LOANS
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VEHICLE LOANS
Are you planning on purchasing a new or pre-owned vehicle? CECU has the most competitive rates in the market to help you finance your vehicle.
Requirements
New Vehicle
- 10% downpayment on shares
- Proforma invoice from the car dealership
- Insurance quote –Fully Comprehensive (insurance must be assigned to CECU)
- BIR#
RORO Vehicle
- 25% downpayment on shares
- Valuation report, no older than one (1) month
- Proforma invoice
- Insurance quotation (insurance must be assigned to CECU)
- Vehicle must not be older than 4 years
Local Used Vehicle
- 20% downpayment on shares
- Sale agreement and certified copy
- Proforma invoice
- Valuation report, no older than one (1) month
- Insurance quotation (insurance must be assigned to CECU)
- Vehicle must not be older than 4 years
PERSONAL LOANS
CECU’s personal loans are designed to help you with your short-term financial goals. You can take a personal loan to invest, pay bills, home improvement, financing your wedding or your education. Our personal loans are for anything and everything you need financing for with NO PROCESSING FEES and NO PENALTIES!Loan Requirements
- Two forms of valid ID
- Utility Bill or Bank Statement (no older than 3 months)
- Proof of employment and Income (job letter no older than 3 months and payslip, no older than 1 month)
- Supporting document for the purpose of the loan
- Required share balance
MORTGAGE / HOME EQUITY
Owning your own home is one of the greatest accomplishments in life, and CECU is here to help you make that dream a reality. We offer two types of mortgages – purchase of land and purchase of property.Mortgage Loan Requirements
- Purchase of land - 15% downpayment on shares
- Purchase of property - 10% downpayment on shares
- Two forms of valid ID
- Utility Bill or Bank Statement (no older than 3 months)
- Proof of employment and Income (job letter no older than 3 months and payslip, no older than 1 month) - see more
- Proof of additional income (where applicable)
