Diverse Loan Portfolio
Our loan portfolio is diverse in the sense that members from different sectors can apply for loans to cater for their specific needs. These include the Residential Mortgages, Commercial or Business Loans, Special Programme Loans, Student Loans & Personal/Consumer Loans.
Basic Requirements to Present for a Loan Appointment
Any of the following may be required:
a) Social Security or Passport
b) Current Utility Bill -within 3 months (Original or Electronic Copy) – If the bill is not in your name, you must submit a verification of Address form (forms available in office) or submit a letter signed by the bill holder along with the original utility bill and his/her Identification.
c) Estimate – document reflecting estimated amount of cost member will acquire for which the loan is needed
d) Employment letter/Letter from respective association
e) If Self employed/Business Person: Original business license, registration, permit, certificate, etc. whichever apply
f) Other Source of Income- supporting document for proof of income example. Reference letter, if applicable.
Note: Additional documents may be requested after initial loan appointment for the application process. The types of documents depend on the specific type of loan member are requesting.
Loan within Shares
A loan-within-shares is a loan pledged by shares account. These loans allow members to borrow the same amount of shares instead of withdrawing the funds and also include monthly loan payments catered to members’ affordability. These specific loans provide a same-day loan disbursement.