Crosshaven - Carrigaline Credit Union, Point Road, Crosshaven, Co. Cork
021 483 1441 info@croscarcu.ie
Our Credit Union is for People, not profit!

Loans

Loans at Crosshaven & Carrigaline Credit Union Limited

The two most important things about a loan are, being able to borrow the money and being able to repay it. At Crosshaven & Carrigaline Credit Union Limited we encourage you to manage your money carefully by structuring loans around your needs and your ability to repay. Establish a good savings record by saving regularly so as to build up security for your loan.

The Credit Union will consider loan applications from members for any worthwhile purpose. Each application is treated in the utmost confidence and will be considered on its own merits. It is credit union policy to meet the borrowing requirements of as many members as possible, depending on the available funds.

Applications for loans are made on a standard loan application form. Loans can be applied for by calling to our office, by telephone or via the members section of the web site. Our staff will give you any assistance required. Loans will then be considered by a Loan Officer, or will go to the weekly Credit Committee meeting.

Loan Rates

At Crosshaven & Carrigaline Credit Union Limited we have 6 very attractive rates of interest.

  • Standard Loan 10.9% (11.5% APR)
  • Car Loan 8% (8.3% APR)
  • Educational Loan 6% (6.16% APR)
  • One Year Loan 8% (8.3% APR)
  • Share Secured Loan 6% (6.16% APR)
  • Home Renovation Loan 8% (8.3% APR)

Click on any section below to expand view

  • There are no hidden fees or transaction charges
  • Our interest rates are fair and reasonable compared to others in the market
  • Repayments are calculated on your reducing balance, so you pay less interest with each repayment
  • Your credit union loan is insured - subject to terms and conditions - at no direct cost to you. Other lenders charge for this
  • You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty. Other lenders may charge you extra for paying them back faster!

 

Our loan rate of 12% means you can borrow at a reasonable rate of credit compared to other financial providers – compare us to other financial service providers and you will see that you get a great deal at Enniscorthy Credit Union Ltd.

To begin with, you have to be a member of Crosshaven & Carrigaline Credit Union Limited. For more information on becoming a member please click here. For members, please visit or call us and we can discuss your needs and give you an application form.

In deciding whether or not to grant the loan the loan officer or credit committee will take into account the members record of savings and loan repayments, as well as ability to repay. Once the loan is granted the member will be asked to complete a promissory note, which is a legally binding document being a promise to repay the loan, and to commit to regular repayments.

Remember - only members are eligible to receive loans from your credit union.

Loans are subject to approval. Terms & Conditions apply

What we require:

1. Proof of Income

  • Employed - 3 recent pay-slips
  • Self-employed - Most recent set of accounts and latest tax returns/Notice of self-assessment
  • Social Welfare – 3 recent payment receipts
  • Retired – Proof of all pensions

 

2. Outgoings

  • 3 Months (up-to-date) bank statements
  • Mortgage statement (if applicable)

 

3. Photo I.D.

  • Passport
  • Drivers Licence
  • Student Card

 

You can download a loan application form here and send it back to us by post or E-mail it back to us as a scanned document in an attachment to loans@croscarcu.ie. All relevant documents must be supplied with the loan application.

If you would like to submit a loan enquiry to us, please contact us using the form below and we will be in touch

Your Name (required)

Your Email (required)

Loan amount (required)

Required time for Loan -Years -(required)

Your Message

I authorise Crosshaven Carrigaline Credit Union to make any enquiries deemed necessary to process this application. I understand this may involve the use of the Irish Credit Bureau or a Credit Reference Agency(required)

Yes

Credit unions are flexible with regard to repayment plans, though there are some legal limitations to length and amount of loans. The member will be advised on the best repayment plan to meet their own circumstances. Members are generally advised to repay a loan in as short a time as possible. 10 years is currently the maximum loan term. Should a member experience difficulties in meeting repayment commitments, they should immediately explain the situation to the credit union, which will treat the matter sympathetically and in total confidence. Depending on circumstances, the loan will be renegotiated if possible.

There are no penalties associated with clearing your loan quicker than agreed.

By law credit unions cannot charge any more than 1% per month on the reducing balance of a loan. This represents an interest rate of 12.71% APR (Annual Percentage Rate). Credit unions do not charge fees or transaction charges. The Credit Union is currently offering competitive rates. View our loan calculator to see how reasonable a credit union loan could be. We also have regular promotional rates of interest. Since the interest is charged only on the outstanding balance of the loan, you will pay even less if you repay in a shorter time than planned.


* All figures given on this web site are for your general information only, and give a rough guide to loan repayments. Any statements on this web site do not purport to be authoritative or legally binding. Crosshaven & Carrigaline Credit Union Limited accepts no responsibility for errors due to changes in rates or offers which have occurred after this date. You are advised to check with our offices for up-to-date rates and offers.

Types of loans available:
Amount you'd like to borrow (€)
Repayment term:
For how long (years):

Each repayment will be:
Your total repayment will be:
The total interest will be:

Whilst every care has been made in the production of this document, Crosshaven & Carrigaline Credit Union Limited, or its staff, cannot be held responsible for any omissions, errors or other mistakes made herein. This document is for illustrative purposes only, so as to give you, the borrower, an overview of the potential cost of borrowing and does not constitute an offer of finance or repayments.

You can download our loan application form here and send it back to us by post or E-mail it back to us as a scanned document in an attachment to loans@croscarcu.ie. All relevant documents must be supplied with the loan application

If you would like to submit a loan enquiry to us, please contact us using the form below and we will be in touch

Your Name (required)

Your Email (required)

Loan amount (required)

Required time for Loan -Years -(required)

Your Message

I authorise Crosshaven Carrigaline Credit Union to make any enquiries deemed necessary to process this application. I understand this may involve the use of the Irish Credit Bureau or a Credit Reference Agency(required)

Yes