Tipperary Credit Union is the first in Ireland to offer a new “Revolving Credit” Financial Product.
The new product is now available and was officially launched at the Headquarters of Tipperary Credit Union, in Emmet Street Tipperary town, last evening.
Tipperary Credit Union has 5 branches – Bansha, Dundrum, Doon and Plassey in Castletroy and is supported by almost 28,000 members.
The new product is a loan facility where members can make an application for a credit limit of up to €8,000.
The paperwork is only required once and is valid for up to 3 years.
The approval is based on ability to meet the repayment schedule over the term of use – which can be 1 – 3 years and there is no penalty for early repayment.
Interest is charged on the outstanding loan balance only and as repayments are made the available loan amount increases. Interest rates of 9.9% to 10.4% will apply, making it an attractive alternative to credit cards.
Tipperary Credit Union has a Freephone number for any inquiries which is 1800 62 22 62. The “revolving credit” can be used for any purpose and Credit Union management are advising that Tipperary Credit Union offers a range of specific products for purposes such as seasonal expenses, car purchase, home improvement, or home purchase.
Full details can be found on www.tipperarycu.ie
