Your August is about to get Awesome at Ariza!

From June 15th to September 30th we’re giving our members loans up to the value $25,000.00.

Now you can graduate, celebrate, rejuvenate, send your kids through the school gate looking

AWESOME!

So whether you’re prepping for your graduation ceremony, planning a memorable family getaway or gearing up for an unforgettable summer, here’s more information on how you can apply and get your loan in just five working days!

How to Access Your Awesome August Loan

If you’re an existing member, be sure to review the eligibility requirements below. Not an Ariza Credit Union member? Access your Awesome August loan by pre-registering to become a member here or visiting your nearest Ariza branch.

Eligibility and Terms and Conditions

Maximum Repayment Amount:

$450.00 monthly up to a maximum period of seven (7) years

 Requirements:

200.  S0: $200.00
201. Combined Equity and Lifetime Savings: 20% of the requested amount in Unencumbered shares of which $200 must be in the S1 account for loans $10,000 or less and $500-1,000 minimum.

Special Conditions:

1.      Six Months borrowing rule:        

Waiver of the six months membership rule for borrowing

1.  If the applicant is short of the 20% defined in (10) above the required amount would be deducted from the disbursement and added to the Shares

iii.    Subscription to IDC & Mobile & Online Account  Access

Disbursement:

1.     All loan applicants will be required to have an IDC card.
2.     Proceeds of the loan to be deposited to savings

iii.    All applicants must sign up for mobile and online banking

Eligibility Requirements:

1.   Repayment by Salary assignment/deduction (Waiver of salary deduction requirement to be done on a case-by-case basis on the approval by Executive Management
2.   Must submit most recent payslip, that is, the last two pay slips and Job Letter

iii.    Must be in good financial standing

1.  Two years in current job