SHARE SECURED LOANS

LOAN SECURED BY SHARES

Share Secured Loans

Our Loan Secured by Shares is available to members who have an amount of savings with the credit union, and who wish to borrow up to the amount held in their savings.

The savings will be held by the credit union as collateral for the outstanding loan balance during the term of the loan.

Use Your Savings as Collateral for Cheaper Rates

We charge 5.36% (APR 5.5%) on our Share Secured Loan.

Features of Ballinasloe Credit Union Share Secured Loans

  • Maximise Your Savings: Instead of depleting your savings, you can put them to work for you. Borrow what you need without emptying your account.

  • Competitive Advantage: Enjoy competitive interest rates, ensuring that your loan is both affordable and manageable.

  • Flexible Terms: We understand that life comes with its twists and turns. That’s why we offer flexible repayment terms to suit your individual circumstances.

  • Simplified Process: Since your savings act as collateral, the application process is streamlined and hassle-free.

  • Peace of Mind: Your savings remain securely held by the credit union, providing you with peace of mind while you work towards your goals.

Ballinasloe Credit Union Share Secured Loan Calculator

Share Secured Loans

5.36% (5.5% APR)

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Loans are subject to approval. Terms and Conditions apply.

Figures quoted are indicative, actual repayments may vary.

WARNING: If you do not meet the repayments on your loan, your account will go into arrears.

This may affect your credit rating which may limit your ability to access credit in the future.