Debt Consolidation Loans
Burdened by high interest rates and many loan repayments? Let NCCU consolidate ALL your debts. COME TALK TO US!


Save Money!!!

  • Low, low interest rate of 11% per annum on the reducing balance for general debt consolidation, 12% per annum on the reducing balance for hire purchase & credit card consolidation. 7% For home loans, 8.25% For vehicle with home.
  • No loan processing fees. No hidden charges. 

Peace of Mind

  • One loan to repay at a lower interest rate.


  • Up to five (5) years to repay for ordinary consolidations
  • Repayment can be extended to 10 years to facilitate applications for a home or medical loan. 
  •  Members with mortgages can qualify for 10+ years for consolidation of other debts.


  • Up to $150,000 in loan protection coverage is offered at no cost to you. 


To apply call (255-2128) for an appointment with a Loans Officer or come in to our Loans Department and talk to our caring and helpful staff.

Items needed:

  • A minimum of 5% of the total amount of the loan requested. 
  • Statements, invoices and letters from creditors with the amount owed. Amounts in excess of $5000 owed to a single creditor should be notarized.
  • Employed persons--most recent pay-slip or salary statement from your employer.
  • Self-employed persons-- recent financial statements of business.  
  • Member Shares based on the amount of loan.
  • Details of security being offered.
  • Your NCCU passbook(s) and a photo identification (eg. Social Security card, passport) 
  • Details of your liabilities and commitments (other loans, hire purchase, household expenses) for the application.
  • If the approved loan is $77,000 and upwards or you are 50 years and older, a medical examination by an approved medical doctor is necessary for loan protection insurance coverage.
  • For larger consolidations (eg. mortgage). Other supporting documents maybe needed. 
  • Member Shares/Loans click here!


All loans are subject to NCCU’s Loan Policies and approval procedures

To find out details on what can be used as security click here.