AGM Attendance Loan
As part of RHAND Credit Union’s commitment to member engagement and participation, RHAND is offering a 1-Year Interest-Free Loan to members who wish to attend our Annual General Meeting (AGM) at the Magdalena Grand Beach & Golf Resort, Tobago, on May 10, 2025.
Features
- Valid from March 17, 2025 – May 09, 2025
- Open to all active RHAND members in good standing
- Up to $2,500 per member
- Interest Rate: 0% interest
- Repayment Term: Maximum 12 months
- Purpose: Cover travel expenses (airfare, accommodation, ground transport) and any associated costs for AGM participation
- Disbursement: Funds will be deposited directly into members’ accounts for easy access
Loan Eligibility Criteria
- Membership Status: Applicants must be active members of RHAND Credit Union for at least one year.
- Creditworthiness: Subject to a basic affordability assessment to confirm repayment ability.
- Condition: Where it is determined that any member, who received this loan, did not register for the AGM, an interest rate of 12% per annum shall become applicable to the residual balance of the loan, resulting in an increased monthly installment.
