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Personal Loan FAQs

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Do I have to be a member to take out a loan?

The Credit Union is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Therefore you must be a member of the credit union to have a loan. Learn more about becoming a member. ^

How much can I borrow?

The actual amount you can borrow is determined by your ability to meet the repayments of the loan. Want to calculate how much you can could borrow? Use our Borrowing Power Calculator. ^

How do I make repayments on the loan?

You can arrange to make your loan repayments either by payroll deduction, direct debit from your savings or transaction account, Internet or telephone banking transfer or at our branch. ^

How often will I receive information on my account?

Statements are produced six monthly or more frequently on request. Duplicate statements can be requested at any time from our office.
Account information is also available through our Internet and Phone banking services. ^

What happens if I get sick, have an accident or lose my job?

The best way to obtain peace of mind that your repayment obligations will be met in the case of accident, illness or involuntary unemployment is to take out insurance. Learn more about our Loan Protection Insurance. ^

Additional Information