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

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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

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