The following conditions will apply:

• The applicant shall be a member of the Credit Union for at least one (1) year
• The member shall have at least 20% of the amount required in unpledged shares before a first mortgage loan can be granted or 30% for a second mortgage loan
• The maximum loan granted to firs time mortgage applicants are  One Million, Five Hundred Thousand Dollars ($1,500,000.00), In the case of Second time mortgage applicants a maximum of Five Hundred Thousand Dollars ($500,000.00).
• All mortgages are required to be covered by Insurance
• Repayment period for mortgage (Property) should not exceed Twenty-Five years (25yrs).
• BIR number 

Repayment Period:

• 1st Mortgage – 25 years
• 2nd Mortgage – 15 years

*All interest rates are calculated as one percent (1%) on the reducing balance.

*Further information may be required by  Management depending on the particulars of each loan.