How to Apply for a Loan

How to Apply for a Loan

Loans can be applied for in our office, by phone or online. Our staff will be happy to give you any assistance required – simply contact us. 😊

Loan applications are considered by a Loan Officer, or go to the daily Credit Committee meeting. In deciding whether or not to grant the loan the Loan Officer or Credit Committee take into account the members record of savings and loan repayments, as well as ability to repay.

When applying for a loan

To assist in the financial underwriting of the loan application, Members may be required to submit supporting financial information such as bank statements and/or payslips.

Once the loan is granted the member will be asked to complete a credit agreement, which is a legally binding document, being a promise to repay the loan, and to commit to regular repayments.

The Credit Union’s objective is to build a quality loan book while responsibly discharging our responsibilities to our savers!

Please remember: Only members are eligible to receive loans from your Credit Union.

See here how easy it is to become a member in just 3 simple steps!

Call our dedicated loans line 094 9371159 (Claremorris) or 094 9541402 (Ballinrobe) or apply online.

Whatever your loan query, contact us, we’re happy to help.

Warning: The cost of your repayments may increase & 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.

…with you every step of the way

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