Michael Creed (Cork North West, Fine Gael) | Oireachtas source

I am familiar with loans that have been approved. I have had many approaches from people and, by way of information, I have to say it is not the Department that approves them but the individual banks. I have personal knowledge of loans being approved for constituents with terms of six years and others with terms fewer than six years. The full profile is there, but we await the detailed feedback from the banks to see what the outcome is, and we will share that with the committee as soon as we have it. We are very anxious to ensure that whatever lessons need to be learned from the scheme are learned but I am very satisfied that in the negotiations, we constructed a scheme that was unlike anything in the marketplace up to now.