Covered by Savings Loan
Lisduggan Credit Union’s Covered by Savings Loan allows you to borrow up to the value of your savings at a discounted interest rate whilst still earning interest on your savings.
We appreciate that it can take a long time to build up savings, so when it comes to making a big purchase you might be reluctant to use these savings whilst leaving no funds available to meet any future unexpected expenses. Our Covered by Savings Loan is a cost-effective way to access funds while leaving your savings untouched and available for future needs.
Rate: 6% (6.18% APR*)
- Our lowest interest rate on offer
- Most people find it easier to repay a loan than replace savings
- On the spot approval – Current Photo I.D. and Proof of Address must be provided
- Continue to earn any future interest in your savings account
- Our Covered by Shares Loan is not restricted to any particular loan purpose
- Our Covered by Shares Loan means you won’t dip into your savings because you cannot withdraw the secured amount until your loan is fully repaid
- Convenient payment options available – pay by standing order, debit card or at our offices