Standard Loan
Take out a Standard Loan
9.95% (10.42% APR)
- For borrowings such as buying a car, wedding expenses or for a holiday.
- For small business loans such as purchase of a vehicle, tools or equipment.
- We request that you hold an agreed minimum share balance.
- Your loan application will be based on your repayment ability.
- Credit Check will apply.
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 :
10.42%
10.42%
10.42%
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€5,000 | Loan Term5 years |
Interest Rate APR10.42% | Monthly Repayment€106 |
Total Interest€1,367 | Total Cost of Credit€6,367 |
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.
