Repayment Capacity: Its important to show that you have the ability to pay back the money you borrow. One of the primary considerations for the Credit Union is whether you have sufficient money to repay your loan after you have paid all your existing monthly outgoings. 


Importance of Saving: Having a track record of savings demonstrates to what extent you have the capacity to repay a loan and can be a very important factor in your loan application. 


Good Account Management: Showing us your banking statements, gives us a picture of your track record in managing your financial affairs. There are many factors that will be considered in the approval of a loan application. It is never one thing alone that determines the outcome. The decision is made by looking at all details of your application, in order to protect you as a member and us as a Credit Union. 
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