• May : 26 : 2018 - GDPR Information for members
  • Sep : 9 : 2017 - Our Lady Crowned Credit Union 50th Anniversary Open Day
  • Jun : 30 : 2017 - Student Loan Rate Promotion
  • Mar : 11 : 2017 - Monthly Loan Promotion
  • Feb : 18 : 2017 - Our Lady Crowned Credit Union – 50 Years Serving the Community

10325620_661924877233238_7802732233085577689_nLoans at Our Lady Crowned Credit Union

The two most important things about a loan are, being able to borrow the money and being able to repay it. At Our Lady Crowned Credit Union we encourage you to manage your money carefully by structuring loans around your needs and your ability to repay.

Why an Our Lady Crowned Credit Union Loan is different;

  • There are no hidden fees or transaction charges.
  • Our interest rates are fair and reasonable compared to others in the market.
  • Repayments are calculated on your reducing balance, so you pay less interest with each repayment.
  • Your credit union loan is insured – subject to terms and conditions – at no direct cost to you.
  • You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty.

We offer the following Loan Interest Rates:

  • Our Standard rate of 9.9% APR means you can borrow at a reasonable rate of credit
  • A Student Education rate of 6.7% APR making Third Level education more affordable

Standard Loans

Why not read our Sample Weekly Repayment Terms here or Try our Loan Calculator for yourself here.

Amount 1 Year 2 Years 3 Years 4 Years 5 Years
€1,000 €20.12 €10.56    €7.37    €5.78    €4.83
€3,000 €60.51 €31.68 €22.10 €17.33 €14.49
€5,000 €100.86 €52.81 €36.84 €28.89 €24.15
€7,500 €151.28 €79.21 €55.26 €43.33 €36.22
€10,000 €201.71 €105.61 €73.67 €57.78 €48.29
€12,500 €252.14 €132.01 €92.09 €72.22 €60.37
€15,000 €302.57 €158.42 €110.51 €86.66 €72.44
€20,000 €403.42 €211.22 €147.35 €115.55 €96.59
€30,000 €605.13 €316.84 €221.02 €173.33 €144.88

Student Loans

Why not read our Sample Weekly Repayment Terms here or Try our Loan Calculator for yourself here.

Amount Term No of Repayments Monthly Repayments Total Amount Repayable
€1,000 1 Year 12 €86.30 €1,035.53
€2,000 2 Years 24 €89.09 €2,138.10
€3,000 2 Years 24 €133.64 €3,207.23
€4,000 3 Years 36 €122.60 €4,413.28
€5,000 3 Years 36 €153.25 €5,516.62
€10,000 3 Years 36 €306.50 €11,033.46
€15,000 5 Years 60 €293.53 €17,609.22
€20,000 5 Years 60 €391.37 €23,479.11

Contact us to apply for a loan today or apply online.

Loans – Frequently Asked Questions

I am a new member, when can I start borrowing?

New members are required to build up a record of savings before applying for a loan. Though each member’s circumstances are unique, it is recommended that members save regularly for approximately three months before borrowing. A first loan is usually for a maximum amount equal to that held in shares by the applicant. This allows members to build up a credit history for larger loans in the future.

How much am I entitled to borrow?

Every loan application is treated strictly on its own merits as each member’s circumstances are unique. It is advisable to have built up a regular savings pattern and a good credit history if applicable. It is Credit Union policy to only lend responsibly to members to prevent over indebtedness.

What documentation do you require before I apply for a loan?

The information/documentation required for a loan will depend on the size of the loan applied for. For all loan applications where the loan balance is €5,000 or more greater than the savings, we require the following documentation:

  • Photo ID: e.g. Driving licence, Passport
  • Proof of Income: Three most recent pay slips
  • Proof of Address: A recent utility bill (e.g. gas, electricity)
  • Bank Statements: The most recent statements going back three months

How do I apply for a loan?

You can apply for a loan with us

  • Visit either office and complete an application at the counter. Our staff will be very happy to answer any queries you have.
  • Phone us on 021-4504923 and complete an application over the phone
  • Complete an application on our website

Please note loan applications that require supporting documentation must be completed at the counter.

What is the interest rate on loans?

We have a competitive interest rate of 9.9% APR. Student Loans have an interest rate of 6.7% APR.

What is the ICB credit check?

Our Lady Crowned Credit Union is a member of the Irish credit Bureau (I.C.B.) which is the principle credit reference agency in Ireland. Click here for a detailed information leaflet on I.C.B credit checks in this Credit Union.

What does it mean if I am requested to guarantee a loan?

In the event of slow or non-repayment of a guaranteed loan by the borrower, the guarantor is responsible for full repayment of the loan, including interest and all associated charges.

Your guarantee extends to any pre-existing loan balance still outstanding, and lasts for as long as the guaranteed loan remains. You may be freezing some or all of your existing or future savings, and this may also limit your ability to borrow in the future.

It is recommended that any person who is asked to guarantee a loan should seek independent legal advice beforehand.

Featured Video

Social Media

  • Find us on Facebook
  • Follow us on Twitter
  • Contact Info

    11c Silversprings Road

    T: 021 450 4923
    F: 021 450 4933
    E: info@olccu.ie
  • Opening Hours – Mayfield

    Mon: 10am - 4.30pm
    Tue: 10am - 4.30pm
    Wed: Closed
    Thu: 10am - 4.30pm
    Fri: 10am - 5.30pm
    Sat: 9.15am - 12.45pm
  • Contact Info

    Little island

    T: 021 435 4652/021 435 4660
    F: 021 435 4674
    E: info@olccu.ie
  • Opening Hours – Little Island

    Fri: 9:30am - 12.00pm
  • Facebook