Large loan sale at Cavan CU

Cavan Credit Union has announced a large loan sale for the New Year.

Speaking to the Anglo Celt, Therese Conway, CEO, advised: “We are repeating the success we have had in previous years with our January Loan Sale, but this year it is even bigger and better. For a limited time, in January and February, we are reducing the rate of large loans - €20k to €50k - to our lowest ever rate, a very competitive 5.9% (6.06% APR)."

This means that a loan of €50,000 over 10 years would cost €553 per month with the total cost of credit paid €16,311. "This is our lowest ever rate yet on large loans and beats most of the other loans offers out there, with the benefit of borrowing locally, from an institution you trust," added Ms Conway.

They are multiple ways to apply including in person at the branch, online or via the app.

"For members who can’t make it into the office, you can now complete the whole process from applying for the loan, to drawing it down online, through our website or our App. Also if you want to see what different amounts over different terms cost you can go online to the loan calculator on our website," highlights Ms Conway.

Those who want to borrow early in the New Year can apply now so as you have their application approved and loan ready to draw down.

"Approval lasts for three months, so you can plan ahead now," explains Ms Conway.

Added benefits of the Credit Union loan are flexibility on payment, no penalties for early repayment and it is insured in the event of your death, at no extra cost.

Members can apply for the loan through the Cavan Credit Union App, online at or by making an appointment with a member of staff at the Credit Union bank - call 049-4331715.