The Small Business Loan was established by the Manchester Credit Union to foster and support the spirit of entrepreneurship among its members.

  1. 10% Share Requirement
  2. Up to 18 months to repay
  3. Flexible Repayment Cycle ( weekly, fortnightly or monthly)
  4. Affordable interest rates
  5. Maximum loan amount per member  $100,000.00  
  6. Purpose: Any business related activities
  7. Up to three (3) members may be granted separate loans towards the same project

Conditions apply

Requirements For All Loan Application

-Job Letter
-Last three (3) month’s payslips
-Financial Statements (self-employed individuals)
-Verification of purpose
-Id (Passport, Driver’s Licence or National ID)
-Taxpayer’s Registration Number (TRN)
-Credit Union passbook

You may need one or more of the following depending on the type of loan being applied for

-Valuation Report
-Motor Vehicle Title, Fitness & Registration/ C87
-Quotation of Comprehensive Insurance
-Registered Title
-Surveyor’s Id Report
-Certificate of Payment of Taxes
-Character Reference
-Credit Reference
-Guarantor(s)

Disclaimer: The terms and conditions of the products are subject to change from time to time. Please confirm the current terms and conditions with a Member Service Representative.