BENEFITS

Save Money

• Affordable interest rates of calculated on the reducing balance
• No loan processing fees
• No hidden charges

Peace of Mind

• One loan to repay at a lower interest rate

Flexible

• Up to five (5) years to repay for ordinary consolidations
• Repayment can be extended to 10 years to facilitate applications for a home or medical loan
• Members with mortgages can qualify for 10+ years for consolidation of other debts

Safe

• Up to $150,000 in loan protection coverage is offered at no cost to you

REQUIREMENTS

• A minimum of 5% of the total amount of the loan requested.
• Statements, invoices and letters from creditors with the amount owed
• Employed persons — most recent pay-slip or salary statement from your employer
• Self-employed persons — recent financial statements of the business
• Shares based on the amount of loan
• Details of security being offered
• Your NCCU passbook(s)
• A valid photo identification (eg. Social Security card, passport)
• Details of your liabilities and commitments (other loans, hire purchase, household expenses)
• If the approved loan is $77,000 and upwards or you are 50 years and older, a medical examination by an approved medical doctor is necessary for loan protection insurance coverage