Asset Loans
The ASSET (A Secured Sum Extended Term) loan is specifically for members who need loans for home improvements or property purchase. The ASSET loan is a secured sum and so an appropriate form of collateral is required to secure the loan. To complement the larger sums advanced, the ASSET loan also features an extended term for the repayment of the loan up to 15 years. The rate of interest charged will be variable and is currently 6.5% (APR6.8%).
When you need more
Rising costs have ensured that housing projects regularly financed by Credit Union loans are becoming more and more expensive and quite often more finance is required. However expensive home improvements and other housing projects have to be paid for and that is where an ASSET loan can help.
Some Terms and Conditions
As with all financial products, some terms and conditions apply including the following;
- Minimum advance €30,000 – Maximum €150,000
- Minimum term 10 years- Maximum term 15 years
- Security required – loan must be secured by first charge on property title deeds or other appropriate legal instrument
- Loan insurance is mandatory and is paid for by the member
- Click here for a full list of terms & conditions
Please contact the Loans Department to make an appointment
