Personal Loans


 

Whatever your need, the BWU Co-operative Credit Union Limited has a solution for you and can assist in achieving your goals.

We provide loans for personal expenses such as:

  • Travel expenses
  • Wedding expenses
  • Funeral expenses
  • Vehicle expenses
  • Furniture purchases
  • Educational purposes
  • Debt Consolidation

Come in today and speak to our Loan Officers to discuss your Personal Loan options. Please see below for requirements.


SECURED DEBT CONSOLIDATION

Borrow up to $150,000 with a minimum deposit of 10% of the amount being requested.

Documents required:

  • Original correspondence from each Creditor showing the amounts outstanding.
  • Security most be provided for loan (Property, land, vehicle etc.)
  • Cheques will be written to the Creditors

UNSECURED DEBT CONSOLIDATION

Borrow up to $30,000 with a minimum deposit of 10% of the amount being requested.

Documents required:

  • Original correspondence from each Creditor showing the amounts outstanding.
  • Cheques will be written to the Creditors

TRAVEL

Borrow up to $10,000 with a minimum deposit of 10% of the amount being requested.

Documents required:

  • A valid Itinerary and/or proof of payment of airfare to the travel company

WEDDINGS or FUNERALS (Unsecured)

Borrow up to $25,000 with a minimum deposit of 10% of the amount being requested.

Documents required:

  • An acceptable Pro Forma Invoice(s) from the provider of the services.
  • One Wedding invitation

WEDDINGS or FUNERALS (Secured)

Borrow up to $50,000.00 with a minimum deposit of 10% of the amount being requested.

Documents required:

  • Acceptable Pro Forma Invoice from Funeral Home

EDUCATION

Borrow up to $150,000 with a minimum deposit of 15% of the amount being requested.

Documents required:

  • Acceptance letter to the College/University
  • Cost of educational training
  • Cost of board and lodging where applicable