AECU Consolidation Loan

Consolidate your monthly instalments for your Antilles loans into one easy affordable payment to save money and simplify your life.

AECU Consolidation Loan Requirements:

• Applicant must be a member of the Society for six (6) months
• Approval on a case by case basis on recommendation from the Credit Committee
• Security/Collateral – 10% of value of consolidated loan in unpledged Shares
• Repayment via Standing Order/Salary Deduction
• Interest on Consolidation Loans – 10.5% on the reducing balance annually
• Maximum repayment period – twenty (20) years

AECU Consolidation Loan Criteria:

• Two (2) valid forms of Identification (National Identification Card, Driver’s Permit or Passport)
• Recent Utility Bill – no older than 3 months
• Evidence of income – Pay slip as per last paid OR recent Job Letter (addressed to Antilles Employees’ Credit Union and dated not older than 1 month)
• Supporting documentation specific to the purpose of the loan may be required to complete the application
• BIR number