Fixed Rate Loans
Our fixed Interest Rates start from 6.17% APR .
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Borrow Up to €100,000
Finance Big or Small Projects.
Benefits
Why choose a fixed term loan
With rising interest rates, many people are finding that budgeting is becoming increasingly problematic. With a variable loan, the interest rate can increase when the ECB hikes their rates, and this has a negative impact on your monthly budget.
With a fixed-rate loan, the interest rate remains unchanged during the entire loan term – this means your repayments are fixed and you are not susceptible to fluctuations in the market. With a fixed term loan, you can accurately predict monthly costs and future expenses, which ensures you can budget better!
With rates from 6% (6.17% APR), a fixed rate loan from Croí Laighean Credit Union will help keep your budgeting under control.
Contact us and see if we can help!
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
Warning: The cost of your monthly repayments may increase.
*APR Annual Percentage Rate
A loan of €20,000 over 5 years with 60 monthly instalments costs €386.66 per month at a Fixed rate of 6% (Annual Percentage Rate (APR) 6.17%). The total amount you pay is €23,199.60. Cost of credit is €3,199.60.
A loan of €40,000 over 7 years with 84 monthly instalments costs €603.71 per month at a Fixed rate of 7% (Annual Percentage Rate (APR) 7.23%). The total amount you pay is €50,711.64. Cost of credit is €10,711.64.
A loan of €50,000 over 10 years with 120 monthly instalments costs €606.64 per month at a Fixed rate of 8% (Annual Percentage Rate (APR) 8.3%). The total amount you pay is €72,796.80. Cost of credit is €22,796.80.
Terms & Conditions Apply –Whilst every care has been made in the production of this information, it is for illustrative purposes only and to give you an overview of the potential cost of borrowing at Croí Laighean Credit Union. It does not constitute a loan offer.
Loans are subject to approval. Terms and conditions apply.
The information provided on this Calculator is for information purposes only and does not constitute an offer of credit or any form of advice, recommendation or arrangement by the Credit Union. The calculation is based on limited information provided by you, a credit decision will require further information and full underwriting.