With rates from 6.00%, Bishopstown Credit Union is the wise choice for personal finance.
First-time loan – 6% (6.2%APR Variable)
€5000 loan repayable over 5 years
60 monthly payments of €96.66
Rate of interest 6% p.a. variable
Representative 6.2% APR
Total Amount Payable is €5,799.84
Check your loan simulation on our free loan calculator
FAQ
Bishopstown 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.
It is Bishopstown Credit Union policy to meet the borrowing requirements of as many Members as possible, depending on the available funds. The granting of a loan is also dependant on the member’s individual capacity to meet the proposed repayments. Providing loans for Members is one of our main functions. Here at Bishopstown Credit Union, loans are provided on reasonable terms to Members, ensuring that money is injected back into the local area for the benefit of Members and the community as a whole.
Why should I go to Bishopstown Credit Union for my loan?
First-time lenders can avail of 6% (6.2% APR) loans (when repayments are made electronically ).
If this is not your first-time loan with Bishopstown Credit Union, there are a number of options available to you:
- Auto Loan 6.99% (7.2% APR)
- Home Improvement Loan 6.99% (7.2% APR)
- eLoan 7.99% (8.3% APR)
- Counter Loan 8.49% (8.83% APR)
Call us on 1850 924890 to discuss your options. Check out our Loan calculator.
Compare these rates with other institutions and we are sure you will be pleasantly surprised.
Where can I apply?
Applications for loans are made on a standard loan application form. Loans can be applied for over the phone on 1850 924 890 or by calling to any one of our offices (Wilton Road, Wilton Shopping Centre).
Our staff will give you any assistance required and can speak with you in private. Loans will then be considered by a Loan Officer, or will go to the weekly Credit Committee meeting.
What do I need to apply for a loan?
Prior to calling our eServices line on 1850 924 890, please have the following to hand:
- Membership details
- Loan required
- Loan purpose
- Estimated repayment amount – how much can you afford to pay back?
Members will be asked to provide Bishopstown Credit Union with a recent payslip, current account statements or further documentation to help support loan applications. Bishopstown Credit Union Ltd. is a member of Irish Credit Bureau (I.C.B.) who perform credit checks on Members. This is standard practice and we appreciate your cooperation in this matter.
What happens when I make the application?
In deciding whether or not to grant your loan, the loan officer or credit committee will take into account the following:
- Your record of savings
- Your loan repayment record
- Your ability to repay
- The purpose of the loan
What happens when I am successful?
Once the loan is granted, you will be asked to sign a legally binding document being a promise to repay the loan, and to commit to regular repayments. You will then receive your loan, in the form of a cheque, electronic transfer or a lodgement to your LINK account.
Please remember: Only Bishopstown Credit Union Members are eligible to receive loans from Bishopstown Credit Union.
What happens if I am not successful?
You will be contacted once a decision has been made. If you are not successful, you may ask the loans officer for a reason. Bishopstown Credit Union does not encourage Members to borrow beyond their means. Instead, the focus is on managing your finances.