Surge in loan applications at Kilkenny’s largest credit union

A drop in interest rates saw a surge in loan applications at Kilkenny’s largest credit union in the last month.

St Canice’s announced a reduction of 2% in interest rates for loans between €25,000 and €50,000 back in December and say its resulted in a significant hike in the level of applications.

The increase also shows a number of people switching existing bank loans to their local Credit Union.