Collateral Loan

A secured loan enables you to borrow money using collateral such as your home, motor vehicles and assets as security against the repayments.

Features

Loan grants of up to 70% of the value of the secured assets
Maximum repayment period is 36 months
The maximum loan amount depends on value of security, level of savings deposits and ability to pay
Competitive interest rate that are ﬁxed after application
Easy application process and speedy decision.
Security options to include member and guarantors’ deposits, homes, motor vehicles and assets which are being financed
Full Credit Union membership of at least six months and evidence of ability to pay