Standard Loan
Standard Loan 12% (12.65% APR)
Fair, affordable and from a source you can trust. For whatever your needs, find out more about a Standard Loan from Ballynahinch Credit Union.
Maximum Loan Term :
12.66%
12.66%
12.66%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
Borrowing with us
- Personalised Service
- Lower Rates on Loans
- Competitive Rates on Savings
- Savings Protection
- Free Life Insurance
- Online Services
Benefits Of Loans With Us
- Apply Online
- No Hidden Fees
- No Penalties For Early Repayment
- Competitive Interest Rates
- Flexibility To Increase Payments
- Free Loan Protection Insurance
Lending criteria
Standard Loan 12% (12.65% APR)
Repayments are calculated on your reducing balance, so you pay less interest with each payment. You can pay off your loan early, make additional lump sum payments or increase your regular repayments, without a penalty. Maximum term 5 years.
Proven Ability to Repay
It is our responsibility to all members to ensure that we only lend members’ money to other members when it has been established that there is an ability to repay the loan. A borrower must be able to afford the loan repayments, including interest, over the full duration of a loan.
Free Loan Protection Insurance
Subject to terms and conditions. Your credit union loan is insured at no direct cost to you. Other lenders charge for this.
What we require from you
1
Outgoings
2
Proof of Income
3
Identification
How to Apply
Apply Online via Online Banking, or speak to us in your local branch.
*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 Ballynahinch credit in the future. **Loans are subject to approval. Terms and conditions apply. If you do not meet the repayments on your loan, your account will go into arrears.
Join On The Go
You can join using your smartphone or tablet device. Simply download our Mobile App and take full advantage of joining on the go.