Standard Personal Loan
You can avail of Lisduggan Credit Union’s standard loan option for a variety of reasons.
You can apply for any amount based on lending criteria. These are straightforward and include: how much you earn, how much you want to borrow and what you can afford to pay.
Typically the duration of our personal loans fall between 1-5 years and is linked to the purpose of the loan. For example: holiday loans are usually repaid in 1 year and car loans in 3 to 5 years but we look at each loan application individually.
Members have the flexibility of repaying the loan quicker than planned, without any penalty.
Rate is 10.5% (11.05% APR*)
Our loan interest rate is calculated on a reducing balance; this means you only pay interest on what you owe, the faster you pay off your loan, the less interest you pay