Listed below are some of the benefits you can expect when taking out a loan with Irvinestown Credit Union.

 

• Your savings remain intact which means you keep all the insurance element already added to them under our Life Savings Insurance and your potential to borrow in the future remains good.
• By taking a loan you are committed to repay on a regular basis.
• While repaying your loan, you can add to your savings.
• Your loan balance is insured with our Loan Protection Insurance.  This means that in the event of your death, your loan balance is cleared -- subject to policy conditions.  Loan balances are not insured after age 85.
• You will be eligible for an interest rate rebate each year our membership votes for one at its Annual General Meeting.
• There are no arrangement fees or penalties for large lump sum repayments or early repayment.
• You can arrange to make your loan repayments and lodge your savings through a banker’s order.
• We charge an interest rate of 1% per month on the reducing loan balance -- as you repay your loan, you pay less and less each week or month. 
• We offer a top-up loan service.