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Faq

Here is a list of common questions that our clients ask us. If you need more information don’t hesitate to get in touch with us.

As a retiree with a personal loan, can I refinance my loan?

Yes. You can refinance your existing loan if your balance has been reduced to at least 50% or less of the original loan amount.

What is the maximum loan amount can I for apply to purchase land?

The maximum loan amount for land purchase is $50,000.00.

If I am eligible for a personal loan will a credit check be conducted?

Applications from active members do not require a credit check. However, credit check are required for applications from retirees.

How are the payments for the loan made?

Loan payments are deducted on a biweekly basis from your wages after taxes. Loan payments for retirees are deducted from their semi-monthly annuity earnings after taxes.

What will happen if I quit my job?

Once employment is terminated with the government, all outstanding balances become due and owing at that time. If no payment is made after 60 days of delinquency, the total outstanding loan amount plus interest will be deducted from your contributions.

Do You Have Any Questions?

Disclaimer

Information used and displayed is provided for information purposes only and does not constitute a legal contract between the websites admin and any person or entity unless otherwise specified. information is subject to change without prior notice. although every reasonable effort is made to present current and accurate information, design n rank inc makes no guarantees of any kind.