Ashbourne Credit Union

Loans

Thinking about a loan? Look no further than Ashbourne Credit Union for all your personal lending requirements.

We are now looking ahead to EURO 2012 and will endeavour to meet our members needs as best we can with holiday loans stretching over longer periods. We would also suggest that members now put a savings plan in operation to help defray the costs. Come in and talk to one of our financial advisors and let us help you draw up a budget.

Loan Requirements

  1. You need to be a member for 2 months, during which time you should build up a record of savings.
  2. You can download a loan application form from this site, or collect one from our office. Return fully completed form by 4 pm any Tuesday and you will have a decision on the Thursday morning.
  3. Loan Applications will be assessed on the basis of credit rating and ability to repay. 3 months recent bank statements, 3 recent payslips and proof of any other income will be required to support all first time loans and loans of €4,000.00 above member's shares. However, these can be requested for smaller loans. It would also be useful to produce documentation pertaining to the particular type of loan, i.e. credit card statement for credit card loan, estimate for home improvement loan etc.
  4. Note – All loans from members outside the Common Bond (see section on Membership) in addition to loans for amounts over €35,000, must go to the Board of Directors which meets once a month only.

What are the advantages of a credit union loan?

Your loan is insured at no extra cost to you subject to certain terms and conditions. This means that in the unfortunate event of your death, your loan will be paid off in full.

There are no extra fees or charges for setting up the loan.

There are no penalties for lump sum payments or early redemption.

Should your financial circumstances change, there is usually some flexibility to re-negotiate your repayments.

Click here to download your loan application form

Direct Debits Loans can be repaid directly from your bank account by direct debit. These can be set up monthly or weekly (whatever day suits you). Click here to download a direct debit mandate, complete and return to us.

NOTE - St. Declans Ashbourne Credit Union is unaffected by the recent lending restrictions announcement and continues to offer and promote loans to its members. If you have any queries, please do not hesitate to speak to a member of staff.