Loans
The two most important things about a loan are, being able to borrow the money and being able to repay it. At Arainn Credit Union Limited we encourage you to manage your money carefully by structuring loans around your needs and your ability to repay. Establish a good savings record by saving regularly so as to build up security for your loan.
Loan Rates
At Arainn Credit Union Limited we have four very attractive rates of interest.
- Regular Loan 11.94% (12.68% APR)
- Education Loan 5.5% (5.65% APR)
- Xmas Loan 9.95% (10.45% APR)
- Special Promo Loans 9.95% (10.46% APR)
- Shares Secured Loans 9.95% (10.46% APR)
- There are no administration charges, hidden fees or transactions charges
- Credit union 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
- 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!
- 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
Your application is treated in the utmost confidence and will be considered on its own merits. In deciding, whether or not to grant the loan, we take into account your record of savings and loan repayments, as well as your ability to repay.
Our Standard loan rate of 11.94% means you can borrow at a reasonable rate of credit compared to other financial providers – compare us to other financial service providers and you will see that you get a great deal at Arainn Credit Union.
To begin, with you have to be a member of Arainn Credit Union Limited. For more information on becoming a member please click here.
Loans are subject to approval. Terms & Conditions apply
Loan Calculator
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
