The New Brunswick Credit Union Student Loan (Line of Credit) Program has been developed for the further education of our members' children.
The following conditions apply to this loan:
full-time undergraduate student at
recognized post-secondary institution.
|Amount >>||Up to $6,500/year to a total of $26,000.|
Loans are renewed annually, verification
of student enrollment is required.
Fixed: Adjusted Annually on August 1
Variable: Changes with to prime rate
As a full-time student, only interest
is required to be paid monthly.
When eligibility ceases, blended
interest and principal payments
must startwithin 6 months.
Amortization: Up to 10 years
Qualified co-signor required, and
proof of full-time school registration
and confirmation of income.