Could You Save Money by Switching Your Loan to Tower Credit Union?

Many people take out a loan with their bank or finance company and never think about the interest rate again.

But if you're paying more than 6.45% APR on a loan with another lender, it could be worth taking a second look. A lower interest rate could reduce your monthly repayments, cut the amount of interest you pay over the life of your loan, and leave more money in your pocket.

Why Consider Switching?
Refinancing your loan with Tower Credit Union could mean:

• Lower repayments.
• Less interest over the life of your loan.
• More money in your pocket.
  
  Even a small difference in your interest rate can add up to significant savings over time.

Is Switching Difficult?
Not at all. If you’re already a member of Tower CU simply apply for a loan to cover the outstanding balance on your loan via our App or at one of branches. If you’re not yet a member signing up is easy – simply apply online at TowerCU.ie or download our App to get started. To become a member you must be living or working within our common bond - map of common bond available on TowerCU.ie.

More Than Just a Great Rate
At Tower Credit Union, you'll also benefit from:

• Competitive loan rates from 6.25% (6.43% APR) on personal loans over €10,000*.
• No hidden admin fees.
• No penalties for paying your loan off early.
• Free Loan Protection Insurance* (Ts&Cs) apply.
• Friendly, local lending decisions.
• A team that's here to help every step of the way.

It Could Be Worth Switching
If your loan is with another bank or finance company, don't assume you're getting the best deal.
A quick conversation with Tower Credit Union could help you discover whether you could save by refinancing your existing loan.

Talk to Tower today and see if switching could save you money.

Typical Example as at 09.06.26 Monthly repayments of €194.51 with a rate of 6.25% (APR 6.43%) based on a loan amount of €10,000 over a repayment period of 60 months. Total cost of credit €1.670.23. Total amount repayable €11,670.23. Loans are subject to approval. Terms & Conditions apply. If you do not meet the repayments 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. Tower Credit Union Limited is regulated by the Central Bank of Ireland.