We’ve made it easy to borrow at affordable rates with no application fees and no early repayment charges.
To enquire about a loan you can start an application online, call the credit union on 028 7962 8762 or call into the credit union office.
Flexible & Convenient Loans to suit everyone
- Quick application process
Straightforward application process and speedy decisions - Flexible repayments
Weekly, fortnightly, monthly or quarterly repayments - Only pay interest on what you owe
Interest is calculated daily on the reducing loan balance - Free Loan Protection Insurance
In the event of death or a permanent disability, eligible members will have their loan balances cleared by the Insurance. Eligibility criteria applies - No early repayment fees
There are no fees for paying more than agreed, paying off lump sums or clearing the entire loan balance early - Top-up loans
Loans can be topped-up before the original loan balance has been fully cleared
Loan Calculator
PAYMENT SUMMARY
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for anyerros. Please note that this calculator only provides and indicative quote and actual repayments may vary.
| For the total loan of | Actual | Annual Percentage Rate (APR) |
|---|---|---|
| Unsecured Personal Loans | ||
| Max Amount: £10,000.00 Max Term: 5 Years | 12% | 12.70% |
| Max Amount: £10,001.00 – £20,000.00 Max Term: 10 Years | 8.9% | 9.29% |
| Max Amount: £20,000.00 – £40,000.00 (in excess of attached shares) Max Term: 10 Years | 8.4% | 8.69% |
| Unsecured Agri Loans | ||
| Max Amount: £1,000.00 – £50,000.00 (in excess of attached shares) Max Term: 10 Years | 8.65% | 9% |
| Secured Agri Loans | ||
| Max Amount: £10,000.00 – £100,000.00 (in excess of attached shares) Max Term: 20 Years | 4.8% | 4.9% |
| Secured Personal Loans | ||
| Max Amount: £25,000.00 – £150,000.00 (in excess of attached shares) Max Term: 25 Years* | 5.4% | 5.51% |
| Share Secured Loans | ||
| Max Amount: £85,000.00 Max Term: 25 Years* (Loan will be 100% secured against shares for the duration of the term) | 5.4% | 5.51% |
Requests for share withdrawals will be referred to the Credit Committee.
*Some members may not be eligible for a 25-year loan term depending on their age and health status as per Loan Protection Insurance requirements.
*Loan will be 100% secured against shares for the duration of the term.
EXISTING LOAN TERMS & RATES are not changing, the new limits and rates are for new loans and top-ups to existing loans only.
- Terms & Conditions – Click on the link below
Loans Terms & Conditions
Draperstown
Contact