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First ensure you meet the eligibility guidelines.

Check that the loan is affordable.

Provide all the necessary documents as per the checklists provided below. Include any additional information that might be helpful for Paraloan when approving the loan. Discuss with Paraloan’s Executive officer if necessary.

Housing Loan

Security-backed loans to assist in the purchase, alteration, extension, upgrade of property and matrimonial property settlements are available.

Vehicle Loan

Loans for vehicles, alterations and repairs.

Downloads

Application Forms
Supporting Forms

Please also complete this weekly expense form:

To meet the identification verification requirements for your application the following ID checklist outlines the information required.

Finally please download the application checklist and ensure all required documents are included in your application.

The forms are in PDF format, and require Adobe Acrobat Reader or similar software to be installed on your computer.

Timeframe

After submitting your application, Paraloan’s Executive Officer will process your application. If any clarification is required, they will discuss the application with you.

The application package is sent to the Trustees for review. The Trustees determine an appropriate interest rate and decide whether to approve or decline the application.

It usually takes about three weeks from the date of application to a decision from the Trustees. If your requirements are urgent, please advise the Executive Officer. The timeframe can be reduced under some circumstances.

See Also

Criteria

Eligibility criteria for a loan from Paraloan

Loan Terms

Loans provided by Paraloan are subject to the following terms.

Costs of Borrowing

A full breakdown of fees and charges associated with borrowing from Paraloan.