50/50 Loan Offer
REQUIREMENTS
- Loan Application Form
- Lein Form
- Consent Form
MAIN FEATURE OF THE PRODUCT
Minimum Amount: $100,000 ($50,000 deposit)
Maximum Amount: $2,000,000 ($1,000,000)
Period: 60 months
Rate: 13.75%
Share Requirement: No Share Requirement
Commitment Fee: 2% of loan amount plus tax (Minimum $5,000)
Compulsory Savings: $4,000
TERMS AND CONDITIONS
- Loans will be processed and disbursed within 48 hours.
- Members can have more than one 50/50 loan at given time during the promotion. However, the maximum should not exceed $2 million dollars.
- Loan cannot be used to repay a loan of a higher interest rate.