Borough Loan

Borrow to enjoy your Borough! Loans are available to eligible members of the Society. A Personal/Character Loan can be given for any purpose and is based primarily on the character and integrity of the Member. The Member’s Shares are usually used as collateral. Maximum Loan limits will be established by the Board of Directors from time to time.

Borough Loan Requirements:

• Applicant must be a member of the Society for at least six (6) months
• Interest on Personal/Character Loans – 1% on the reducing balance 
• Maximum borrow – up to $5,000.00 
• Maximum repayment period – four (4) years

Borough Loan Criteria:

• A valid form 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)