Info on the switch & save products & its benefits

Switch and Save with Nenagh Credit Union: A Smart Financial Move

In today's financial landscape, managing debt efficiently is crucial. With rising interest rates across many financial institutions, consumers are looking for ways to reduce their borrowing costs. Nenagh Credit Union offers a solution with its Switch and Save Loan, designed to help members consolidate their debts and save money. Here’s why you should consider this option.

What is the Switch and Save Loan?

The Switch and Save Loan from Nenagh Credit Union is a personal loan product aimed at helping members transfer their existing loans, credit card balances, and overdrafts from other financial providers to Nenagh Credit Union. This loan offers a highly competitive interest rate of 6.6% (APR 6.8%), making it an attractive option for those looking to reduce their monthly repayments and overall interest costs.

Benefits of the Switch and Save Loan

Competitive Interest Rate: The Switch and Save Loan offers a variable interest rate of 6.6% (APR 6.8%), which is significantly lower than the rates charged by many other financial institutions. This can result in substantial savings over the life of the loan.

Flexible Repayment Options: Members can choose from a variety of repayment options, including weekly, fortnightly, or monthly payments. Additionally, there are no penalties for early repayment, making it easy to pay off the loan faster if your financial situation allows.

No Hidden Fees: Nenagh Credit Union prides itself on transparency. There are no administration fees or hidden charges associated with the Switch and Save Loan. This ensures that you know exactly what you are paying for.

Loan Protection Insurance: Eligible members receive free loan protection insurance, providing peace of mind that your loan will be covered in the event of unforeseen circumstances

Personalised Service: At Nenagh Credit Union, you are more than just a number. Our friendly and knowledgeable staff are here to provide personalised service and support, helping you navigate the loan application process and manage your finances effectively.

How Does It Work?

Switching to the Switch and Save Loan is straightforward. Here’s how you can get started:

Evaluate Your Current Debt: Take stock of your existing loans, credit card balances, and overdrafts. Use the loan calculator on the Nenagh Credit Union website to compare your current borrowings against what the Switch and Save Loan can offer.

Apply for the Loan: You can apply for the Switch and Save Loan online, over the phone, or by visiting the Nenagh Credit Union office. Our staff will guide you through the application process and help you gather the necessary documentation, such as proof of income and bank statements.

Approval and Transfer: Once your loan is approved, the funds will be used to pay off your existing debts. You will then make regular repayments to Nenagh Credit Union at the lower interest rate, saving you money each month.

Conclusion

The Switch and Save Loan from Nenagh Credit Union is an excellent option for anyone looking to consolidate their debts and save money. With a competitive interest rate, flexible repayment options, no hidden fees, and personalised service, this loan can help you take control of your finances and reduce your borrowing costs.

Visit us at our office on Kickham Street, Nenagh, contact us on 06734444 or apply online through our website to learn more about the Switch and Save Loan and how it can benefit you. Make the smart financial move today and start saving with Nenagh Credit Union.