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.