Dundalk Credit Union will consider loans for everything eg cars, home improvements, furniture, holidays, back to school expenses, student loans etc etc.

To apply

• Apply on-line,
• Telephone,
• or call personally to our office and talk to one of our loan officers.

The choice is yours!

We would like to make it clear to all borrowers that you can apply for as much as you need regardless of the amount in your savings.

Why borrow from Dundalk Credit Union?

• Unbeatable rate at just 6.99% on all loans
• Interest paid on the reducing balance, you pay only on what you owe
• No hidden or additional costs
• Loan protection insurance at no extra cost to the member
  (Condition and limits apply)
• Savings continue to earn a dividend while you repay your loan
  

Saving while repaying

Members are encouraged to continue saving at all times, even when repaying a loan. Remember that even the smallest amount saved regularly grows quickly, and that your savings and loan will be doubly protected by insurance. Savings not only help build up your own fund but also contribute to the Credit Union's fund.

Loan protection insurance

Everyone is nowadays advised to take out insurance to cover outstanding loans in case of death. In Dundalk Credit Union the savings and loan balances of all eligible members are automatically covered (up to certain limits) at no extra cost to the member. This means that you can borrow in the full confidence that your dependants will be protected against this debt in extreme circumstances. There are added advantages to this insurance, and some special conditions.

Loan Protection insurance is the insurance cover Dundalk Credit Union provides on the lives of its borrowing members.

If a member, who is eligible for insurance cover and who has signed a credit agreement, dies with a loan outstanding, the loan balance is paid in full by the insurer.

Dundalk Credit Union death policy covers all eligible members loans up to their 80 th birthday.

In the case of joint accounts, the member eligible for cover is the first named member on the account.

Interest on CU loans

Dundalk Credit Union charge 6.99% on all loans.

Credit Unions do not charge fees or transaction charges.

Since the interest is charged only on the outstanding balance of the loan, you will pay even less if you repay in a shorter time than planned. Thus the Credit Union gives you control of your own finances, even when you are a borrower.

Planning and managing repayments

Dundalk Credit Union is flexible with regard to repayment contracts, though there are some legal limitations to length and amount of loans. Our members will be advised on the best repayment plan to meet their own circumstances.