Our Loan Products
Vehicle Loans
St Canice’s Kilkenny Credit Union is offering its members a very attractive vehicle loan deal. Not only is the interest rate an unbelievable 7.2%, (APR 7.46% variable) but the following hugely attractive benefits also apply;
- Loan protection insurance is provided at no extra cost
- There are no penalties for early clearance
- Loans are tailored to meet individual needs
- There are no administration charges
- Rescheduling of payments possible when members meet financial difficulty(terms and conditions apply)
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House Extension/Large Home Improvement Loans
You like where you live, but you need more space! You don’t want the bother (and cost) associated with a new mortgage!
A House Extension/Large Home Improvement Loan for €10 - 40,000 or more from St Canice’s Kilkenny Credit Union might be the answer.
Avail of an attractive interest rate of 7.2% (APR 7.46% variable). In addition other important benefits also apply,
- Loan Protection Insurance is provided at no extra cost
- There are no penalties for early loan clearance
- Rescheduling of payments possible if member’s meet financial difficulty.
- No hidden costs. No administration charges. (terms and conditions apply)
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Education Loans
Third level education, for people living in Kilkenny, often means that the student must leave home and find accommodation. This can incur huge costs on families, particularly if there is more that one family member at college at the same time! As well as the cost of accommodation, there are books, travel, food and, very often, fees to be considered.
St Canice’s Kilkenny Credit Union has a flexible, low cost education package which is available to members and their families. The interest rate is only 7.2% (7.46% APR variable) per annum on the reducing balance.
How does the scheme work?
A joint account is opened in the parent’s and the student’s name. Ideally both the parent and student save in this account. The amount borrowed under the Education Loan Package is not based on shares. The loan may be collected as needed over the academic year.
The repayment term is based on three, four or five years, whichever is the most appropriate for you. Ideally the first year is based on a term of three years or less.
The payments for the second year are based on the term of four years or less and third and fourth year repayments are based on a term of up to five years. Each year the outstanding balance from previous years can be rolled into the new loan.
Remember,
The credit union loan package is totally flexible as regards the length of time you take to repay the loan, subject to a maximum of five years. Ideally the student will repay substantial amounts each summer. Finding a summer job at home, or even abroad, if a realistic goal. (The reduced rate education loan is subject to terms and conditions)
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Small Business Support Loan
St. Canice’s Kilkenny Credit Union has launched a Small Business Support Loan Scheme, a loan fund of up to €2 million to support small businesses locally at a very attractive rate of 5.13% (5.25% APR variable).
The Credit Union in partnership with Kilkenny County Enterprise Board is providing a package of assistance under the Scheme, to include loan finance and business advisory supports to qualifying businesses.
The Scheme is aimed at existing small businesses, as well as new start-up ventures, that can demonstrate they are commercially viable. Loans of between €10,000 and €40,000 are available under the Scheme repayable over a maximum of 5 years.
For further information contact any member of our Loans Department or email loans@stcanicescu.ie
Multi-purpose Loans
St Canice’s Kilkenny Credit Union provide loans at competitive rates to suit our members’ needs. For example,
» Special occasion loans - Communion, Confirmation, Wedding
» Holiday Loans
» Home Improvement Loans
» Refinance Loans
» Household/Electrical Goods Loans
» Business Loans
» Agriculture Loans
Why is a Credit Union loan better?
- No fees
- No hidden charges
- No penalty for early clearance
- Interest charged on reducing balance
- Lump sum payments accepted
- Loan Protection Insurance at no extra cost (terms and conditions apply)
- Repayment schedules tailored to individual needs
- Easy application process, in many cases, loans can be issued immediately
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07 September 2010
