Share Secured Loan
No Maximum Amount
Terms & Conditions
A Share Secured Loan is secured or guaranteed by a member’s savings/share account.
Member can qualify for loan if the following requirements are met:
- 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 72 months
- No Application fees
- Instant approval and disbursement upon availability of funds*
*Closing documents must be signed before disbursement
All of the above terms and conditions are subject to change. Some restrictions may apply.
Please note that acceptance of your application does not mean approval of a loan. INCOMPLETE Loan Applications will not be processed. Supporting documents must accompany the application.