Credit Union Announce Loan Rate Sale for 4 months only.

St. Canice’s Credit Union have announced a major loan interest rate sale for large value loans between €25,000 and €50,000 for a 4 month period only for all larger loan applications made up to and including 30th March 2019.

This will appeal to people who are perhaps thinking of doing up their home, buying a new car or maybe it make sense to switch their existing bank loan to their local Credit Union.

There is a 2% drop in the interest rate, dropping from 8.2% (APR 8.5%) to 6.2% (APR6.38%) for all loans from €25,000 up to €50,000.  The loan term available is between 5 to 10 years and interest is still calculated on the reducing loan balance. As with all Credit Union loans there remains no administration fees or hidden charges.

People have the flexibility to pay off lump sums or clear the loan early without penalty. Loan Interest CashBack, if available, will apply to this loan at the end of the financial year; further reducing the already great rate on the Loan.

*A loan of €40,000 at 6.2% (6.38% APR) repayable over 7 years would have 84 monthly repayments of €588.20 per month.
Total amount repayable is €49,402.54. Total cost of credit is €9,402.54.

Normal lending terms & conditions apply.

For further information and to apply for a loan during the SMART RATE SALE.

> call (056) 772 2042
> drop in and apply in any branch
> email loans@stcanicescu.ie

 

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