Tel: (091) 844306 Fax: (091) 874118 Email: mail@athenrycu.ie

Loans 8.3 % Regular Loan Rate

    Borrowing From Athenry Credit Union  – Benefits Include:

  • No Hidden or additional Costs
  • No Set Up or Documentation Fees
  • Make Larger Repayments Without Penalty 
  • Speedy Loan Decisions
  • Interest Paid on the Reducing Loan Balance
  • Top up and refinancing facilities
  • Loan Protection Insurance provided at no extra cost
  • Electronic payments through the set up of standing orders from your bank account.  Contact us for your IBAN and BIC number for your credit union account.

Compare the real cost of a Credit Union loan with that of other financial institutions take into account our advantages and we think you’ll agree you’re better off talking to Athenry Credit Union

Amount Term Repayment Cost of  Loan
€10,000 5 Years €46.65 weekly €2133.22
€8,000 5 Years €37.32 weekly €1,706.58
€6,000 5 Years €27.99 weekly €1,279.93
€5,000 4 Years €28.09 weekly €843.33

Terms & Conditions Apply

How to apply:

Athenry Credit Union will consider loan applications from members for any worthwhile purpose.  Each application is treated in the utmost confidence and will be considered on its own merits.
Loan applications can be made by calling to one of our offices.
Loan applications will then be considered by the loan officer or credit committee and most decisions are made within 24 hours.

The documentation we require for assessing loan applications are as follows:

1.  Photographic Identification
2.  Proof of Address

We require the above to comply with the Criminal Justice Act 2013.


See apply for membership section for example of the above

3.  Proof of ability to repay loan for example recent payslips and three months recents bank statements.

If you require more information regarding your requirements applicable to your current situation please contact us on 091 844306.

LOAN DOCUMENTATION REQUIRED:

Your credit union will consider loan applications from members for any worthwhile purpose. Each application is treated in the utmost confidence and will be considered on its own merits.
Applications for loans are made on a standard loan application form, and your credit union officers will give any assistance required in completing this form. Loan applications will then be considered by the loan officer or credit committee and most decisions are made within 24 hours.


Criteria for granting loans

In deciding whether or not to grant the loan, the committee or loan officer will take into account the members record of saving and repayments, as well as ability to repay. Once the loan is granted, the member will be asked to complete a promissory note (which is a legally binding document being a promise to repay the loan), and to commit to regular repayments.


Planning and managing repayments

Credit unions are flexible with regard to repayment plans, though there are some legal limitations to length and amount of loans. The member will be advised on the best repayment plan to meet their own circumstances. Members are generally advised to repay a loan in as short a time as possible. Should a member experience difficulties in meeting repayment commitments, they should immediately explain the situation to the credit union, which will treat the matter sympathetically and in total confidence. Depending on the circumstances, the loan may be renegotiated.


Interest on credit union loans

Athenry credit unions does not charge fees or transaction charges. Since the interest is charged only on the outstanding balance of the loan, you will pay even less if you repay in a shorter time than planned. Thus the credit union gives you control of your own finances, even when you are a borrower.


Saving while repaying

Remember, that even the smallest amount saved regularly grows quickly, and that your savings and loan will be protected by insurance. Savings not only help build up your own fund but also contribute to the credit union's fund. 'What I save today may help you to borrow tomorrow'.

Back to Main Loans Page

Find Us here:
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  • Athenry Credit Union
  • Tel: (091) 844306
  • Fax: (091) 874118
  • Email: mail@athenrycu.ie
  • Web: http://www.athenrycu.ie
Athenry Credit Union is regulated by the Central Bank of Ireland and our Reg Number is 71CU