Decking the Halls for Christmas?
No matter how you celebrate the festive season, be it something low key or with all the trimmings, talk to your local credit union today about our Christmas loans. Because for all of your dreams that are big, small or strange, we’ve got you covered with our monster loan range.
The Credit Union – Imagine More.
Why? Imagine a Different Kind of Lender
Imagine – A straight-forward loan, with no sneaky conditions.
Credit unions offer flexible Christmas loans of all sizes. You can pay off your loan early or increase your repayments, all without any scary penalties.
Imagine – A loan from a lender at the heart of your community.
Credit unions are not-for-profit and owned by our members, the people who save with us and borrow from us. All decisions are taken at local level, in the best interest of all our members.
Imagine – A loan with built in insurance, at no cost to you.
This is designed to pay off a loan in the event of a borrower’s death – subject to terms, conditions and eligibility criteria.
What is the Interest Rate for a Credit Union Christmas loan?
The average rate charged by a credit union in the Republic of Ireland for a personal loan is 10.59% APR. The maximum interest rate a credit union can charge is 12% (12.68% APR). Click here to view information on average credit union loan rates.
Many credit unions also offer discounted or promotional rates at certain times of the year - please check with your local credit union for further details. And not only that, many credit unions offer a loan interest rebate at the end of the year, making credit union loans even more appealing. The best thing to do is to contact your local credit union who will come back to you with details on the interest rates they currently offer.
* For a €/£3,000, 1 year variable rate loan with 12 monthly repayments of €/£266.55, an interest rate of 12%, an annual percentage rate of 12.68%, the total amount payable by the member is €/£3,198.56.
How do I Apply for a Christmas Loan?
All credit unions are different but many will allow you to apply online or over the phone with many offering quick approval times - for more information on how to get a Christmas loan from the credit union, click here.
If you are already a member of a credit union, contact your credit union today, or to submit a loan enquiry to your local or workplace credit union, please click on the Loan Enquiry link below.
Not a Member? Not a Problem!
If you’re not already a credit union member, why not join your local or workplace credit union today? You'll find more details on what you need to join by clicking here.
Or if you can’t remember the last time you used your local credit union, that's also no problem. Credit unions just love to see old friends returning. Just contact your local credit union to find out how to reactivate your account.
Loans are subject to approval. Terms and conditions apply. 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. Credit unions in the Republic of Ireland are regulated by the Central Bank of Ireland. Credit unions in Northern Ireland are authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.