St Canice's Kilkenny

Repayment Protection Insurance is an optional a policy that meets credit union loan repayments for a specified period of time if a member is out of work due to accident, illness or redundancy.

Why Choose Repayment Protection Insurance?

• Protects a member’s ability to repay their loan – no need to take money from savings.
  
• Protects a member and its family from unforeseen financial hardships.
  
• Reduces the worry associated with taking out a loan.
  
• If a member becomes unemployed or has an accident or illness and is unable to work for at least 30 days – loan repayments will be made for a specified period of time.

Who is eligible?

Members can avail of Repayment Protection Insurance if they are between the ages of 18 and 70 years and are in full-time employment (working 18 hours or more a week). Repayment protection insurance is offered as an optional benefit on loans. The cost to members depends on the amount borrowed and the term of the loan.

(Terms & conditions apply)