Our Loans
Secured Loan 7.5%
We understand that saving is hard work, and you might prefer not to use your savings for unexpected expenses.
To help, we offer a solution: a Secured Loan at a low rate of 7.5% (APR 7.78%). This allows you to borrow while keeping your savings intact. The savings are held as collateral for the loan. You can maintain your savings reserve for the future, but if needed, you can pay off the loan with your savings at any time.
At Nenagh Credit Union, we’re committed to offering flexible options that suit your needs, whether for small or large expenses.
Interest rate
7.5% (7.78% APR)
Minimum amount
€100
Maximum amount
€100,000
Top-up
Available
Maximum term
up to 5 years (subject to loan purpose)
Repayment frequency
Weekly, Fortnightly or Monthly
Loan Calculator
Apply for a loan with interest rates that suit you!
Max Loan Term :
7.76%
7.76%
7.76%
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.
Representative example:
Loan amount
€10,000
Loan term
36 months
Monthly repayment
€311
Interest rate - APR
7.76%
Total interest
€1,199
Total cost of credit
€11,199
Benefits of Secured Loan
- Once the loan is performing and contractual repayments are met, you have the peace of mind knowing that your savings are still intact
- Very competitive interest rate
- Repayments are calculated on your reducing balance, so you pay less interest with each repayment
- There are no hidden fees or transaction charges
- Flexible loan repayment options available
- Loan Protection with complimentary loan insurance without added expenses for you. Subject to terms and conditions.
Ready to apply?
At Nenagh Credit Union, we're committed to helping our members access credit, empowering them to improve lives.
