Secured by Savings Loan
Saving money takes time, effort and willpower.
When it comes to making an expensive purchase, many savers are reluctant to withdraw their savings and undo all their excellent work. That’s why we offer a Secured by Savings Loan which means you can borrow up to the amount you have saved with us and you cannot withdraw your pledged savings until the loan is fully repaid. This is one of the easiest, quickest and cheapest ways to borrow.
Apply for a Secured by Savings Loan Today!
Why choose a Secured by Savings Loan?
Benefits of our Secured by Savings Loan Today
- Borrow an amount equal to your savings with a Loan Secured by Savings.
- Prompt assessment and super quick approval for most loan applications.
- Enjoy a low interest rate.
- Flexible repayment options tailored to your needs.
- Your savings continue to earn potential future dividends.
- Repaying a loan can keep you more focused than saving the same amount again.
- Savings protection insurance may apply on the savings you have built up with us
- Guarantee that your savings won’t be spent; you cannot withdraw the pledged amount until the loan is fully repaid.
Is Loan Protection Insurance included?
Yes, Loan Protection Insurance is also included for eligible members at no extra cost.
Do I have to pledge all my savings or will a part be sufficient?
A savings amount equal to the value you wish to borrow will be secured and cannot be withdrawn throughout the term of the loan. Any additional savings above this amount can be accessed or used as normal.
Do I have to visit a branch?
You can apply for a secured by savings loan online, by phone or in branch. You can use the online form above to start your application,log in to online banking or visit a branch if you wish.
How long do I have to save before I can borrow?
There is no minimum savings period to apply for a secured by savings loan. Enquire today to find out more.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future. Terms and Conditions and normal lending criteria apply.
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Loan Summary
8.2% Interest (8.38% APR)
Every Week
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Every 2 Weeks
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8.2% Interest (8.38% APR)
Terms & Conditions Apply All Figures Given On This Website Are For Your General Information Only, And Give A Rough Guide To Loan Repayments So As To Give You, The Borrower, An Overview Of The Potential Cost Of Borrowing. Any Statements On This Website Do Not Purport To Be Authoritative Or Legally Binding. St. Canice’s Kilkenny Credit Union Ltd. Accepts No Responsibility For Any Omissions Or Errors Due To Changes In Rates Or Offers Which Have Occurred After This Date. You Are Advised To Check With Our Offices For Up-To-Date Rates And Offers. St. Canice’s Kilkenny Credit Union Ltd. Is Regulated By The Central Bank Of Ireland.
