Start your journey towards mortgage freedom with a Bishopstown Credit Union Switcher Loan.

A Bishopstown Credit Union Switcher Loan is a personal, unsecured loan for the redemption of outstanding Principle Private Residence (PPR) mortgage balances of between €25,000 and €100,000.  It’s simple, if you have between €25,000 and €100,000 left on your mortgage, you can take out a personal Switcher Loan with us today to pay off this balance and become mortgage free.

Why Switch to Bishopstown Credit Union?

✔ Very Competitive Interest Rate

✔ Swift Approval Process with no lengthy waiting periods

✔ Attain Full Home Ownership

✔ No Legal Process Required

✔ Protection against ECB rate changes

✔ Switching saves you money

Estimate your loan repayments

Loan Calculator

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APR 11.00%

APR 11.00%

Repayment Summary*:

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∗Terms & Conditions Apply. All figures given on this website are for your general information only, and give a rough guide to loan repayments. Any statements on this website do not purport to be authorative or legally binding. You are advised to check with our offices for up-to-date rates and offers.

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Loan Enquiry

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What We Require From You
1

Outgoings

  • 6 Months Bank Statements (most recent)
  • Mortgage Redemption Letter
2

Proof of Income

  • PAYE Employee - 3 recent payslips
  • Certificate of Income
  • Self-employed - Notice of self-assessment (Form 11), Accountants report, 3 years certified accounts
3

Identification

  • Photo ID - Passport / Driving License
  • Proof of Address – Utility Bill, Bank Statement (dated within the last 6 months)
  • Proof of PPS Number - Medical Card, Payslip, P60
Lending criteria

Loan Account

  • Switcher loans must be on a standalone account, held in the name(s) of the property owner(s) who originally secured the mortgage.

Loan Conditions

  • The maximum term available is 10 years. Repayments must be made via EFT. No top-up allowed. Minimum amount €25,000 - Maximum amount €100,000.

Terms and Conditions

  • All Switcher loan applications must be accompanied by a redemption letter from the institution holding the original mortgage. All Switcher loan pay outs must be paid directly in redemption of the outstanding mortgage amount. All applicants must be in permanent employment greater than 2 years.
How to apply

How To Apply

If you are an existing registered member, you can make a full application online. Alternatively, you can call us on 021 4800010 or visit our office to discuss your needs and proceed with your loan application.

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Please note: 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.

If you would like more information on applying for a Switcher Loan with Bishopstown Credit Union, please contact us today.

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