Why is a Credit Union Loan better?

We are owned by you!
We are lending!
No fees, charges or penalties

Your credit union has no document fees, arrangements fees, facility fees, rescheduling fees or any other fees on loans. We don’t penalise you for making lump sum payments or clearing your loan off early either!

Loan Protection Insurance (death and total disability) is provided free of charge.

This is important if you do not want to leave debt to your loved ones. Other credit providers do not provide this without charging for it.

Payment Protection Insurance (RPI) is also available as an optional extra which covers your repayments in the event of accident, sickness or redundancy in the case of PAYE workers. If you are self-employed, it covers you for critical illness.

Loan interest is calculated to your advantage

Most financial institutions calculate the interest due at the start of a loan. This means that even as you reduce the size of your loan, your interest will remain the same throughout. With your credit union, your interest reduces as your loan reduces. With additional re-payments or early clearance of a loan, you pay even less interest!