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Whether you're expanding your business or covering personal expenses, our competitive rate makes borrowing simple and affordable. Take the next step towards achieving your goals today!
Loans
Unlock your potential with our flexible loan options and personalised terms to suit you. Whether you’re planning a big purchase, consolidating debt, or need funds for unexpected expenses, our 12% Standard Loan offers you a competitive interest rate, fast approval, and flexible repayment terms.
Why Choose Our 12% Standard Loan?
- Affordable Rates: Enjoy a fixed 12% interest rate, giving you the confidence to plan your
finances without surprises. - Quick Approval: Get the funds you need, when you need them, with our streamlined
application process. - Flexible Terms: Tailor your loan to fit your budget with customisable repayment plans.
Don’t let financial hurdles slow you down. Take advantage of our 12% Standard Loan today and get the financial boost you need! Apply now and experience the convenience and security of borrowing with us.
Loans can be applied for by calling to our office, by telephone or via the members section of the website. To apply for our loan, please ensure you meet the following requirements:
- Proof of Identity: A government-issued ID such as a passport, driver’s license, or national ID card.
- Proof of Income: Recent pay slips, tax returns, or bank statements to verify your income and ability to repay the loan.
- Proof of Address: A recent utility bill or bank statement to verify your address.
- Completed Application Form: Fill out our loan application form with accurate and up-to- date information. Make sure to have all the necessary documents ready to streamline your application process and increase the likelihood of approval.
Where the amount of shares/savings at the time a loan is approved are equal to or less than the loan amount, those shares /savings become pledged as security for the loan and may not be withdrawn. It is the policy of Ballykelly Credit Union that any money saved after the loan is granted may be withdrawn if the loan is not in arrears.
Facing difficulties with loan repayment can be a stressful experience, but it’s important to address the situation proactively. If you’re struggling to meet your loan obligations, here are some steps you can take:
- Contact Us: Reach out to us as soon as possible. Our Credit Control Officers are always available to discuss loan problems with you or can work with you to adjust your repayment plan temporarily.
- Review Your Budget: Assess your current financial situation to identify areas where you can reduce expenses and allocate more funds toward loan repayment.
- Explore Refinancing or Consolidation: Refinancing your loan or consolidating multiple debts into a single payment with a lower interest rate might help reduce your monthly payments.
- Understand the Consequences: Missing loan payments can impact your credit score and may lead to additional fees or legal action. It’s crucial to address repayment issues early to avoid long-term financial damage.
Taking these steps can help you navigate repayment difficulties and find a solution that works for your financial situation.
