Most financial institutions in this country are profit driven and are totally focused on setting strategies to achieve larger profits. Our ultimate goal is not to make huge profits but to help as many of our members as possible and inject funds back into the community so that all members can enjoy the fruits of lending and saving with each other.
Click here to view some of our amazing loans here at Roscrea Credit Union
Applying For A Loan
The easiest way to apply for a loan is to contact our credit union on 0505 23601 and ask for a loan officer.
Please note the following.
Alternatively if you have your login details you can apply online.
You can also send an email to firstname.lastname@example.org. On the email please let us know your name, your address, your contact details, how much of a loan you need and the purpose of the loan. If you could tell us whether or not you are an existing member of the credit union we would appreciate that. The process is relatively straight forward and we really do appreciate your interest in us.
The maximum personal loan available is €15000.00 plus shares to a maximum of €30,000.00.
Planning & Managing Repayments
Credit Unions are flexible with regard to repayment schedules although there will of course be legal limitations etc. as to the length and amount of loans that can be granted. The member will receive professional advice and guidance as to how much they should borrow and how much they should repay at regular intervals etc.
By law Roscrea credit union and every other credit union cannot charge more than 1% per month on the reducing balance of a loan. This represents an Interest Rate of 12.68% APR. Roscrea currently charges 11.5% P/A for Standard Loans one of the most competitive rates available from any financial institution in the town. The Credit Union also has a secured loan product which charges 7.5%.
Benefits Of Taking Out A Credit Union Loan
Loan applications are treated strictly on their own merits.
Repayments are structured to suit the flexibility of individual needs.
Staff guidance and professional advice at no extra cost. * Reasonable and very competitive interest rates.