TERMS & CONDITIONS
A Share Certificate Loan is secured or guaranteed by a member’s share certificate deposit.
Members are eligible to apply for the loan if the following requirements are met:
- Funds can be borrowed against yours or guarantors Shares Certificate of Deposit.
- Shares continue to earn dividends.
- Interest rate is fixed and at dividend + 2%.
- Term is up to the remaining term of the Certificate of Deposit.
- No Application fees.
*Closing documents must be signed before disbursement.
All of the above terms and conditions are subject to change. Some restrictions may apply.
GETTING STARTED
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.
