Debt Consolidation Loan – 7.95% (8.2% APR) Variable
“Transfer multiple debts to us for one simple manageable payment”
Why choose a Letterkenny Credit Union Debt Consolidation loan?
- No hidden costs or administration fees
- No penalty for early payback, you can pay the loan off early or make lump sum payments with no additional charges
- Free life cover on your loan (subject to terms & conditions)
- Low-Cost Loan- affordable loans
- Flexibility to repay your loan with terms of up to 10 years
- Repayments to suit you – weekly, fortnightly, 4-weekly or monthly
- Fast and efficient service
APPLYING FOR YOUR LOAN IS EASY
Please contact our dedicated loans team to get details on what supporting documentation is required for your application.
Email: Loans@letterkennycu.ie
Phone: 074 91 02 126
Then
Apply through your cu online members area
Apply through the Letterkenny Credit Union App
Apply in person
Terms & Conditions
- Applications are open to all members of Letterkenny Credit Union Ltd.
- We require BIC and IBAN for all debt accounts we are clearing as we make payments directly to clear the debt.
- Maximum term 10 years.
- All debts that are to be consolidated must not be in arrears.
- Maximum loan of €25,000.
- In some cases, a guarantor may be required.
- The owner of the debt must be party to the loan.
- Members with mortgage arrears or who are in an arrangement (moratorium) on mortgage debt may not avail of a debt consolidation loan.
- We will not take over debt that has been written off by another financial institution or non-performing loans that have been assigned to a debt consolidation agency.
REPRESENTATIVE EXAMPLE
| Consolidation Loan Amount | Term | 120 monthly Repayments | Total Amount repayable |
| €25,000 | 10 years | €302.67 | €36,317.22 |
Representative example correct as at 02.06.2020
