Whether borrowing for a car, Christmas, home improvements or education, talk to St. Colman’s Credit Union today!
Autumn can be an expensive time for many as winter sets in. It’s a time when we look forward and plan for Christmas, calculate the costs of heating and/or decorating our homes and when we look to upgrade our cars.
Almost all of us at some stage want (or need!) to get away from it all and go on a holiday break. Be it just for a few days, a week or fortnight. For everyday loans that won’t break your piggy bank St. Colman’s Credit Union has launched its lending campaign for Autumn.
There are no nasty surprises or additives like fees or charges in credit union loans. The interest you pay is the full cost of the loan so it’s fully transparent. They are specially formulated with their own insurance policy to provide life cover, subject to terms and conditions, on loans granted to members. This means eligible members loans are insured in the event of death at no direct additional cost to the borrower.
According to Gerry Kelly, Manager of St. Colman’s Credit Union “When it comes to your annual insurance (home/health/ car etc.) expenses you may be tempted to pay these off on a payment plan offered to you directly by the provider. But before you do, why not check out the terms and conditions of the loan rate charged by your local credit union, you could find that a loan with us to pay for these expenses is much cheaper and you could make a saving.”
St. Colman’s Credit Union are offering car loans at a rate of 7.5% (APR 7.79%). Here is an example of a car loan to give you an idea of the repayments and total cost of a loan with St. Colman’s Credit Union:
Example of Car loan
| Amount Borrowed: | €10,000 |
|---|---|
| Term: | 3 years |
| Interest Rate: | 7.5% (APR 7.79%) |
| Repayment Amount: | €311.06 per Month |
| Total Interest Paid: | €1,195.04 |
| Total Amount Repayable: | €11,195.44 |