Characteristics
Collateral / Protection
- Up to 90% of time deposits;
- Up to 90% of unencumbered savings deposits;
- Up to 90% of share capital deposits after deducting the minimum required deposit of $2,000.00
- Unless the member is ready to put up cash as an additional collateral deposit, no other character loan will be accessible to the member who used his/her share capital as collateral for this loan.
Payment Terms and Conditions in which case:
Amortized on a monthly basis;
- Interest is calculated using a decreasing balance.
- Without an extension, the maximum term is 60 months.
