More Products & Services
- Products & Services
Loans
Loan is money lent by the Credit Union to its members on request. There are also three (3) different loan products currently being offered by GPHACCU.
These include:
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Long Term Loans
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Short Term Loans
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Special Fund Loan
Long Term Loans
Long-term loans are financial agreements where you borrow a sum of money and repay it over an extended period, typically lasting anywhere from 3 to 30 years. Because the repayment is spread out, these loans are usually used for major life or business milestones.
Benefits of Long Term Loans
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Improved Monthly Cash Flow
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Access to Higher Capital
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Lower Interest Rates
Short Term Loans
While long-term loans provide stability, short-term loans are built for speed and agility. Usually defined as debt that must be repaid within 12 months, these loans act as a “financial bridge” to get you through a temporary gap or to help you seize a sudden opportunity
Benefits of Long Term Loans
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Speed of Funding
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Lower Total Interest Paid
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Easier Qualification
Special Fund Loan
“Special Fund Loan” (or Special Purpose Loan) refers to financing that is carved out for specific, high-impact activities rather than general spending. These are often backed by government initiatives, development banks, or specialized private investment groups.
Benefits of Long Term Loans
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Improved Monthly Cash Flow
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Access to Higher Capital
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Lower Interest Rates