Our Loans

From mortgages to quick cash, MCCU offers 15 different loan types to meet your financial needs.

General Loan Requirements
All loan applicants must meet these basic requirements:
Must be a member of MCCU
Necessary shares as per policy
Valid picture identification
Good lending history with the credit union
Income verification (salary slips or financial statements)
Completed External Credit Reports (available in Forms & Reports section)

Note: Specific loan types may have additional requirements. All loans are subject to MCCU's lending policy and approval process.

Showing 15 of 15 loans
Cash Secured Loan
Secured
Personal
Interest Rate:5%
Max Amount:Based on savings balance
Max Term:10 years

Borrow against your savings with our lowest rate.

Interest charged on reducing balance

Mortgage Loan
Home/Real Estate
Secured
Interest Rate:5.80%
Max Amount:XCD 1,000,000.00
Max Term:35 years

Low interest rate home financing to help you own your dream home.

Interest charged on reducing balance

Agriculture Loan
Agriculture
Business
Interest Rate:7.5%
Max Amount:XCD 250,000.00
Max Term:15 years

Special financing to support farming and fishing ventures.

Interest charged on reducing balance

Small Business Loan
Business
Interest Rate:8.80%
Max Amount:XCD 150,000.00
Max Term:10 years

Support your small business growth and operations.

Interest charged on reducing balance

Vehicle Loan
Vehicle
Personal
Interest Rate:10%
Max Amount:XCD 150,000.00
Max Term:5 years

Finance your new or used vehicle with competitive rates.

Interest charged on reducing balance

Education Loan
Education
Personal
Interest Rate:10%
Max Amount:XCD 150,000.00
Max Term:5 years

Invest in your future with our education financing options.

Interest charged on reducing balance

Debt Consolidation Loan
Personal
Interest Rate:10%
Max Amount:XCD 500,000.00
Max Term:35 years

Simplify your finances by consolidating multiple debts into one payment.

Interest charged on reducing balance

Domestic Personal Loan
Personal
Interest Rate:10%
Max Amount:XCD 50,000.00
Max Term:10 years

Flexible financing for your personal needs and projects.

Interest charged on reducing balance

Land Purchase Loan
Home/Real Estate
Secured
Interest Rate:10%
Max Amount:XCD 100,000.00
Max Term:20 years

Finance your land acquisition for future development.

Interest charged on reducing balance

Commercial Business Loan
Business
Interest Rate:10%
Max Amount:XCD 1,000,000.00
Max Term:10 years

Large-scale financing for established commercial operations.

Interest charged on reducing balance

Travel & Vacation Loan
Travel
Personal
Interest Rate:11%
Max Amount:XCD 50,000.00
Max Term:5 years

Make your travel dreams come true with our vacation financing.

Interest charged on reducing balance

Medical Coverage Loan
Health
Personal
Interest Rate:11%
Max Amount:XCD 100,000.00
Max Term:15 years

Access healthcare when you need it with our medical financing.

Interest charged on reducing balance

Pay Day Advance
Short-Term
Personal
Interest Rate:11%
Max Amount:XCD 1,000.00
Max Term:3 months

Quick short-term financing until your next payday.

Interest charged on reducing balance

Line of Credit
Short-Term
Personal
Interest Rate:11%
Max Amount:XCD 1,000.00
Max Term:12 months

Flexible revolving credit for ongoing needs.

Interest charged on reducing balance

Ezee Cash
Short-Term
Personal
Interest Rate:20%
Max Amount:XCD 5,000.00
Max Term:18 months

Unsecured quick cash loan with no security required.

Interest charged on reducing balance

Loan Comparison Table
Compare all our loan options at a glance
Loan TypeRateMax AmountMax TermCategoriesAction
Cash Secured Loan5%Based on savings balance10 years
Secured
Personal
Mortgage Loan5.80%XCD 1,000,000.0035 years
Home/Real Estate
Secured
Agriculture Loan7.5%XCD 250,000.0015 years
Agriculture
Business
Small Business Loan8.80%XCD 150,000.0010 years
Business
Vehicle Loan10%XCD 150,000.005 years
Vehicle
Personal
Education Loan10%XCD 150,000.005 years
Education
Personal
Debt Consolidation Loan10%XCD 500,000.0035 years
Personal
Domestic Personal Loan10%XCD 50,000.0010 years
Personal
Land Purchase Loan10%XCD 100,000.0020 years
Home/Real Estate
Secured
Commercial Business Loan10%XCD 1,000,000.0010 years
Business
Travel & Vacation Loan11%XCD 50,000.005 years
Travel
Personal
Medical Coverage Loan11%XCD 100,000.0015 years
Health
Personal
Pay Day Advance11%XCD 1,000.003 months
Short-Term
Personal
Line of Credit11%XCD 1,000.0012 months
Short-Term
Personal
Ezee Cash20%XCD 5,000.0018 months
Short-Term
Personal

Ready to Apply?

Contact us today to discuss your loan options and start your application.