There are so many advantages
to borrowing with Claremorris Credit Union, for example: |
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| • No
fees or transaction charges |
Unlike
our competitors, we have no hidden, additional or
transaction charges on your loan. |
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•
Far more flexibility
in how loans are tailored to your needs
|
We
understand that everybody has different requirements
and also that those requirements can change over time.
We provide an unrivalled and tailor-made service for
our members that meets those individual and changing
needs. |
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| • Interest
is only charged on the reducing balance |
This
is where you really can see the benefits of borrowing
from the Credit Union, by only charging interest on
the reducing balance of your loan, rates can be as
low as 4.5% compare this to Credit Card APR which
can be as high
as 19% ! |
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| • More
security with free loan insurance |
We
provide all borrowers with automatic life protection
insurance at no extra cost, protecting you and saving
you money over the life of your loan. |
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| • No
balloon payments to be met at the end of your loan. |
As
part of our promise to make things easier on you we
have no balloon payments to be met at the end of the
loan. |
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| • In
the event of death the loan is written off |
| Unique to the Credit Union
and aiming to make things easier for you. |
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| • No
penalty clauses |
There
are no penalty charges for lump sum repayments or
early repayment of your loan. |
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| • Repayment
Protection Insurance available |
We
now have made Repayment Protection Insurance available
so in case of illness or redundancy you have a cushion
in place to make things easier. Approximate cost is
€1 per week per €1,000 borrowed per year. |
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By
choosing the Credit Union local money is spent within
and for the local community |
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