As a member of St. Francis Credit Union Limited you are entitled to make a loan application. Loan applications can be made for any purpose such as agricultural, car, educational, home improvements, special occasions such as holidays etc.
How to apply:
- In office with a member of staff
- By Phone
- Proof of Income – 3 recent payslips
- Proof of address – Utility bill or bank statement – dated within the last 3 months
- Additional information on request – i.e. bank statement, proof of purpose etc.
Top up loans:
You can also apply for a top-up on an existing loan at any time; you don’t have to repay one loan in full before applying for another. However, St. Francis Credit Union Limited urges our members to make reasonable repayments before re-applying for top-up loans.
Warning – This new loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.
Loan Application processing time:
Loan applications are considered promptly and in the strictest confidence by either a Loans Officer or the Credit Committee. It is our policy to turn around loan decisions promptly. Our Credit Committee meets each Thursday so loan decisions are generally available by 11am the following day.
Some loan applicants may be called for an interview, which would deal with the decision process.
View our loan calculator to see how reasonable a credit union loan could be.
The cost of your repayments may increase.