The Education Loan provides financial assistance to members or their children who are pursuing a course of study at a tertiary institution to cover the cost of tuition only. Members can use motor vehicle, real estate and cash as security.
The proceeds of the loan will be paid directly to the Educational Institution and in this regard, the Credit Union will make the necessary arrangements to provide manager’s cheques and / or foreign exchange – the cost of which are to be absorbed by the member. 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.
Processing fee applicable
* Conditions apply.