Home Improvement Loan Promotion (ends 31st Aug 2017)

Home Improvement Loan Promotion (ends 31st Aug 2017)

Home Improvement Loan Promotion (ends 31st Aug 2017)

HOME IMPROVEMENT LOAN PROMOTION

 

Are you interested in putting in a new kitchen, conservatory or bathroom; or maybe you’re planning upgrades to make your home warmer and more energy efficient? We know that any renovation to your home can be stressful and we want to make sure that getting the finance for your home improvement project is not one of those stressful things. To make things easier for our members, you can avail of our Home Improvement Loan Promotional Rate of 7.9% (apr 8.2% Variable) until 31st Aug 2017.

 

To qualify for our promotional Home Improvement rate of 7.9% (APR8.2% Variable) you need to borrow a minimum of €5000. The maximum amount that can be borrowed is €50,000 above shares.

Loans between €5000 to €15000 will need to be paid back over a maximum term of 5 years. Loans over €15,000 can be paid back over a 10 year period. It should be noted that loans over €15,000 will only be considered for improvements in relation to property owned by the member borrowing.

Evidence that expenditure is for Home Improvements may be required: Quotes, Brochures, Invoices, Estimates etc. Additional security may be required for larger loans.

As it is with all our loan products; the amount you can borrow is based on your capacity to make agreed regular repayments. It’s important not to overstretch your finances and to factor in the possibility of future unexpected change of financial circumstance.

You also have the option of paying back your loan early or making additional repayments through our offices or via our Link CU Online banking at any time with no penalty.

 

Loan Repayment Calculator

Please use the Student Loan Option on our Calculator which is the same rate of interest (7.9%) as our promotional rate

Home Renovation Incentive Scheme – Reduce your home improvement costs even more

The Home Renovation Incentive (HRI) scheme enables homeowners or landlords to claim tax relief on repairs, renovations or improvement work that is carried out on their main home or rental property by tax-compliant contractors and that is subject to 13.5% VAT. The HRI is paid in the form of a tax credit at 13.5% of qualifying expenditure, which can be set against your income tax over 2 years. This effectively reduces the rate of VAT to zero on qualifying work, up to a value of €30,000.

How To Apply for my Loan

You can submit an online Loan Application. A member of our staff will then contact you in relation to your loan application. Online applications will be dealt with the following working day. Please note that you need to have registered for online account access in order to submit a loan application in this way.

You can call into one of our Offices, you will receive a loan pack. You can complete the loan application form from the comfort and privacy of your own home. This pack can then be dropped back into one of our offices with the supporting documentation for assessment.

You can download a Loan Application Form. Complete it and return it to any Link Credit Union Ltd office with the required supporting Documentation. Our friendly and dedicated staff members will be happy to assist you in your Loan Application process and answer any questions you may have.

Loan Application Form

You can phone us on 042-9675000 during office hours with your account number. A member of staff will happily take your Loan Application over the phone and advise you on the next step of the application process.

What We Need

All Loan Applications must be accompanied by the following documents before an application can be processed:

2 Recent Payslips / Proof of Income / Social Welfare Slips

3 Recent Months Bank Statements – if you do not have a bank account please contact our office

Signed Loan Application Form

Identification – if not already held on file

In cases where your own income is not enough to support your Loan Application; we may ask for your spouse/partners details to be provided.

 

Normal underwriting rules and acceptance criteria apply.  If you do not meet the repayments on your loan, your account will go into arrears which will affect your Credit Rating. *Variable rates are correct as at 10/05/2017 and are subject to change. Our rates depend on your loan amount and may differ from Representative APR