Loans at Ballinascreen Credit Union
Benefits of a credit union loan
- Quick application process
Straightforward application process and speedy decisions - Flexible repayments
Weekly / fortnightly / monthly / quarterly repayments - Only pay interest on what you owe
Interest is calculated daily on the reducing loan balance - Free Loan Protection Insurance
In the event of death or a permanent disability, eligible members will have their loan balances cleared by the Insurance. Eligibility criteria applies. - No early repayment fees
There are no fees for paying more than agreed, paying off lump sums or clearing the entire loan balance early - Top-Up loans
Loans can be topped-up before the original loan balance has been fully cleared
Loan Products
Unsecured Personal Loans
Up to £7500
– Annual Interest Rate 12% (12.68 APR)
– Maximum term 5 years
£7501 to £15,000
– Annual Interest Rate 8.9% (9.27% APR)
– Maximum term 10 years
£15,001 to £25,000 in excess of share balance
– Annual Interest Rate 7.9% (8.19% APR)
– Maximum term 10 years
Secured Personal Loans
Up to £100,000
– Annual Interest Rate 5.9% (6.05% APR)
– Maximum term 25 years*
Share-Secured Personal Loans
– Annual Interest Rate 5.9% (6.05% APR)
– Maximum term 25 years*
* Some members may not be eligible for the 25-year loan term, depending on their age