The Educational Loan provides financial assistance to members or their children who are pursuing a course of study at a tertiary or vocational institution. Members can use motor vehicle, real estate and cash as security. Our flexible educational loan facility will relieve you of your financial burden leaving you free to focus on your future.
Requirements for loan applicants are as follows:
- Acceptance letter from the institution of choice.
- Proof of income.
- Documentation to confirm cost of study and payment plan.
Where the member makes payment directly to the institution, he/she is required to provide proof to the Credit Union, and in that event, the Credit Union will make payment to the member.