Terms & Conditions

• Subject to underwriting criteria, terms and conditions
• Rate applies to new loans that are fully secured by shares for duration of loan agreement
• Maximum Loan Amount €100,000
• 1 Month Minimum Term
• Maximum Term of loan 10 years
• Repayment Frequency – Weekly, Fortnightly, Monthly
• Loans are insured at no direct cost to all eligible members
• Loans can be topped up at this special reduced interest rate provided the total loan remains fully secured by shares for the duration of the loan.
• Members who top up their existing loan which results in their total borrowings exceeding their share balance, will no longer be eligible to avail of the special rate of 5.47% (5.61% APR*). The standard Personal Loan rate 8.57% (8.91% APR*) will apply.
• Any share withdrawal request that would result in the loan balance exceeding the share balance will require a new Credit Agreement to be drawn up at the Personal Loan Rate.

*The Annual Percentage Rate (APR) included is an example only. A €10,000 loan over 3 years at a variable interest rate of 5.47% (5.61% APR) has a monthly repayment of €300, total interest of €784 and a total cost of credit of €10,784.

WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit report, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL-agreement in the future.