If you have savings built up with Newry Credit Union, you could make use of our saver’s/SOL loan (Shares over Loan). Our saver’s loan is our lowest interest rate loan available to members. You can borrow up to the amount of your unsecured savings (savings not already secured against a previous loan) without having to wait for a decision.
Below are a number of benefits for choosing to borrow a saver’s loan:
- Our lowest interest rate
- The more you save, the more you can borrow
- Quick response
- Protecting your Life Savings Insurance when choosing to borrow rather than withdrawing savings (please visit our Insurance page under Services for more information)
Note: Please ensure to select loan type SOL (Shares Over Loan) when applying for a loan online or you may be added to the normal loan calendar which can take longer for a decision.