Share Secured Loans at Ballinasloe Credit Union

A Share Secured Loan allows you to borrow up to the value of your savings.

So if you don’t want to dip into your savings but need to make a necessary purchase or if you are considering giving your family a well-deserved treat you can now make your savings work for you.

A Share-Secured Loan is a cost-effective way to access funds while leaving your savings untouched and available for future needs. You can apply online or use our Loan Calculator to see what your repayments and interest rates could be.

Our 100% Share Secured Loan is available to members who wish to borrow up to the amount in their savings at the special low rate of 5.36% (5.5%APR).

Amount

30,000

Borrow

Term

10

Years

Repayment

323

Monthly

Total

8,820

Interest

Total

38,820

Repayment

Why choose a Shared Secured Loan?

  • Most people find it easier to repay a loan than replace savings
  • On the spot approval
  • Enjoy even lower rates than our product-specific loans offer
  • Continue to earn any future dividends on your savings account
  • Can be used for just about any purpose
  • Guarantees you won’t spend your savings, as you may not withdraw the pledged amount until your loan is repaid in full
  • Convenient payment options
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Quick Loan Approval

Lower Rate
Any Purpose
Cost Effective
Convenient