AECU Consolidation Loan


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
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