KCCU EDUTECH

Product Design

  • Loan range- $3000.00 – $5000.00
  • Interest rate – 9%
  • Repayment Period- 36 months
  • Fees – 100.00 (deducted from proceeds)
  • Share Requirement $50.00 (monthly minimum)

Qualifying Criteria

  • Employment – Two (2) or more years with a reputable company that provides consistent direct deductions
  • The product may also be offered to self-employed members with over-the-counter payments provided that;
    • they have been making consistent and timely monthly payments (Shares & other accounts/loans) for at least 12 consecutive months
    • Have initial Share saving of at least 10% of loan request
    • Are existing members of KCCU
    • do not have an existing moratorium
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