Community Loan – from 5.25% (Typical APR 5.38%)

This loan has been designed to offer local community groups, organisations, and charities access to capital to help make their vision become a reality.

This loan has been developed to support projects and initiatives within the following areas: sport and recreation, culture and heritage, the arts, health of the community, natural environment projects and youth, welfare, and amenities.

Community Loan Secured:

• Secured rate of 5.25% (5.38% APR).
• Minimum loan is €1,000. Maximum loan is €300,000 per borrower.
• Maximum loan term of 20 years.
• No penalty for early repayment.
• Flexible repayment options.

Community Loan Unsecured:

• Unsecured rate of 6.00% (6.17% APR).
• Minimum loan is €1,000.
• Maximum loan is €100,000 per borrower.
• Maximum loan term of 10 years.
• No penalty for early repayment.
• Flexible repayment options.

Who can apply:

Groups, organisations, clubs and charities based or headquartered in First Choice Credit Union’s Common Bond.

How to apply:

If you would like to find out more, please contact a member of our lending team on 094 9022969, email loans@fccu.ie. or call in to any of our offices in Achill, Balla, Ballyhaunis, Castlebar, Kiltimagh or Swinford. Alternatively, you can make an enquiry online by hitting the below.

Local groups, clubs, organisations and charities may also be interested in our Community Fund.

Loans are subject to approval. Terms & Conditions apply.