We can help you take care of your medical needs when the going gets tough
Medical Loans
BENEFITS
Save Money
Interest rate of 11% per annum on the reducing balance
No loan processing fees
No hidden charges
Medical expenses Loan of $25,000 (New request only)
6.5% per annum on the reducing balance
Peace of Mind
100% financing
Flexible
up to six (6) years to repay
Safe
Up to $150,000 in loan protection coverage at no cost
REQUIREMENTS
A minimum of 5% of the total amount of loan requested
Letter/referral from a medical doctor
Member shares based on the amount of loan
Employed persons–most recent pay-slip or salary statement from your employer
Self-employed persons–recent financial statements of business
Details of security being offered
Your NCCU passbook(s)
A valid photo identification (eg. Social Security card or passport or driver’s licence)
Details of your liabilities and commitments (other loans, hire purchase, household expenses)
If the approved loan is $77,000 and upwards or you are 50 years and older, a medical examination by an approved medical doctor is necessary for loan protection coverage