Comparing the Cost of Credit
Do you know how much your personal borrowing is costing you?
Based on borrowing €3,500 repaid monthly over one year:
|
Rate Type
|
APR %
|
Monthly Repayments
|
Total Cost of Credit
|
||
|
AIB
|
variable
|
13.65%
|
€312.36
|
€248.32
|
|
|
Bank of Ireland
|
variable
|
14.5%
|
€313.62
|
€263.44
|
|
| Permanent TSB | Variable | 14% | €312.93 | €255.16 | |
| Ulster Bank | fixed | 14.30% | €313.35 | €260.20 | |
|
Provident
|
fixed |
150.3%
|
€454.65
|
€1955.80
|
|
|
Ballincollig Credit Union
|
variable |
11.6%
|
€309.34
|
€212.03
|
|
Comparison figures courtesy of www.itsyourmoney.ie and www.providentpersonalcredit.ie 15/12/10
Other Reasons why your Credit Union works best for you….
Quick and Easy Application Process
No Fees, charges or penalties
We provide Loan Protection Assurance (life and total disability) free of charge*
Rebate of Loan Interest Paid* This year our members received a refund of 7.5% of the Loan Interest they paid during the year.
