Plassey Credit Union will consider loan applications from members for any worthwhile purpose; Cars, Housing, Holidays, Home Improvements, Educational, Medical and many more.
Each application is treated in the utmost confidence and will be considered on its own merit.
It is credit union policy to meet the borrowing requirements of as many members as possible, depending on the available funds. Loans will be considered by a Loan Officer or by the Credit Committee who hold weekly meetings at the office, ordinarily on Thursday evening.
Applications are straightforward, members may apply by:
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Calling into the office and completing a standard loan application form |
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Phoning the office on 061-335400 |
By law credit unions cannot charge any more than 1% per month on the reducing balance of a loan, this represents and APR of 12.68%. We current have 4 different rates available
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9.5% |
General Purpose Loan |
9.92% APR |
|
7.5% |
Car Loan |
7.76% APR |
|
6.0% |
Education Loan |
6.2% APR |
|
5.0% |
Secured/Covered loan |
5.1% APR |
Plassey Credit Union is flexible with regard to repayment plans, though there are some legal limitations to length and amount of loans. The member will be advised on the best repayment plan to meet their own circumstances.
There is no penalty for early settlement of loans, in fact the member is rewarded through the interest that is saved. Should a member experience difficulties in meeting repayment commitments, they should immediately explain the situation to the credit union, which will treat the matter sympathetically and in total confidence.
Click here to use the Loan Calculator to get an idea of much your repayments might be.
