: The details of this loan are subject to change without prior notice.
Requirements For Loan Application
- Job Letter
- Last three (3) months payslips
- Financial Statements (self-employed individuals)
- Verification of purpose
- Id (Passport, Drivers Licence or National ID)
- Taxpayers Registration Number (TRN)
- Credit Union passbook
- Valuation Report
- Motor Vehicle Title, Fitness&Registration/ C87
- Quotation of Comprehensive Insurance
- Registered Title
- Surveyors Id Report
- Certificate of Payment of Taxes
- Character Reference
- Credit Reference
- Guarantor(s)
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