Your Personal Loan Your Way
KENMARE CREDIT UNION LEADS THE WAY WITH LOAN RATES
At a time when many of us are under financial strain, Kenmare Credit Union continues to be there for those in the local community who need a helping hand by offering small, affordable loans to members and a secure environment for member savings.
The good news is that unlike other financial institutions, Kenmare Credit Union is welcoming new members every day and is still providing loans to their members
Kenamre Credit Union is lending within the local community and offers competitive and fair loan rates to members. As well as offering a standard loan of 11.4% APR to their members,Kenmare Credit Union offers specialised rates for things like car loans, holiday loans, education loans and home improvement loans– everyday things that matter most.
We understand the positive effect a personal loan can have on your life, giving you the chance to get things when you need or want them, so we always look at your whole story. We only propose personal loans with realistic terms, which you can pay back in a way that works best for you.
Before taking out a loan of any kind, it's worth taking the time to understand how lending works. That way you can compare the benefits and be aware of the risks. Some of the things that make a credit union loan different are –
- We don’t charge for administration fees or transaction charges
- Interest rates are fair and reasonable and capped by law
- Repayments are calculated on your reducing balance, so you pay less interest with each repayment
- Once eligible for a credit union loan, repayment terms can be designed around your needs
- In the event of your death, your credit union loan is insured - subject to terms, conditions and eligibility criteria - at no direct cost to you
- You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty. Other lenders may charge you extra for paying them back faster!
Catherine Orpen from Kenmare Credit Union said: “A loan from Kenmare Credit Union is a much better and more sensible option than borrowing from high interest rate moneylenders and we would urge you to come and talk to us first before you approach one of these companies. The two most important things about a loan are being able to borrow the money and being able to repay it. Loans are only one of a raft of services available to members at their local credit union, so whatever stage of life you are at - we are here to help.
She continued: "A credit union personal loan can help you in many ways, whether it’s to upgrade your entertainment system or to invest in a new mode of transport. At any stage in life, you’ll find your Kenmare Credit Union is there to help you. Call in for a chat today and we’ll soon have you sorted for whatever you need."
*Cost of Finance
*For a €2,000, 3 year variable interest rate loan, with 36 monthly repayments of €66.50, an interest rate of 11%, a representative APR of 11.4%; the total amount payable by the member is €2,358 Information correct as at 08/04/2015