Life comes with responsibilities. RHAND Credit Union is here to help you handle them with confidence. The Umbrella Loan gives you the financial coverage you need for whatever rains down on you.
STAY COVERED WITH THE
UMBRELLA LOAN
- Up to $150,000
- Special Interest Rate
- Flexible Loan Tiers
- Comfortable Repayment
QUICK LINKS
Apply for a loan
Financing Calculator
Get in touch with us
RELIABLE STABILITY
RHAND can help keep the rain off
The Umbrella Loan from RHAND can help keep the rain off and get you through all the tough times with the peace of mind knowing that your finances are covered. This loan is designed to reflect the Society’s focus on protect, and support for members.
Members can access up to $150,000 for needs and aspirations:
- Big coverage for big responsibilities – The Big Top: Dedicated to Debt Consolidation (including RHAND loans) to bring all accounts under a single affordable schedule.
- When you’re ready to take that leap – The Parachute: Capital support for Savings/Investment and Other Expenses.
- The Windbreaker: Scaled specifically for crucial Education expenses and books.
- Medical requirements: Health protection systems when needed most.
- The Main Sail: Dedicated funding for Home Improvement, renovations, and expansions.
- Wedding Expenses, Personal Bills & more: Support for groceries, insurance premiums, and celebratory events.
COOPERATIVE CHOICES
Flexible Tiers to Match Your Goals
Loan Options Up To $150,000
Windbreaker
Perfect for educational expenses, quick medical bills, or personal groceries support.
Total Borrow Limit
$15,000
TTD
Over 18 months repayment
- $5,000 to be held in shares
- $10,000 in hand
Main Sail
Excellent coverage for home upgrades, urgent vehicle repairs, or sudden events.
Total Borrow Limit
$30,000
TTD
Over 24 months repayment
- $10,000 to be held in shares
- $20,000 in hand
Parachute
Great for building savings / investments, wedding budgets, or consolidating minor bills.
Total Borrow Limit
$60,000
TTD
Over 60 months repayment
- $20,000 to be held in shares
- $40,000 in hand
Big Top
Full-scale debt consolidation (including current RHAND loans) and major life milestones.
Total Borrow Limit
$150,000
TTD
Over 96 months repayment
- $50,000 to be held in shares
- $100,000 in hand
New Doors
$60,000
Over 60 months
- $20,000 to be held in Shares
- $40,000 in hand
Big Moves
$90,000
Over 72 months
- $30,000 to be held in Shares
- $60,000 in hand
UNMATCHED BENEFITS
Key Features
9%
INTEREST RATE
Competitive and affordable fixed annual rates scaled across the cooperative period.
Up To $150,000
LOAN COVERAGE
Significant capital coverage suitable for education, renovations or debt consolidation.
Flexible Repayment Options
COMFORTABLE MONTHLY PAYMENTS
Repayment structures up to 96 months matching your goals and current monthly cashflow.
EXCLUSIVE REWARD OPPORTUNITY
THERE'S MORE!
Successful loan applicants will be entered for a chance to win a Flex Deposit* valued at $5,000 (Term will be 4 years).
One lucky winner will be selected each month for a total of 3 winners.
*Promotion approved by the NLCB.
COOPERATIVE FRAMEWORK
Special Notes
Successful loan applicants will be entered for a chance to win a Flex Deposit valued at $5,000 (Term will be 4 years). One lucky winner will be selected each month for a total of 3 winners.
Debt Service Ratio (DSR) not exceeding 55%. Verify your ratio utilizing our interactive estimator inside the application form.
Retirees will be subject to implemented guidelines for loans to retirees. Talk directly to our specialists for tailored support.
Subject to normal lending criteria.
New loans only i.e. new suffix.
Shares not to be withdrawn until the facility is repaid in full to sustain the cooperative equity foundation.
Ready to stay covered?
Apply for the Umbrella Loan today and get the financial coverage you need when life’s responsibilities come your way.
