Application for a Personal Surety Loan Form

Declaration:

Please enter in months

Terms & Conditions:

  1. Applications must, if required, be in attendance at the Committee Meeting at which their applications are considered.
  2. A member shall be eligible to apply for a Personal Surety loan up to the actual amount of the total of his paid-up Share Capital and Term Deposits.
  3. Personal Surety loan shall ordinarily be repayable in not more than 60 monthly installments commencing from the month the loan is granted provided that the Loan Committee may in exceptional cases approve repayment over a longer period depending in the amount borrowed.
  4. Should a member cancel/withdraw his loan application after it has been processed and approved, an administrative fee not exceeding $50 shall be imposed on the applicant.