We can lend you money with a Personal Loan so that you can buy many things such as a car, a boat, a TV, furniture or maybe a washing machine.
A Personal Loan allows you to access a certain amount of money without having to save the whole amount first. You then repay the loan amount plus interest over a fixed period of time.
• Personal Loans can only be used to buy goods from a third party (a shop or a car yard for example).
• Personal Loans will normally be limited to a maximum of $5,000.
• The maximum term of a loan will normally be 2 years.
• Your pay must go into your TCU account and you must save regularly for three months before being considered for a loan. Depending on the amount you want to borrow, you must save 10% of the loan amount. This means you will need to establish a savings history.
Refer to our Terms and Conditions – Personal Loans brochure and Interest Fees and Charges Brochure – Personal Loans for full details.
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