A Credit Union member, who has established a pattern of regular saving,
may apply for a loan.
A loan applicant at B.H.K. benefits from the very special features of a Credit Union loan:
- Applications are processed confidentially and promptly
- There are no hidden fees or transaction charges
- Interest rates are very reasonable
- Interest is paid on the reducing balance of the loan - This means that the interest component of each repayment gets smaller and smaller as time goes on.
- An Interest Rebate applies at the end of each year - This reduces significantly the cost of the loan.
- There are no penalties for early loan redemption or for making additional lump sum payments.
- Loans are insured at no additional cost to the borrower - The loan balance is paid in full if the borrowing member dies.
- Repayment terms may be negotiated to suit the borrower's particular circumstances
- Secured loans available on demand
- Loan terms may extend to 10 years
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For Further Information
Phone or e-mail the office at Main St., Blackrock.
or
Drop in to the Blackrock office.
Applying for a loan could not be simpler, just phone or call in.
What are Credit Union loans for?
The purpose of the Credit Union is to enable us to help each other out. Credit Union loans are especially
tailored to help us deal prudently with those occasions of expense which all individuals and families encounter
from time to time. These include:
- Home improvements
- Motor loans
- Holiday expenses
- New computers
- Wedding and other special occasion expenses
- Back to school expenses
- Many other similar situations
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