Education Loan
Take out an Education Loan
6% (6.18% APR)
- For students who are in full time 3rd level Education.
- A letter from the college confirming student’s place.
- Your loan application will be based on your repayment ability.
- Credit Check will apply.
Benefits of a Ballinamore CU Loan
Our interest rates are fair and equal to all Members
There are no hidden fees or transaction charges
You may pay off your loan early without penalty
Loan Calculator
Maximum Loan Term :
6.18%
6.18%
6.18%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
Representative Example
A representative example is a term used in financial regulations. The example will help to show you the typical costs associated with an Education Loan for a certain amount.
Loan Amount€10,000 | Loan Term5 years |
Interest Rate APR6.18% | Monthly Repayment€193 |
Total Interest€1,599 | Total Cost of Credit€11,599 |
Not a Member?
Joining the Credit Union is the best decision you could take for your money. To become a member of Ballinamore Credit Union, you will need to fill in the Membership Application Form online. Once you have completed the form, a member of staff will be in touch with you.
