first post on Flying in Ireland so my apologies if this isn't in the appropriate forum. Well here goes
I've recently passed an interview and simcheck with an Irish airline and have been offered a position on their type rating course which is a self-sponsoring position.
Would anyone be able to offer any advice as to which finincial institution(s) I might approach reagarding a loan?
I have an account with AIB and the local credit union. However before I approach either of them I'm trying to become a little more informed about what exactly I should be looking for in a loan as well as developing an awareness of the potential caveats which may be associated with the loan process.
I understand that "secured" loans normally have a lower APR than "unsecured", does the rate vary significantly?
There is also the matter of fixed versus variable rate loans.
A colleague of mine had an unpleasant experience with the Credit Union: apparently they increased the rate of interest without informing him. This is the type of thing I'm attempting to pre-emptively avoid.
Awareness is all important and as such I must admit that my knowledge in this area is distinctly lacking.
So if anyone could offer any ideas/advice on this subject I would certainly appreciate hearing from you!
Go raibh m?le maith agaibh!
You should check up http://www.ifsra.ie which is the Irish Financial Services Regulatory Authority who give free independent advice on such matters!
For rates here's a cost survey http://www.ifsra.ie/data/cr_costsur_files/Personal%20loans%20cost%20survey%20-%20issue%203.pdf of the different financial institutions although its from October 06 so the rates may have changed, but it should give you an idea.
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