Share Secured Loan
Take out a Share Secured Loan
4.95% (5.06% APR)
- A decision can be made straight away.
- The amount of the loan will remain in shares for the duration of the loan.
- For loans over €2000, we will consult the Central Credit Register (CCR) to check your credit history, with your approval.
Benefits of a Ballyconnell CU Loan
Our interest rates are fair and equal to all Members
There are no hidden fees or transaction charges
You may pay off your loan early without penalty
Loan Calculator
Maximum Loan Term :
5.06%
5.06%
5.06%
Loans are subject to approval. Terms and conditions apply. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future. Ballyconnell Credit Union Limited is regulated by the Central Bank of Ireland.
Representative Example
A representative example is a term used in financial regulations. The example will help to show you the typical costs associated with a loan for a certain amount.
Loan Amount€3,000 | Loan Term3 years |
Interest Rate APR5.06% | Monthly Repayment€90 |
Total Interest€234 | Total Cost of Credit€3,234 |
Loan Application Requirements
The following information is required in order to process your loan application:
PAYE Employed
- 3 Recent Payslips – last 3 consecutive payslips
- Last 3 months bank statement
Self Employed
- Last Financial Accounts
- Last 3 months bank statement for Business and Personal Accounts
- Self-Assessment Tax Form & Tax Clearance Cert
Not Currently in Employment/Retired
- Proof of Social Welfare/Allowance/Pension
- Last 3 months bank statement
The above list outlines our minimum requirements, however, additional information may be required in order to fully process your application.
Loans are subject to approval. Terms and conditions apply. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future. Ballyconnell Credit Union Limited is regulated by the Central Bank of Ireland.
Not a Member?
Joining the Credit Union is the best decision you could take for your money. To become a member of Ballyconnell Credit Union, you will need to fill in the Membership Application Form online. Once you have completed the form, a member of staff will be in touch with you.
