We’ll make it our business to give your business a helping hand. Whether you’ve set up a new venture or you’ve served our community for years, we’d love to jump on board and help you reach your goals.
Apply for a Business Loan today or work out an affordable repayment plan using our handy Loan Calculator.
Now you’re in business…
- 99% approval rate
- No penalty for early repayment
- No hidden fees or transaction charges
- Competitive rates from as low as 5% (5.13% APR)
- Free Loan Protection Insurance (terms and conditions apply)
- Interest calculated only on the outstanding balance of the loan
- Business Covered loan
A business covered loan of €20,000 over 5 year period would cost €387pm at variable rate of 6% (APR 6.17%). Cost of credit is €3,199 and total amount repayable is €23,199
- Standard business loan
A standard business loan of €50,000 over a 10 year period would cost €661pm at variable rate of 10% (APR 10.47%). Cost of credit is €29,290 and total amount payable is €79,290
- Stocking Loan
A stocking loan of €10,000 over a 1 year period would cost €872pm at variable rate of 8.5% (APR 8.84%). Cost of credit is €466 and total amount repayable is €10,466
- Business Consolidation Loan
A business consolidation loan of €20,000 over a 5 year period would cost €430pm at variable rate of 10.5% (APR 11.02%). Cost of credit is €5,793 and total amount repayable is €25,793
- Secured Business Term Loan
A secured business term loan of €150,000 over a 25 year term would cost €877pm at variable rate of 5% (APR 5.13%). Cost of credit is €113,066 and total amount repayable is €263,066
- Set Up/Expansion of Existing Business Loan
A set up/expansion of business loan of €20,000 over a 5 year term would cost €396pm at variable rate of 7% (APR 7.23%). Cost of credit is €3,761 and total amount repayable is €23,761
- Working Capital Loan
A working capital loan of €20,000 over 3 year term would cost €636pm at variable rate of 9% (APR 9.41%). Cost of credit is €2,896 and total amount repayable is €22,896
- Business Plant & Machinery/Expenditure A business plant & machinery/expenditure loan of €20,000 over 5 year term would cost €401pm at variable rate of 7.5% (APR 7.76%). Cost of credit is €4,046 and total amount repayable is €24,046
While every care has been made in the production of this web page, the Credit Union, or any of its staff, cannot be held responsible for any omissions, errors or other mistakes on the site. This web page is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing.
This does not constitute a loan offer. Loans are subject to approval. Terms and 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. For more information, contact us on freephone 1800 23 24 25. Loan amounts and 99% approval rate is based on figures from 2020.
Rates are correct as of 1/10/2020 and are subject to change. Croí Laighean Credit Union is regulated by the Central Bank of Ireland.