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Interest Rates

ACCLM Home Loan Variable Rate Policy Statement

Warning
Under the terms of your home loan agreement, ACCLM charges a standard variable interest rate which it may change at its discretion.
This means the cost of your monthly repayments may increase or decrease from time to time.

What does ACCLM consider when setting the standard variable interest rate applying to home loans?

The standard variable rate is set by taking into account a range of underlying factors incorporating the ACCLM’s cost of borrowing from Rabobank Group, ongoing costs of managing loans including outsourcing costs and bad debt expectations and experience.  In addition, ACCLM takes into account the Rabobank Group’s expected return on capital and a fair profit margin as well as its relative pricing compared to other home loan lenders in Ireland.

How does ACCLM make decisions when setting the Standard Variable Rates?

The Management Team is responsible for approving any changes to the standard variable rate applied to home loans.  The Management Team would consider a change to the current standard variable rate in the event that there is evidence that a material change has occurred in the underlying factors.  If the Standard Variable Rate is changed you will be informed in writing 30 days in advance of the change.  ACCLM is not issuing new loans and, therefore, does not anticipate introducing any new home loan products or products with alternative variable rates.

Could you get a different type of interest rate or avail of a lower interest rate from ACCLM?

ACCLM has only one variable interest rate for home loans, its Standard Variable Rate, which is currently set at 4.4% p.a. 

You may be able to avail of a fixed interest rate for certain periods instead of the Standard Variable Rate if agreed with us.  Fixed interest differ from variable interest and may or may not suit a borrowers individual circumstances.  For example, while fixed interest rates provide certainty as to the amount you will pay each month they may result in more or less interest being charged on your loan over the fixed rate period. 

 Home loans that have fixed interest rates may incur break costs if you repay more than contracted during the fixed period.  Our current fixed rates are available on our website http://www.accloanmanagement.ie and may change or be withdrawn at any time, subject to notice periods.  

Personal Loans
Personal Loans Variable rate  APR**
11.00% 11.46%
Home Loans
Home Loan Variable Variable rate APR**
 4.40%  4.47%
Home Loan Fixed+  Fixed Rate APR**
1 Year Fixed 4.65% 4.50%
3 Year Fixed 5.20% 4.73%
5 Year Fixed 5.55% 5.06%

The following interest rates are no longer available for new business.
Rates applicable to other loans are available on request.

Current Accounts – Business (Variable rates)*

Debit interest  Authorised
balances
APR** Unauthorised
balances
APR**
Overdrafts 9.45% 9.79% 15.45% 16.37%

Current Accounts – Personal (Variable rates)*

Debit interest  Authorised
balances
APR** Unauthorised
balances
APR**
Overdrafts 9.45% 9.79% 15.45% 16.37%

Business Loan interest rates*

Term loans Variable rate APR**
Up to 1 year  9.00% 9.31%
1 - 5 years 9.00% 9.31%
6 - 9 years 9.25% 9.58%
10 years and upwards 9.50% 9.84%
Bridging loans 9.50% 9.84%
Milk quota loans 8.70% 8.99%

 

* Account is no longer available.
** APR is the ‘Annual Percentage Rate’.
+ Home Loan Fixed Rates are fixed for the specified term.

The prevailing Home Loan Variable rate will apply thereafter.
This notice is for Information purposes only.

Terms and Conditions apply.
All interest rates referred to, with the exception of the Home Loan Fixed rates, are variable.
Customers are advised that the following interest rates are correct as of 30 June 2014.

You can contact ACC Loan Management by telephone on LoCall 1850 708888, via email at enquiries@lgassetservices.ie

Or via our website on our contact us page with any queries.

WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.

Warning: 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.

For a Variable Rate Loan:

Warning: The cost of your monthly repayments may increase.

For a Variable Rate Loan:

WARNING: THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.

For a Fixed Rate Loan:

Warning: You may have to pay charges if you pay off a fixed-rate loan early.

Where you are consolidating debt:

Warning: This new loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.