Your Choice Loan, with a specially reduced interest rate of 4.25% p.a. variable, is available to all members who are looking to release equity from the value of their home to: Assist a family member in buying a property; undertake major house extension or refurbishment ; pay legal settlements.
Equity Release Loan
Maximum loan term is 10 years
Maximum LTV (Loan to Value) ratio is 50% i.e. the maximum loan amount available would be less than or equal to 50% of the value of your property
Legal charge is required on the property in all circumstances
Free Loan Insurance.
Members can also avail of our free Loan Protection Insurance, which clears a member's loan balance in the event of death (assuming the member was in good health at the time of taking out the loan).
KNOW YOUR Equity Release LOAN.
€50,000 loan repayable over 120 months
120 monthly payments of €512.19
Rate of interest 4.25% p.a. variable
Representative 4.34% APR
Total Amount Payable is €61,462.52
5 Great Reasons To Apply Today!
Quick decisions for most loans.
No penalties for early repayment.
Free Loan Insurance cover.
Flexibility to increase repayments and pay off the loan faster.
No hidden fees or charges.
Find all the forms you need to apply to join St.Patrick's Credit Union. Click here to download forms.
Find all the forms you need to apply for any of our loans Click here to download forms.
Each loan application will be treated with the utmost confidence and will be considered on its own merits. Read more useful information about your loan application.
Your loan application will require proof of identity and address. See a full list of the acceptable forms of ID.
What should you do if you fall behind on your loan repayments?