PCU Welcome Loan

Start building your credit history with an easy to access, affordable loan facility designed for new and inactive members.

Invest your hard earned Back Pay into your Share Account and earn great returns on dividends PLUS get an instant loan up to TWICE your new share balance.  This targets ALL member who have received back pay from negotiated wage agreements/settlements.

Get a maximum of $100,000.00 with your Back pay

  • Members must have at least 6 months membership
  • Minimum Share capital of $1,000.00
  • Proof of receipt of Back pay

**Members would not be allowed to liquidate (from shares) this loan less than 6 months from the date of first payment

Maximum Loan Amount: $100,000.00
Repayment Period: 60 Months
Interest Rate: 9% Per Annum / 0.75% Per Month on the reducing balance

The PCU Welcome Loan is an introductory loan facility which allows new and inactive members the opportunity to build or rebuild a positive credit history or secure immediate access to funds in instances where the loan required is above the ceiling of a fully secured loan as determined by share deposits. The PCU Welcome Loan can be used for savings/investments, business financing, personal development, travel, wellness, the purchase of items at PCU Plus etc.

Maximum Loan Amount: $25,000.00
Repayment Period: 36 Months
Interest Rate: With payroll deduction (10%)
Non payroll deduction (12%)

Share Requirements:

With Payroll Deduction

Unencumbered Shares Required Loan Qualification
≥ $500.00 $5,000.00
≥ $1,250.00 $12,500.00
≥ $2,500.00 $25,000.00

Non Payroll Deduction

Unencumbered Shares Required Loan Qualification
≥ $750.00 $5,000.00
≥ $1,250.00 $7,500.00
≥ $2,500.00 $15,000.00

CALL: 1-868-612-4728