Loans


Share Secured Loan

Definition:
A share secured loan is a loan that is secured or guaranteed by a member’s savings/share account.
Amount: No Maximum Amount

Terms & Conditions:

  • Funds can be borrowed against yours or guarantors Shares account
  • As the loan gets paid off, more shares become available to you
  • Shares continue to earn dividends
  • Interest rate is fixed and as low as dividend + 2%
  • Term up to 10 years
  • No Application fees
  • Instant approval and disbursement upon availability of funds*

*Closing documents must be signed before disbursement


INCOMPLETE Applications will not be processed

All the above terms and conditions are subject to change. Some restrictions may apply.

Download Share Secured Loan Application

 




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"APY" refers to Annual Percentage Yield
"APR" refers to Annual Percentage Rate

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