Maximum Loan Term :
10.47%
10.47%
10.47%
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.
- Loans are available from €2,000 upward
- Loan terms up to 10 years Unsecured ( Secured Loans maybe a longer term.
- Fixed monthly repayments
- Current Interest Rate 8% / Typical Annual Percentage Rate (APR) 8.3%
- Lending terms & conditions apply
- Existing Businesses or Start Ups, where the owners qualify for membership of Castlecomer Credit Union Limited and who have been active members for at least 6 months.
- Sole Traders, Partnerships and Limited Companies (subject to No.6 above)
- Start Ups must produce a Business Plan that addresses the areas outlined in the “10 Step Guide to Starting Your Own Business” issued by the Local Enterprise Office.
- All applicants must incorporate the creation of at least one new job within the Common Bond area. (A common bond defines the geographical area within which the credit union can operate.)
- An existing business must have an up to date Tax Clearance Certificate, Audited Accounts and Business Plan.
- The loans can be used for
- Working Capital
- Research & development
- Marketing
- Set up of business.
- Purchase of stock
- Purchase of equipment, machinery & business vehicles
- All Loans are subject to the rules set out in the loans policy of Castlecomer Credit Union Limited
- Existing Businesses or Start Ups, where the owners qualify for membership of Castlecomer Credit Union Limited and who have been active members for at least 6 months.
- Sole Traders, Partnerships and Limited Companies (subject to No.1 above)
- Start Ups must produce a Business Plan that addresses the areas outlined in the “10 Step Guide to Starting Your Own Business” issued by the Local Enterprise Office.
- All applicants must incorporate the creation of at least one new job within the Common Bond area. (A common bond defines the geographical area within which the Credit Union can operate.)
- An existing business must have an up to date Tax Clearance Certificate, Audited Accounts and Business Plan.
- Working Capital
- Research & development
- Marketing
- Set up of business
- Purchase of stock
- Purchase of equipment, machinery & business vehicles
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.
Please contact the Loans Department for more information.
Please note Castlecomer Credit Union Limited is governed by the SME rules as set out by the Central Bank of Ireland. You can access the SME guidelines by visiting the Central Bank of Ireland website.
