Standard Personal Loans – 11.95% (Typical APR 12.68%)

At First Choice Credit Union, we realise there’s a whole range of reasons why you might want a Personal Loan, such as Holidays, Special Occasions, Medical, Dental, Legal & Funeral Expenses, Payment of Debts, Weddings, Car Repairs etc..

Maximum loan € 80,000.(depending on purpose)

loan_personalFlexible Maximum term of 10 years

Free Life Insurance (T&C’s apply)

Optional repayment protection insurance available

Range of repayment methods available

Loan interest rebate may be payable on this loan rate only.

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First Choice Loans – 11.95% (Typical APR 12.68%)

Some regulated money lenders typically charge interest rates 10 times that of the Credit union. We want to make sure our members can borrow at a reasonable rate for their day to day expenses so we developed the “First Choice Loan”.

The maximum net loan is €1,000.

First-Choice-LoansFlexible The maximum term is 1 year.

How to borrow a First Choice Loan of €1,000 over 1 year*
Bring along your existing repayment book from the money lender together with proof of income (one payslip/pension slip, social welfare slip etc).
or
Save €20 per week for at least 6 weeks
or
Have your wages, pension, social welfare paid direct to your credit union account
*Loans are subject to approval. Terms & Conditions apply

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Home Improvement Loan – Interest Rate 10.50% (Typical APR 11.06%)

For all home Improvements including extensions, renovations and redecorating.

loan_homeMaximum Loan is € 80,000.00

Terms up to 10 years.

Free Life Insurance (T&C’s apply)

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Car Loans – Interest Rate 8.50% (Typical APR 8.84%)

Drive the best deal with a Car loan from First Choice Credit Union. We offer members car loans at the fantastic low interest rate of 8.5%

Rate is available for new or used cars, vans, motorbikes, crew-cab/jeeps, camper vans etc

loan_car

Max Term is 5 years.

Maximum Loan €50,000

Free Life Insurance (T&C’s apply).

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Commercial / Agri Loans – Rates ranging from 8.50% (APR 8.84%) to 11.95% (APR 12.68%)

The success of your business is as important to us as it is to you. Local business provides local employment which is good for everyone in the community. From small start-ups to expanding operations, we’ll help to support you every step of the way. With your Credit Union, you’ll have a trusted partner who’s always looking out for your best interests.

 

Agri-Commercial-LoanMax Loan Amount is €80,000 (depending on purpose).

Maximum loan period of 10 years.

Free Life Insurance (T&C’s apply).

Optional repayment protection insurance available where applicable/eligibility.

Range of repayment methods available.

Flexible meeting times (We are open on Saturday’s).

Loan Calculator Apply Now


Student Loans 6.5% (Typical APR 6.71%)

Invest in your future with a Student Loan from First Choice Credit Union.

At First Choice Credit Union, we know how important an education is in today’s world.
We are committed to helping students & parents manage the increasing cost of education
by providing flexible student loans at very competitive rate of 6.5%.

loan_studentsWith a Student Loan you can borrow for…

  • Full Time Courses
  • Post Graduate/Masters
  • College Fees
  • Equipment /Tools/Books
  • Accommodation/Rent
  • Mature Students returning to College
  • Bridging Loan for Grants and much more

Maximum Loan €20,000

Free Life Insurance Cover (T&C’s apply)
Terms up to 5 years

Loan Calculator Apply Now

Win a Student Survival Pack!

Every member who takes out a student loanstudent_pack will be entered into a draw to win a Student Survival Pack. This pack contains all the essentials to get you through College in 2017/2018 including a Smartphone, Rucksack, phone credit, Credit Union Hoodie, T-Shirt, Jacket, Wooly Hat, USB Key, Insulated Coffee mug and lots more. Draw will take place on 20th October. Winner will be notified by phone.

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Share Secured Loans 6.5% (Typical 6.71% APR)

A Share Secured Loan allows you to borrow up to the value of your savings.

A Share-Secured Loan is a cost-effective way to access funds while leaving your savings untouched and available for future needs.

loan_peopleOur 100% Share Secured Loan is available to members who wish to borrow up to the amount in their savings at the special low rate of 6.5% (6.71% APR)

Benefits

  • Most people find it easier to repay a loan than replace savings
  • On the spot approval
  • Enjoy even lower rates than our product-specific loans offer
  • Can be used for just about any purpose
  • Both Savings & Loans of eligible members are covered by Free Life Insurance.
  • If you withdraw your savings you may reduce your Life Savings Insurance benefit.
  • When you have the loan repaid you still have your savings, plus dividends earned, intact.
  • Convenient payment options
  • Terms up to 5 years

Loans are subject to approval. Terms & Conditions apply.

Loan Calculator Apply Now


Community Loans – Interest Rate 6.00% (Typical APR 6.17%)

Your Credit Union is committed to the local community. Whatever the project, we are here to help!

 

Community-LoansLoan purposes can include:

  • sport and recreation;
  • culture and heritage;
  • the arts (within the meaning of the Arts Act 2003);
  • health of the community;
  • youth, welfare and amenities; and
  • natural environment.

Maximum loan period of 5 years

Maximum loan € 30,000.

Range of repayment methods available.

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House Loans– 5.50% (Typical APR 5.64%)

Buying a home is a big step. Your Credit Union is here to help you on your way. Whether it’s your first time, second time or last time we are here to CU home.

Buy or Build

The Loan must be a member(s) to purchase, construct or significantly renovate their principle private residence.House-Loans

  • Maximum term is 20 years
  • Maximum Loan to Value for first time buyers is 90% and for non-first time buyers is 80%
  • Maximum loan is the lesser of 3.5 times income or €100k.
  • A first legal charge is required.
  • Free Life Insurance (T&C’s apply)
  • Flexible meeting times (We are open on Saturday’s)

 

Site Purchase

The Loan must be for a member(s) to purchase a site upon which to construct their own principle private residence.

  • The maximum term is 6 years
  • Maximum Loan to Value for first time buyers is 90% and for non-first time buyers is 80%
  • Maximum loan is the lesser of 3.5 times income or €80k.
  • Minimum loan is € 20,000.
  • A first legal charge is required.
  • Free Life Insurance (T&C’s apply)
  • Optional repayment protection insurance available

 

Switcher Mortgage

The Switcher Mortgage Loan must be for the member(s) principle private residence.

  • The maximum term is 20 years
  • A first legal charge is required.
  • The amount advanced under the switcher loan must not exceed the amount outstanding under the existing housing loan.
  • Free Life Insurance (T&C’s apply)
  • Optional repayment protection insurance available

 

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Supporting Documentation

It is our aim to provide an efficient and professional service to members and to ensure a speedy application process. We encourage members to have supporting documentation ready at application stage.

Call us on 094 9022969 (Dial 2) for the details of the documents required or click on the following : Supporting Documentation

Download Pdf (PDF to Loan Application Supporting Documentation)

Financial Help – Difficulties with Loan Repayments

If you are in financial difficulty meeting your loan repayments, we have a team dedicated to Credit Control to help you.

If your circumstances have changed, we can work together to help you manage your debts.

If you are in financial difficulty:

Contact our Credit Control Team on
Tel: 094 9022969 (Dial 3)
Email: creditcontrol@fccu.ie

By contacting First Choice Credit Union early and
explaining why you are in financial difficulty, we will be in a much better position to assess the situation. We can then offer you some guidance and assistance.

Credit Control may ask you to complete a Financial Review and submit your up-to-date proof of income.

NOTE: Please do not ignore our letters or phone calls, as failure to do so may affect your credit rating and may result in legal action.