WITH competitive rates and a community centred approach, it has never been easier to own a new car thanks to the Skibbereen and Bandon Credit Union (SBCU).
The SBCU Car Loan continues to provide a great option for drivers looking to replace or upgrade their car and Breda Rigney is on hand at the Skibbereen branch to talk you through the simple application process.
‘What a lot of people don’t know is that you can become a member and apply for a loan at the same time. You do not need to have a history of savings when applying for a loan at the SBCU as loan applications are assessed on a capacity to repay. Joining the credit union and making an application can be made together, and it only takes a few minutes’ Breda said.
‘So if you live or work in our common bond, you can join our credit union. To apply for a car loan, you will need to provide a valid ID and proof of income. You can borrow, not only for your car but for your car insurance as well. Once you meet the criteria, you’ll get prompt approval, and there are no limits, no fees and no extra charges. However, best of all, and unlike a PCP agreement, there is no final balloon payment.’
Plenty of options
Long-time SBCU member, John McSweeney from Skibbereen is a big fan of the car loan options available at his local credit union.
‘I’m with the credit union now for over 20 years,’ McSweeney noted.
‘The staff are fantastic and are always there to help in any way they can. I change my car every two years or so and what I really like about the service is that you own the car immediately. There’s no deposit to pay and no final payment before you can call the car your own.
‘The credit union car loan also allows me to pay off more, at anytime if I want to, without being faced with penalties or extra charges. The whole process is very flexible, and at the end of the day the Skibbereen and Bandon Credit Union is there for the local community first and foremost.’
‘We always do our best for anyone who applies,’ Rigney said.
‘While our relationship with John has been built up over many years, many people are still not aware that even if they are not members and have no record with us, they can still apply. Everything is down to your capacity to pay, you’ll get quick approval, immediate access to your loan and you’ll get free life cover as well.’
Membership at the SBCU also comes with a lot of extra privileges.
‘One of the most important benefits of membership includes the peace of mind of knowing that if something should happen to you, then your loan dies with you and so there will be no extra stress for family members,’ said Rigney.
For more information about the SBCU car loans or to become a member, you can contact Skibbereen and Bandon Credit Union on 028 21883 or visit www.skibbereencu.ie