The key to a 2010 car
If you would like to get your hands on a 2010 car then the key is a loan from St Patrick’s Credit Union.
ST. PATRICK'S CREDIT UNION (ESB STAFF)
December is the month when a lot of people start to think about changing their cars in the New Year, either buying a new one or trading up a few years. If you would like to get your hands on a 2010 car then the key is a loan from st Patrick's Credit Union.
You will also save yourself a lot of money and stress, as banks and building societies are extremely reluctant to lend to anyone at the moment as a result of the credit crunch, which the credit union is totally unaffected by. Interest rate of just 6.5% p.a. - one of the lowest rates available in Ireland for car loans.
Example: The repayment on a €10,500 loan with the credit Union over three years is €321.82 a month i.e. a total interest charge of €1,085.52. compare this with the same loan from a bank or a building society with a typical monthly repayment of €334.00 resulting in a total interest charge of €1,524 - an extra €438.48
No hidden charges or extra payments at the start or end of the loan term as with banks and building societies. banks and building societies charge documentation fees ranging from €63 to €75 and similar amounts by way of a completion fee.
Some banks quote for a five year loan but provide loans with 61 monthly payments instead of 60 - an extra payment.
No penalties for making lump sum payments or clearing your loan early as with banks and buildings societies. Most car loans from banks and building societies are leasing or hire-purchase agreements with a fixed interest charge for the period of the loan and, accordingly lump sum payments and early clearances attract severe penalties.
Free Loan Insurance on all loans. If you are in good health at the time of making your application, your loan balance is insured (in the event of death) at no extra cost to you. banks and building societies do not provide such a service.
For further information or to make an application please see our website www.stpatrickscu.ie or contact the office on 01632 5100
