Personal Loans - What you need to know about borrowing from the Co-op

UNSECURED PERSONAL LOANS

You can borrow an unsecured personal loan to fund all kinds of items such as household goods (eg computer, fridge), travel, wedding expenses, consolidating debts.

Key points:

• Maximum loan amount for an individual borrower - $1500 for first loan
• No minimum loan amount

For current interest rates please contact us.

• Maximum term of loan - 7 years
• Early repayments – yes, anytime, no penalty fee

You must be an active co-op member for 3 months before you can apply.
You must meet the co-op’s lending criteria which are based on your capacity to repay, and your loan history if you have one

HOW DO I APPLY?

Collect an Application Form from the co-op.