A Home Loan corresponds to the financing provided to the member for all home improvements.
You must present receipts or proof that the loan is for that purpose.
The annual interest rate is 12%.
Commercial and Fair
A Commercial and Fair loan corresponds to the financing provided to the member for all types of purchases made in affiliated stores and fairs organized by the association.
It has an annual interest rate of 17%.
A Quick Money loan is a salary advance provided to the associate as an emergency loan.
The maximum amount corresponds to ¢50,000.00 which is deducted to a fortnight.
A personal loan is one in which the member has as maximum amount to request what he/she has available.
This loan can be made for a maximum term of 240 fortnights (equivalent to 10 years).
It has an annual interest rate of 14%.
An education loan corresponds to the financing provided for everything related to studies.
A document or proof of payment from the educational institution must be presented to corroborate that the loan is for this purpose.
This loan can be made for a maximum term of 240 fortnights (equivalent to 10 years). This loan is based on available funds.
It has an annual interest rate of 15%.
A health loan corresponds to the financing provided for everything related to health issues.
A document or proof of payment must be presented to show that it was used for the purchase of medicines, payment of a clinic, etc.
It has an annual interest rate of 12%.
Any member who meets the following requirements may be eligible for credit:
1 To have been a member for at least six months of membership or re-affiliation prior to submitting the trust loan application.
2 Must be up to date in all obligations with the Association.
3 You must have sufficient payment capacity to be able to meet the installments corresponding to the loan.
4 You will be required to pay for life and unemployment insurance which will be included in the loan installment.
5 Submit all the required documentation in a timely manner and comply with all the requirements established in these Regulations, according to the credit line requested, such as:
– Payment slip
– Electric bill to verify address.
– Promissory note
– Photocopy of both sides of the identity card of the applicant and the guarantor.
– To present a guarantor that meets the conditions of the debtor.
– Do not have available credit or have exhausted all avenues of credit.
The solidarity loan corresponds to the financing of $100 with zero interest rate to cover the deductible of the Private Insurance provided by the company.