Plan before you borrow
See exactly what a loan costs
Pick a product, set the amount and period, and we will show your instalment, total interest and the amount that lands in your hands after charges.
of your deposits
guarantors
membership first
Estimated instalment
Apply in the member portal
·
Total interest
Total repayable
Processing & insurance
You receive
Estimates only. Your final offer depends on your deposits, repayment capacity, guarantors and credit committee approval.
Reading your estimate
A few things that change the numbers
- Interest method. On a reducing balance, each instalment pays down principal so interest falls every month. A flat rate charges the same interest on the full amount throughout.
- Charges come off the top. Processing and insurance are deducted at disbursement, so you receive slightly less than the amount you borrow.
- Your deposits set the ceiling. The amount you qualify for depends on your deposits, existing loans, guarantors and repayment capacity.
- The one-third rule. For salaried members, total deductions should leave at least a third of your salary as take-home pay.
1. Sign in to the portalYour live limit is calculated from your own deposits
2. Add your guarantorsThey confirm from their own portal
3. Track approvalAppraisal, approval and disbursement — step by step