Large loan sale at Cavan CU

Cavan Credit Union has extended its New Year loan sale until the end of the month.

Speaking to The Anglo-Celt, Therese Conway, CEO, explained: “We are repeating the success we have had in previous years with our New Year loan sale, but this year, for a limited time only, to the end of February, we are reducing the rate of large loans.”

This means that loans from €20k to €50k are offered at a most competitive 5.9% (6.06% APR). So, for example, a loan of €50,000 over 10 years at 5.9% (6.06% APR) costs €553 per month and the total cost of credit paid is €16,311.

Therese further advised: “This is our lowest ever rate on large loans and beats most of the other loans offers out there, with the benefit of borrowing locally, from an institution you trust.”

Cavan Credit Union has also added to the ways in which people can apply for a loan. You can now book a loan appointment through the Cavan Credit Union App, by going online to cavancu.ie or contacting us a member of the team on 049-4331715. For those who can’t make it into the office, you can now complete the whole process from applying for the loan, to drawing it down online, through the website or App.

Therese finished by saying: “For anyone thinking that 2023 is the year for that new car or extension, you can check out the loan calculator on our website, to see what the cost would be or as always contact us at the branch and we will be glad to take you through your options.”