Christmas Loan
The KCCU Christmas loan product would be made available to members during the period October 17– January 31.
Kindly note the product details.
| Product Name | CASHMAS |
|---|---|
| Loan Range | $3,000 - $20,000 |
| Interest Rate | 9.0% reducing balance (less than 1% per month) |
| Repayment Period | Maximum 48 months |
| Fees | $100.00 |
| Compulsory savings | $50.00- $100.00 range monthly |
- Open to new members
- No payment until January of next year- New Loans only
Top-Up Feature
- A TOP-UP feature is available to existing members with any Christmas Loan prior
- These loans are not subject to any repayment waivers
- Loans granted on top ups should not exceed a full loan value of $25,000.00
- Repayment period should not exceed 48 months
Qualifiers
- Membership
- Employment > 2 years
- Direct Deduction from a reputable company with an existing deduction history
- Documents - Job letter and/or pay slip, verification of purpose (where applicable) such as invoices and estimates
- Credit Checks
KCCU terms and conditions do apply.
