Great value loans
Interest calculated on reducing loan balance
Over €46 million
Borrowed by members last year
Loan approval rate
Simple loan process
Quick turnaround on standard loans
5 Year Fixed Loan
A 5-year loan from Croí Laighean Credit Union offers you a helping hand when you need it. Life can be expensive – from a new baby to redecorating your home, getting married, or even consolidating debt so it is easier to manage! We are here to help you enjoy life without breaking the bank – that’s why we offer a fixed 5-year loan on amounts over €15,000 and up to €100,000.
Why choose a 5 Year Fixed Loan
- No set-up fees or hidden charges
- Affordable loans tailored to your repayment ability
- Free Loan Protection Insurance (T&C apply)
- Interest calculated only on the outstanding balance of the loan
- Fair and transparent lending process
- Weekly Total Interest
- Fortnightly Total Interest
- Monthly Total Interest
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. If you are experiencing difficulty repaying your loan, or believe you may in the future, please click here.
What is a fixed-term loan?
A fixed-term loan is a loan where the interest rate and monthly payment amount are fixed for the entire term of the loan, so you know exactly how much you will need to pay each month. This can be helpful for budgeting and planning your finances.
Why choose a fixed-term loan?
Predictability: The fixed interest rate and monthly payment amount can give you peace of mind and help you budget your finances.
Stability: Fixed-term loans can provide financial stability, especially during times of economic uncertainty.
A 5 year loan of €30,000 over 5 years would cost €588.42pm at a fixed rate of 6% (APR 6.17%). The cost of credit is €4,711.30 and the total amount repayable is €34,711.30.
While every care has been made in the production of this web page, the Credit Union, or any of its staff, cannot be held responsible for any omissions, errors, or other mistakes on the site. The loan calculator is for illustrative purposes only, and to give you, the borrower, an overview of the potential cost of borrowing.
Loan amounts and 99% approval rate are based on figures from 2020. Rates are correct as of 1/02/2022 and are subject to change. Croí Laighean Credit Union is regulated by the Central Bank of Ireland.
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