CONSUMER LOANS
Consumer loans, also known as personal loans, are used to finance a variety of
purchases, almost all major acquisitions except the purchase of a home. You may apply
for a consumer loan, for example to pay for a stove, a car, a boat, new clothes, a vacation
or any addition to your home.
LINE OF CREDIT
Establish a Line of Credit with Shaunavon Credit Union and assure yourself of ready cash when you need it. A Line of Credit is an ongoing loan with one-time approval and is attached to your existing chequing account.
A Line Of Credit guarantees you:
Instant Cash - You borrow by simply writing a cheque or by using your Member Card through ATM's or by using your Gobal Payment card.
Substantially lower rates than retail credit cards.
Convenience - cash when you need it.
Protection - against over-drawing your account or returned cheques for inadequate funds
QUICK LOANS
A Shaunavon Credit Union "Quick Loan" is a type of revolving credit that you can access, without having to complete a new application and documentation. The loan is established with a maximum credit that may fluctuate up and down over the term of the loan and requires regular monthly payments.
RRSP LOANS
- Loans at the Prime Interest Rate + 1/4% available for the purchase of credit union RRSP's, mutual funds and investments.
- RRSP loans are available to allow for topping up unused RRSP contribution room.
- Repayment terms of up to 10 years is available.
STUDENT LOANS
- Loans for up to $7,500/year available to assist in funding education expenses
- Preferred interest rate of Prime + 1/4% while in school
- Interest only payments while the student is attending post-secondary education.
In order to serve you better, Canada Student Loans will be administered directly from the
Government of Canada through the National Student Loans Service Centre instead of
through credit unions, banks and caisses popularies.
For general information about financing your education or to find out how to apply for a
student loan please visit the Canada Student Loans
website:www.canlearn.ca/English/csl/index.cfm .
LOANS CALCULATOR
Calculate the principal and interest amount required to pay off
a loan at a specified interest rate and period of time such as an automobile loan.
Click here for the loan calculator.
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