Loans

Loans at Sarsfield Credit UnionThe two most important things about a loan are, being able to borrow the money and being able to repay it. At Sarsfield Credit Union we encourage you to manage your money carefully by structuring loans around your needs and your ability to repay.

Why a Sarsfield Credit Union Loan is different;

  • 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 personal loan rate of 9%* 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 Sarsfield Credit Union.

*For a €5,000, 5 year variable interest rate loan, with monthly repayments of €104.00, an APR of 9.4%; the total amount payable by the member will be €6226.25.

How do I apply for a loan?

To begin with, you open an account with Sarsfield Credit Union.

To open an account please bring with you the following to the Credit Union Office:

  • Photographic ID: a current driving licence or passport
  • Proof of Address: dated in the last 6 months - a utility bill, government letter or bank statement.
  • State issued proof of PPSN: Proof of your P60, P45, Medical Card or correspondence from the tax office.
  • If not living in the area, proof of working in the area.

For fast approval of a standard loan please provide:

  • Proof of Income (3 most recent payslips or social welfare receipts).
  • 3 Months Bank Statements.
  • 3 Months Credit Card Statements.
  • Your consent to undertake an Irish Credit Bureau check with your loan application.

Try out our Loan Calculator here.

Loans are subject to approval. Terms & Conditions apply.