University of Montana No Interest Bike Loans

Type: Program

Status: Ongoing

Source File: http://www.umt.edu/asum/ot/bikeloan.html

Description:

Associated Students of the University of Montana (ASUM)

Term and Rate: 12 month no interest loan for up to $400.00

To be eligible, the borrower must be:

1. A current member of Missoula Federal Credit Union

2. A registered Student at The University of Montana

To Apply for Funds:

1. Go to the ASUM Office of Transportation.

2. Bring your Griz Card.

3. Fill out the MFCU "Loanliner Advance Request Voucher" form.

4. Be able to pay 10% of the purchase price of the bicycle.

After bike is purchased:

1. The borrower must bring a copy of the receipt and/or bill of sale (of the bicycle) to the ASUM Office of Transportaion. The receipt must show that they have paid at least 10% of the purchase price of the bicycle.

2. The borrower must register the bike with the city of Missoula (this costs $5) and bring a copy of the registration within a week of purchase.