Applying for a Loan

by Dundalk Credit Union , 22nd May 2020


Whether you are an existing member or thinking about joining Dundalk Credit Union, our point of difference from banks is when you apply for a loan with Dundalk Credit Union we see you, the person, not the account number.  We pride ourselves on working for all our members to ensure fairness, respect and a lifetime of support.  Dundalk Credit Union, with over 30,000 members, is a trusted and strong financial partner choice for people of all ages and stages.

Why Choose Dundalk Credit Union?

  • No fees or charges on your account
  • CU Online access to your accounts 24/7, checking balances, paying bills, transferring money
  • Competitive dividends on savings
  • You can join and apply for a loan on the same day
  • Your loan borrowings are only limited by the amount you can afford to repay
  • No penalty fees on early repayment of a loan
  • Loans and savings are insured at no extra cost (T&Cs apply)
  • Win a brand new car or generous cash prizes for only €1 a week with our Members Monthly Car & Cash Draw
  • We are a financial cooperative owned by you, the members
  • Dundalk Credit Union actively supports its community through donations and sponsorship. You help make our Community Support Fund possible, supporting and enabling the development and reach of community organisations, charities and initiatives in our wider community every year.

Can I Check How Much I Can Afford First?

Use our Online Loan Calculator to determine the best loan term for you.  You can choose to repay each week or each month.  Our decision is based on your ability to repay, we work with you to ensure that the amount you repay is workable for you.

How Can You Apply for a Loan?


With current restrictions and social distancing, your safety is our top priority.  You can now apply for a loan online, a complete end-to-end remote solution from the comfort of your armchair, office chair or commute space.  You can upload all the necessary documents, and if approved, funds can be transferred electronically to your account.

You can use our FREEPHONE number 1800 8100 70 to speak to one of our friendly loans team, ready to help guide you through all the steps.

You can email our dedicated loan address and that same friendly loans team will start the process with you.

What Documents Do You Need to Apply for a Loan?

Bank Statements – You will need 3 Months of your last 5 months’ Bank Statements

If you have online banking, you can use our secure computer system in the office to logon and print out statements.

Proof of Income – this is a recent payslip or social welfare payment slip.

For Online Loan Applications, you can upload all of these documents as part of the user-friendly and simple application process.

How Long Will It Take for a Decision?

Once all the necessary information is available to us, we should have a decision for you within 24-48 hours.  For loans fully secured by your savings, you can avail of the same-day payout.

What Types of Loans are Available?

We offer personal loans from under €10,000 to loans up to €75,000. From an education loan that takes you through the whole college journey, to that first car loan or family car loan or dream car loan, to a home improvement loan to make your home your castle, we are ready when you are.

A Range of Loan Types to Suit Your Life Stage

Switch and Save – Consolidating your monthly repayments

If you have an existing loan or costly high-interest credit card monthly repayments, a sensible thing to consider is consolidation.  Remember, credit card interest rates are typically very high and for many can be a long-term drain on monthly income especially if you are only paying off the minimum payment.  Dundalk Credit Union’s Switch & Save Loan combines all your eligible monthly outgoings into a single monthly payment option at one interest rate.  We have a team of loan advisers available to chat through your own situation and together we will be able to see if savings can be made with consolidation.

Talk to Us Now

A Covered Loan/Special Savers Loan

This is a popular choice amongst our 30,000+ member community.  Borrow up to the amount you have in savings, keeping your nest egg intact.  This can be done at the counter and is a same day pay out, offering competitive rates and flexible payments as standard. Apply online now

An Education Loan

Education costs, at any level, are expensive.  At Dundalk Credit Union we are mothers and fathers too and fully appreciate the financial burden it presents. Our Education Loan allows you to spread the costs of education across a term that is affordable for your family. Apply online now

A Home Improvement Loan

From the smallest room in the house to large extension plans, Dundalk Credit Union has a Home Improvement Loan to suit.  From that new home office to Al-Fresco Summer evenings in Ireland, we have you covered. Apply online now

A Car Loan

From that first set of wheels, or a family car to an Eco friendly hybrid, we have a car loan to suit you.  Apply online now.

To Find out more, choose any of these options:

We are Here for You

During these challenging times, we would like to remind you that we are here for you.  We encourage you, where possible, to stay at home and interact with us online or by phone – 042-9335489. For more information check our COVID 19 information page.

Dundalk Credit Union is regulated by the Central Bank of Ireland.

Warning: 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.