Share covered Loan: 4.99% Variable – 5.11% APR
One of the easiest & cheapest ways to borrow is to use your savings as security against the loan.
- No min, max €40,000 (in line with our savings cap)
- 10 years max term
Here’s what makes our Share covered Loan great:
- A Loan Secured by Savings allows you to borrow an amount equal to your savings in a fast & secure way.
- Flexible, low cost way of covering your expense
- Straight forward loan with regular repayments over an agreed term.
- No administration fees or hidden charges.
- Interest is charged on your reducing loan balance so your repayments are based on what is actually outstanding.
- Loans are insured by the Credit Union’s Loan Protection Insurance. This gives the comfort of knowing that your family will not be left with the burden of loan repayments in the event of your death. This cover is available at no extra cost. (Terms and Conditions apply).
- Loan interest rebates may apply. See the benefits section for more information.