| Loan Amount: |
$ 50,000 Maximum |
| Loan Term: |
60 Months |
| Interest Rate: |
6.99 % |
| Qualified Products: |
New Equipment |
| Loan Collateral: |
First Lien on Equipment |
Applicant Criteria to be Eligible for Loan
- Applicant must be a member of Nizari Credit Union
- Applicant must have a savings account with a balance of $100 USD
- Applicant must be of legal age in order to enter into a contractual agreement
- Applicant must be a U.S. Citizen or possess legal status
- Applicant must have a valid State issued I.D. Card and Social Security Number
- Applicant must be a business owner with annual income in excess of the loan amount
- Applicant must have at least 2 years of credit history
- Applicant must be current in the their loan obligations to Nizari
Loan Guarantor Criteria
There is no guarantor requirement for an Equipment Loan - However in the event that the Credit Committee requires a guarantor then the applicant needs to provide the same based on the following:
- Guarantor must be of legal age in order to enter into a contractual agreement
- Guarantor must permanently reside in the U.S.A.
- Guarantor must provide a copy of their ID/DL / Green Card
- Guarantor must be current in their loan obligations to Nizari
- Guarantor must be a member of Nizari Credit Union
** Guarantors meeting the above requirements do not automatically qualify as a guarantor - that decision is at the discretion of the credit committee.
All the above terms and conditions are subject to change. Some restrictions may apply.
Download Personal Loan Application
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