Covered loans are very popular with our members coming up to Christmas.
Instead of dipping into their hard-earned savings, our members can choose to take out a Covered Loan and keep their savings intact.
With rates as low as 3.90%APR*, a Covered Loan is cost-effective way to access funds.
✨Enjoy our lowest rates with flexible repayment terms to suit you.
✨Your hard-earned savings remain intact and will be available as the loan balance reduces.
✨The loan can be available within minutes.
✨We operate a free-to-member Life Insurance scheme covering our member’s loan balances.
✨We operate a free-to-member Life Savings Insurance scheme covering our member’s savings balances.
✨Our members find a Covered Loan a great way to build a credit record.
You can borrow up to the value of your savings at a Covered Loan rate. Terms and conditions apply.
*EXAMPLE: Borrow €2,500 at 3.90% APR over 18 months, repaying €32.59 per week, with a total cost of credit of €74.14.
WARNING: If you do not meet the repayment on your loan, your account will go into arrears. This may affect your access to credit in the future.
Affinity Credit Union Ltd. is regulated by the Central Bank of Ireland