Quick cash, across the counter.

The Over-the-Counter (OTC) Unsecured Loan gives members quick access to up to $1,200,000.00 in unsecured cash. Repayment terms of up to 5 years at competitive interest rates.

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Member receiving fast cash from the MCCU Over-the-Counter Loan

Up to $1.2 Million

Maximum loan amount

Up to 5 years

To repay

10% Shares

Share requirement

Competitive

Interest rate

Everyday borrowing

For life’s smaller moments

Not every need calls for a big loan. The OTC Unsecured Loan is there for the everyday: a quick, collateral-free amount you can arrange right at the counter.

No collateral

Borrow a smaller amount without pledging any security.

Fast at the branch

Apply and get a decision over the counter with minimal paperwork.

Everyday amounts

Ideal for bills, repairs, or bridging to your next paycheque.

Clear terms

Transparent member rates with a manageable repayment plan.

At a glance

Requirements and key facts

General loan requirements

Proof of address (not older than 3 months)

Financial Statements (self-employed individuals)

Income Letter (where applicable)

Verification of purpose

ID (Passport, Driver’s Licence or National ID)

Taxpayer’s Registration Number (TRN)

Credit Union passbook

Key facts

10% share requirement

Maximum amount $1,200,000.00

Up to 5 years to repay

Competitive interest rates

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.

Getting started