Home upgrading is a trend which has seen somewhat of a surge in popularity in recent years – and for good reason.
A refurbishment can completely transform a home. For many, it is also the only affordable option if they find they have outgrown their home and need more space for the family.
Many households planning improvements to their home understandably would not have this spare cash to hand. It can be tempting for them to fund the planned improvements through the credit card. However, with the high levels of interest charged, even if you clear the minimum balance, this can end up being a very pricey decision. For the cost-conscious home improver – a credit union loan is the best option, and are often approved very quickly.
Liam Flannery, Head of Lending for Athlone Credit Union explains why a credit union home improvement loan is a solid choice for those wanting to renovate their home without incurring unnecessary debt.
“We offer the loan at a great value competitive rate so it’s a very cost-effective option. Not only that, here in Athlone Credit Union we pride ourselves in giving our members a fast decision, so you can get started on those renovation plans right away. We are also happy to offer our loans to brand new members – so there is no requirement for you to have saved with us for a period of time before you can avail of the loan.”
“Other benefits to the home improvement loan include the willingness of the credit union to work with each individual borrower to structure repayments in a way that will suit their individual circumstances. There are no hidden fees or administration charges. Borrowers are also free to repay the loan early, should they wish, without any penalties.
“So, whether your plans include building on an extension, overhauling the kitchen, laying new carpets or floorboards, or just giving your home a new lick of paint, talk to us here at Athlone Credit Union. You’ll find we are happy to provide flexible loans of any size to suit your grand design plans,” Mr Flannery stated.
