Loans to members aged seventy years or over | St Patricks Credit Union | People Helping People
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Once a member reaches seventy years of age, Loan Protection Cover ceases.  i.e. the loan balance will not be cleared in the event of the member’s death (as is the case with members under 70 who are in good health and able to carry out their normal duties at the time of taking out the loan).

Accordingly, in reviewing loan applications from members over seventy, the member’s ability to repay will be assessed, and granted where appropriate, on the basis that the maximum loan term will be five years.