Who can borrow from Ardee Credit Union?
Only members are eligible to apply for loans with Ardee Credit Union. Not a member? Find out more on our Membership page.
How long do I have to be a member before I can borrow?
There is no strict time limit on being a member to apply for a loan. Ability to repay the loan is the critical factor.
How much can I borrow?
In general, there are no strict amounts a member can apply for as each application is assessed on its own merit and on the ability of the member to repay the loan in full. The maximum loan available from Ardee Credit Union is €125,000.
How much savings do I need to be able to borrow?
Contrary to popular belief you do not need to have 25% of the amount you wish to borrow in savings/shares. Each application is dealt with on its’ own merit. You need to show you have the capacity to make repayments as well as having enough left over to live on.
What is your current loan rate?
All our up-to-date loan rates can be found on the loan calculator feature on our homepage.
How do I apply for a loan?
You can find details on any of our loan product pages.
What is Loan Protection Insurance?
You can find out more on our Loan Protection Insurance page.
Can I repay my loan through Payroll Deduction?
Yes, if your employer facilitates an Ardee Credit Union payroll deduction scheme you can easily switch to repaying your loan by Payroll Deduction. Please contact us for further information.
How can I repay a loan?
There are a number of ways to repay your loan:
- Through payroll deduction
- By direct debit or standing order from your bank account
- In person at any of our 4 offices