50/50 Loan Offer
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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

  1. Loans will be processed and disbursed within 48 hours.
  2. Members can have more than one 50/50 loan at given time during the promotion. However, the maximum should not exceed $2 million dollars.
  3. Loan cannot be used to repay a loan of a higher interest rate.
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