Christmas Loan

Brighten up your Christmas with a Christmas Loan from Antilles Credit Union. Christmas Loans are available to eligible members of the Society to meet their miscellaneous expenses during the Christmas season. The Member’s Shares will be used as collateral. Christmas Loan limits are subject to approval by the Credit Committee.

Christmas Loan Requirements:

• Ability to repay
• Applicant must be a member of the Society for at least three (3) months
• Security/Collateral – unpledged Shares, Deposits, Special Shares, Co-maker
• Maximum borrow – up to $10,000.00 
• Interest on Christmas Loans – 1% on the reducing balance 
• No deduction increase, once loan can be repaid in full within the repayment period
• Maximum repayment period – twelve (12) months

Christmas 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)