Why Choose Our Loan
You may require a loan for different life events – holidays, house refurbishment, car purchase etc. At Bishopstown Credit Union we encourage you to manage your money carefully by structuring loans around your needs and your ability to repay.
When you borrow from the Credit Union, you will find many advantages in comparison to other financial institutions.
- There are no hidden fees or transaction charges.
- Our interest rates are fair and reasonable compared to others in the market.
- Repayments are calculated on your reducing balance, so you pay less interest with each repayment.
- Your Credit Union loan is insured – subject to terms and conditions – at no direct cost to you. Other lenders charge for this.
- You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty. Other lenders may charge you extra for paying them back faster!
- Easy application process