|
| Loans and Lines of Credit |
 |
 |
 |
 |
 |
Members
interested in Loans are also interested in: |
|
 |
 |
 |
 |
|
LOANS
HEALTHCARE AND MUNICIPAL EMPLOYEES' CREDIT UNION LIMITED offers personal loans for nearly every borrowing need,
with a variety of terms and prepayment options.
You can borrow for home renovations, vacations, new and used
cars and trucks, investments, education expenses, debt consolidation
or personal expenses. Whatever you're borrowing for we're sure
to have a loan to suit your needs. PAYMENTS can be set up to
be payroll deducted, automatically and at no charge. Choose
from weekly, bi-weekly or monthly payments. Payment terms available
for 5 years and in some cases up to 10 years.
Other Features
- Competitive rates on loan life and disability insurances.
- All our personal loans are "open" and can be
paid in full prior to maturity without penalty.
- Competitive interest rates starting at bank prime.
- Same day approvals
- 100% financing available
NEW AND USED CAR AND TRUCK LOANS
Shift your finances into high gear with a credit union car/truck loan
and drive home a bargain.
Speak with our Credit Union lenders today about a Credit Union
car loan preapproval, so that when it comes to negotiating the
price, you'll be in the driver's seat.
CREDIT
UNION STUDENT LOANS
We at HEALTHCARE AND MUNICIPAL EMPLOYEES' CREDIT UNION LIMITED understand
that it can be very difficult for many students (and parents)
to finance a post-secondary education. Costs are sky rocketing
and there doesn't appear to be any relief in sight. Many of
our members have advised us that they usually wind up taking
out loans or re-mortgaging their home in order to provide their
children with the funds required to attend a university or college.
We believe our "Student Loan Program" can provide
the relief you need. Our program is basically an agreement between
the student, parents and the Credit Union. Each full-time student
borrows the money up to $10,000 per year to a maximum of $40,000
over 4 years, guaranteed by his/her parents. Only monthly interest
payments are required until the student is finished school,
and best of all you receive the Credit Union's lowest personal
loan rate for the whole 4 years, plus up to an extra year afterwards.
Talk to one of our Loan Officers to find out more about the
Student Loan Program.
FULLY SECURED
LOANS
These loans enable you to use your Credit Union savings or other
nonregistered investments as collateral, so you borrow at lower
interest rates and with no requirement for credit approval.
Use savings account balances, GIC's or even Canada Savings Bonds.
LINES OF CREDIT
Personal Line of Credit
This pre-approved, revolving line of credit limit allows you
to borrow whenever the need arises.
As little as $1.00 per advance, or larger amounts, up to your
pre-approved limit. A personal line of credit is ideal for:
- Credit card Consolidations
- Chequing account overdraft protection
- Tax payments
- RRSP contributions
- Emergency expenses
- Vacations
- Special "Quick" purchases
- Limits available up to $50,000.00
MERITLINE™
HOME EQUITY Line of Credit Loan
Meritline home equity loans are being discovered by more and
more of our members as a sound financial resource. Home equity
loans are being used to remodel homes, build additions, buy
cars and boats, install central air and even for financing the
cost of higher education. In short MERITLINE™ loans can be used
for virtually any worth while purpose.
Special Offer - Meritline for $299.00..................
Here are some of the features of the MERITLINE™ Home Equity Line
of Credit
* You can borrow up to 75% of the appraised value of your house
less any existing mortgages. As an example, if your house was
valued at $200,000, but you already have a $100,000 first mortgage,
you could qualify for a $50,000 Meritline
- 200,000 x 75 %
- 150,000 (loanable amount)
- 100,000 (existing mortgage)
- 50,000 (available Meritline limit)
- No lawyers required. All the work is done right in our
offices
- You pay only $299.00, plus any discharges that may be
required (taxes included) THAT'S IT!! A ONE TIME SET UP
FEE. We pay for everything else.
- Life Insurance available which protects your family or
estate with very low priced monthly premiums based only
on the outstanding monthly balance of your MERITLINE™.
- Rates as low a 4.75
|
|
|
|
|
 |
| Prime |
4.75 |
| Loans From |
6.75% |
| Lines of Credit From |
Prime |
| Mortgages From |
4.75% |
| Savings Accounts up to |
2.00% |
| GIC's up to |
3.00% |
|
|
Home
Site
Map
FAQ's 
