Revolving credit is our newest facility which allows you to apply for a credit limit up to a set limit of €8,000.
It is different from a standard loan in that the repayments made replenish the amount available for you to spend. Therefore its a credit that can be used repeatedly up to a certain limit. A normal loan cant be used again after its paid off.
You apply once. If approved you can borrow funds easily up to your credit limit as required. No additional application process.
Interest is charged on the outstanding loan balance only, not the entire credit limit. No separate annual facility charge.
Repay your regular monthly payment as required – this decreases your balance and increases your available funds.
Revolving Credit is similar to a credit card or overdraft whereby you can borrow up to your limit on a continuous basis but with no annual charge.
All loans subject to approval. Terms and Conditions Apply.
Warning – if you do not meet the repayment 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. Tipperary Credit Union Limited are regulated by the Central Bank of Ireland. Figures correct as at January 2023. Limited time offer please contact the office for the end date.
Contact your local office, email info@tipperarycu.ie or Freephone a Loan 1800 62 22 62 for more details.
