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Personal Loan FAQs

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Do I have to be a member of Endeavour Mutual Bank to take out a loan?

In order to apply for a loan you DO NOT need to be a member. However, as Endeavour Mutual Bank Ltd is a mutual bank, it is owned by its members, each one of whom is a shareholder. You must therefore be a member  to take out the loan. To become a member, please click here and follow the prompts. ^

How much can I borrow?

Would you like to calculate how much you may be able to borrow? Use our Borrowing Power Calculator. ^

How do I make repayments on the loan?

You can arrange to make your loan repayments either by payroll deduction, direct debit from your savings or transaction account, Internet, mobile app or telephone banking transfer, at any of our branches or by a transfer from another financial institution. Learn more about these methods of repayment. ^

How often will I receive information on my account?

Statements are produced at least every six months. Additional or duplicate statements can be requested at anytime from our office. Account information also available through our Internet and Phonelink services. ^

What security is required?

The security required will depend upon your individual circumstances. Examples of the type of security we may require are a mortgage over property and a Bill of Sale over an asset such as a motor vehicle. A fee is payable where this is required. ^

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