Share Secured Loans
One of the easiest & cheapest ways to borrow is to use your savings as security against the loan.
A Loan Secured by Savings allows you to borrow an amount equal to your savings in a fast & secure way.
Especially if you are over the age of 55 and have savings with us, this is the best loan option for you.
By leaving your savings intact in your account, you will not affect your free Life Savings Insurance with the Credit Union, which would reduce if the balance of your money in savings fell after your 55th birthday.
Mitchelstown Credit Union Secured Loan Benefits
- Prompt assessment, less supporting documentation required
- Quick approval for most loan applications
- There are no hidden charges.
- You pay no penalty interest for early repayment.
- Free Life Loan Protection Insurance.