St. Canice’s Kilkenny Credit Union will consider loan applications from members for any worthwhile purpose. Each application is treated with the utmost confidentiality and will be considered on its own merits.
What you see is what you get, there is nothing hidden in a credit union loan
Credit union members pay no service charge, arrangement or documentation fee on loans. In addition, Loan Protection Insurance is provided to eligible members on loans at no extra cost. (terms & conditions apply) This insurance can be costly when borrowing elsewhere.
There is no penalty for early clearance of a credit union loan and no ’balloon’ payment at the end. Flexible term and repayment options are available with all credit union loans which are always at a competitive rate of interest.
One really attractive feature of a credit union loan is that you pay interest on the reducing balance only. In other words, if you wish to pay off a large chunk of the loan in one go, you then only pay interest on the outstanding balance.