Debt Consolidation Loan

Terms

• Minimum contribution towards Shares – $250.00
• Direct salary Deduction
• Member must be permanently employed
• Standing Order (member should provide 6mths bank statement)
• Settlement of 1 Credit Card
• Settlement of existing loans with other Credit Unions or financial institutions
• Consolidation of two or more loans with TATECO (POS) Credit Union
• No other types of loans can be entertained within 12 mths

Maximum loan amount & repayment period

• Maximum amount $100,000.00
• Repayment as per amortization schedule

Debt service ratio

45%