Mitchelstown Credit Union introduces ‘The Local Loan’

Mitchelstown Credit Union has looked at how we can boost the local economy in this difficult period. Our answer is ‘The Local Loan’.

With ‘The Local Loan’, Mitchelstown Credit Union will give a discounted loan rate of 7.9% to members borrowing to buy local.

We hope this discounted rate will encourage our members to purchase and shop local.

If you are buying a car in Knocklong, using a builder in Ballindangan or a carpenter in Galbally, ‘The Local Loan’ is the loan for you.

Mitchelstown Credit Union finance officer Brian Whelan said: “Our members have shown great loyalty to Mitchelstown Credit Union in recent years and we hope this small gesture helps them and the community in general, who make Mitchelstown and the surrounding areas a great place to call home.”

A €20,000 loan borrowed over 10 years with an APR of 8.2% will cost you €55.76 per week. Cost of credit is €8,991.96. All loans subject to approval. T&Cs Apply. WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future. Credit Unions in the Republic of Ireland are regulated by the Central Bank of Ireland.