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no you'll have no problem and u may even get in d same day. for ur first loan in ur credit union u can bollow 2.5 times the amount of savings you have
Every credit union is independent, and has their own rules for loan approval. The same rules do not apply all over the country.for ur first loan in ur credit union u can borrow 2.5 times the amount of savings you have
That’s a large amount of interest the CU would be earning over the 10 years.A new post might have been better considering this one is 14 years old !
I would think unless you had hefty savings with them that there is almost no chance of such a large loan with your income.
A 50k loan over 10 years at my local credit union is €145/week repayment . That's €7,500 a year. Making it a huge chunk (around 40% of your pay).
That's a large amount of loan principal the credit union could lose by engaging in reckless lending.That’s a large amount of interest the CU would be earning over the 10 years.
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