Your Money Matters: A Weekly Financial Q&A with Capital Credit Union

by Gazette Reporter
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To read last week’s Q&A on Nominations & Probate, please click here.

Q: I’m contemplating undergoing some work on my home to make it more energy efficient, and I came across Capital Credit Union’s Green Loan option. What are the advantages of applying for a Green Loan over a standard one?

A: We offer a range of reduced rates on our Green Loans starting at 5.9% (6.06% APR) on loans over €20,000, making our Green Loans a great option for members looking to make energy efficient upgrades.

At Capital Credit Union, we place a high value on sustainability and were one of the first Credit Unions to set up a Sustainable Energy Community. That’s why we offer Green Loans, designed to assist our members work towards adopting a more sustainable lifestyle. With a green loan, you will improve your home’s energy rating and use less energy. This will help you save money on bills and also reducing your carbon footprint.

With a Green Loan, you have the flexibility to finance various improvements such as insulation, ventilation systems, heat pumps, solar panels, boiler upgrades, heating controls, or even the purchase of an electric or plug-in hybrid car, complete with a home charger if needed.

Click here to find out more about our Loans.

Q: My wife and I are expecting our third child, and we would like to convert our dormer attic into a bedroom. What kind of loan can Capital Credit Union offer us?

At Capital Credit Union, we provide a Home Improvement Loan tailored to support various home projects, including dormer attic conversions. You can borrow up to €100,000 with a competitive interest rate of 7.9% (8.2% APR) or if you are a first-time borrower you could avail of our Welcome Loan at just 6.9% (7.1% APR).

With a Home Improvement or Welcome Loan, you’ll benefit from flexible repayment options tailored to suit your needs, ensuring that you can manage your loan comfortably.

Additionally, there’s no penalty for early repayment, giving you greater control over your finances. Eligible borrowers also enjoy the peace of mind provided by our free loan protection insurance, subject to terms and conditions.

At Capital Credit Union, we believe in transparency. That’s why there are no hidden transaction fees or administration charges associated with our Home Improvement Loan. You’ll know exactly what you’re paying for from the outset. Please keep in mind that all loans are subject to approval. If you’re considering converting your dormer attic into a bedroom or any other home improvement project, we’re here to help. Simply reach out to discuss your options or to begin your loan application process.

Click here to find out more about our Loans.

Q: I need to take out a personal loan to cover the cost of my dream wedding. Can Capital Credit Union help?

A: We understand that your dream wedding is a significant milestone in your life, and we’re here to help make it a reality. Our Make It Happen loan is specifically designed to provide financial assistance for important life events, such as weddings, ensuring that you can celebrate your special day without any unnecessary stress or worries.

With a high approval rating of 95pc and flexible repayment options tailored to suit your financial circumstances, our Make It Happen loan offers the flexibility you need to manage your loan comfortably.

At Capital Credit Union, we believe that peace of mind is priceless which is why our personal loans include free loan protection insurance to provide you with an extra layer of security, ensuring that you are financially protected in unforeseen circumstances. 

To get started, simply reach out to us by phone, online, or in-person to discuss your options. 

Click here to find out more about our Loans.

Q: I’ve heard that Capital Credit Union offer a Welcome Loan when you join their branch. Is it only brand-new members who can avail? I have been a member for 2 years but have never taken a loan.

A: We do offer a welcome loan scheme, not just to new members but to any member who hasn’t borrowed with us before or who hasn’t had a loan with us in the last 3 years. With a special reduced rate of just 6.9% (7.1% APR*), and ranging from €3,000 to €100,000, the loan can be spent on whatever you need – a new car, home improvements, or anything else.

What sets us apart is our commitment to transparency and customer satisfaction. With no hidden transaction or administration fees, coupled with our fast and friendly service, you can expect a swift decision on your application, typically within 24 hours. We offer flexible repayment options with no penalties for early repayments.

Our Welcome Loan also includes free loan protection insurance, providing you with an additional layer of security for your peace of mind. As with all loans, it’s important to meet your repayments on time, not only to safeguard your credit rating but also to ensure your future access to loan opportunities.

Click here to find out more about our Loans.

To read Your Money Matters Q&A on Mortgages, please click here.

To readYour M only Matters Q&A on Nominations & Probate, please click here.

Capital Credit Union is regulated by the Central Bank of Ireland. Loans are subject to approval. Terms and Conditions apply. Warning: 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. * APR = Annual Percentage Rate

Representative example: €20,000 loan repayable over 4 years. Rate of interest 5.9% per annum variable. *APR (Annual Percentage Rate) 6.06%. 60 monthly repayments of €385.73 per month. Total amount payable is €23,143.60

Representative example: €15,000 loan repayable over 5 years. Rate of interest 7.9% per annum variable. *APR (Annual Percentage Rate) 8.2%. 60 monthly repayments of €303.43 per month. Total amount payable is €18,205.71. Loans are subject to approval. Terms and conditions apply.

Representative example: €18,000 loan repayable over 7 years. Rate of interest 6.9% per annum variable. *APR (Annual Percentage Rate) 7.1%. 84 monthly repayments of €270.79 per month. Total amount payable is €22,746.29

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