Home Endowment Fund Loans are available to Ministers of the Uniting Church who are currently in a recognised placement and who are members of the Home Endowment Fund. Loans are approved by the UCA Beneficiary Fund, subject to availability of funds.
Key Features
- Loans up to $120,000
- Loan term up to 25 years. Repayment in full on retirement of member
- Repayment capability of up to 25% of gross income of member and partner
- Maximum loan value ratio of 75%
- Legal and insurance costs to be met by member
Interest rate charged at the UCA Cash Management Fund rate plus a 0.55% management fee for ministers from Victoria and Tasmania, or the UCA Cash Management Fund rate plus 1.55% management fee for ministers from all other states
For more information please contact us.