Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source

On the same point, it is important that the Minister and his officials understand that the banks are not making this money available for a term of six years. It is ranging from two to four years. Numerous people have come to me who would like to have the opportunity to avail of a six year term, but the banks have tried to split the amount into a number of different timeframes for different usages. In truth we anticipated that it would not be overly cumbersome but the banks have refused quite a few people. It is as important for the Minister and the Department to have the analysis on how many people the banks have refused, the reasons for refusal and any other information the Department can acquire. If a person is refused a loan under this scheme, does he or she have the opportunity to go to the Credit Review Office to have the decision reviewed?

If the Bank of Ireland has allocated all the money, but a decision is under review, is it possible for that person to get a loan at 2.9%, or will he or she fall into a different category? From my experience when a bank's provision for low interest loans is gone, it is tough luck as the money is gone.