Save up to €1,583* on a €10,000 loan over 5 years
No Fees. Free Life-Cover & other benefits.
We’re actively lending and right now have over €35m ready to lend. Our loans have more benefits & cost less than mainstream financial institutions.
The National Consumer Agency website www.nca.ie offers an impartial view of the costs of the credit across the financial sector. The table below, taken from the website on 29th November 2013, details costs associated with a loan value of €10,000 over 60 months.
| Provider | Rate Type | APR | Monthly Repayments | Total cost of credit |
|---|---|---|---|---|
| St. Colman's Credit Union | Variable | 7.79% | €200.38 | €2,019.19 |
| Provider | Rate Type | APR | Monthly Repayments | Total cost of credit |
|---|---|---|---|---|
| AIB | Variable | 10.0% | €210.36 | €2621.35 |
| Bank of Ireland | Variable | 7.5% | €199.21 | €1,952.73 |
| Permanent TSB | Variable | 12.5% | €221.62 | €3,297.09 |
| Ulster Bank | Fixed | 8.5% | €203.65 | €2,219.26 |
The difference is clear…
As you can see, the cost of credit at our Credit Union saves you considerable money compared with the providers above. In addition, we apply no fees, no penalty for clearing a loan ahead of schedule, no-cost loan insurance. Our only motive is to serve our members—not to profit from members needs!
Call our dedicated loans line 1890 200 075.
Whatever your loan query, contact us, we’re happy to help.