Last year B&S Credit Union Limited issued loans to the value of €10.5M averaging €875,000 monthly being loaned to our valued members and being spent in this local community.
Our team approved over 2,500 loan applications last year mostly for cars, home improvements, student loans and holidays!
And now to kick off its 50th Year, B&S Credit Union has started with a Promotional Car Loan Rate.
The rate is 8.2% (8.54% APR)
This is for car loans from €12,000 applied for between 28th January and 31st March 2019, and repaid over three to six years.
Representative example: (at 30/01/2019)
| CAR LOAN AMOUNT | TERM | WEEKLY REPAYMENTS | TOTAL AMOUNT PAYABLE |
| €12,000 | 5 years | €56.44 | €14,615.98 |
Loans are subject to approval. Terms & Conditions apply. 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.
B&S Credit Union Limited is regulated by the Central Bank of Ireland.
WHY B&S CREDIT UNION CAR LOAN IS BETTER!
Consider the additional benefits of borrowing from B&S Credit Union. We are not just about ‘the rate’:
- Unlike PCP, you own the car from day one!
- NO restrictions on mileage
- NO balloon payment at the end of the contract
- Flexible repayments to suit you, our member (weekly/fortnightly/monthly)
- NO additional fees or charges
- NO penalties for early repayment of a loan (through time, you can reduce the interest you pay even further at no extra cost to you!)
- Free life savings and loan protection insurance (T&Cs apply)
- Free death benefit insurance (T&Cs apply)
- Personal service
For the last three years, we were fortunate to be in a position to offer an interest rebate to our borrowing members, with last year’s rebate being 12.5%! This meant that for every €100 euros of interest paid by a member on their loan, they got €12.50 back! Many of our borrowers considered it a mini savings scheme for Christmas!
We strive to make the lending application process as simple as possible while working within the requirements of the Central Bank of Ireland. Generally, for loans up to €5,000, borrowing members are required to provide proof of income for 1 month only (payslips, bank statements where applicable, and/or recent social welfare receipts). Terms and Conditions apply.
Have your eye on a Car? Why not talk to us today on Freephone 1800 290 390,
apply online: https://www.bandscu.ie/Apply-Online or call into our office:
B&S Credit Union Limited, Main Street, Ballybofey.
Car Draw
We also run a twice-yearly car draw for our members only (age 18+) so the ‘odds’ are great! This costs only €20 per year giving our members the chance to win 2 brand new cars and thousands in cash prizes! (Draws are held in Jan/Feb and Jun/July).
We welcome all new members from our common bond who want to avail of the many benefits our Credit Union has on offer. We are delighted to welcome you to our offices at Main Street, Ballybofey. Call us on Free Phone 1800 290 390 or visit our website to check our services, to become a member or to apply for a loan: www.bandscu.ie
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