Fact Sheet

Target Group: New/Existing Members
  • Interest Rate applicable to the loan is 1% per month on the reducing balance method.
  • Existing members - 10% of request on Shares (unencumbered) or an additional 10% of request will be deducted from proceeds of loan to be deposited on shares.
  • New members must have a minimum of $2,000.00 to qualify for this loan.
  • Request of
No Amount Shares In Hand Installment Increase for
New/existing members
Maximum Term Month
1 $13,000.00 $6,000.00 $7,000.00 $250.00 84
2 $23,000.00 $11,000.00 $12,000.00 $400.00 84
3 $33,000.00 $16,000.00 $17,000.00 $550.00 84

1. This loan will cover all expenses from Carnival to Easter such as:

  • Gifts
  • Household Expenses
  • Investment
  • Travel
  • Miscellaneous Expenses

2. Loan will be for a maximum period of 84 months.

2. Member must provide supporting documents where possible.

3. Member must provide supporting documents where possible.

4. Member should be encouraged to take loan to cover all expenses.

5. The member must save a minimal of $100.00 monthly on shares.

6. The member is not eligible for any loans until fifty (50%) of his indebtedness is either repaid or the existing debt is within shares.

7. Special conditions apply. No withdrawal of shares until fifty percent of the total loan repaid.

8. Normal lending criteria applies.

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For More Information, Email us at info@twcu.co.tt or Call us +1(868)623-4444