Loans

Sligo Credit Union has excellent competitive loan rates for everything you need; a new car, holidays, home improvements, your children’s education, family events, your big day, dental work and so much more!

Calculate your Loan

Why choose a Loan from us

When you borrow from the Credit Union, you will find many advantages in comparison to other financial institutions

Apply for a loan from the comfort of your home

Competitive loan rates

Free Loan Protection Insurance (T&Cs apply)

No hidden fees or transaction charges

No penalties for early repayment

Flexible payment options

Our Loans at a Glance

Personal Loan

Personal Loan

10.5% (11.02% APR)

Car Loan

Car Loan

8.75% (9.11% APR)

Green Car Loan

Green Car Loan

5% (5.12% APR)

Home Improvement Loan

Home Improvement Loan

6.9% (7.14% APR)

Education Loan

Education Loan

6.75% (6.96% APR)

Community Loan

Community Loan

5% (5.12% APR)

Welcome Loan

Welcome Loan

8.75% (9.11% APR)

Winter Heating Loan

Winter Heating Loan

5% (5.12% APR)

Debt Consolidation Loan

Debt Consolidation Loan

10.5% (11.02% APR)

Secure Loan

Secure Loan

5% (5.12% APR)

Green Home Improvement Loan

Green Home Improvement Loan

5% (5.12% APR)

Hybrid Car Loan

Hybrid Car Loan

6.9% (7.12% APR)

Warning: If you do not meet the repayments on your credit agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

Warning: The cost of your monthly repayments may increase

Warning: This new loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.

Warning: As a guarantor of this credit, you will have to pay off the debt amount, the interest and all associated charges up to the level of your guarantee if the borrower(s) do(es) not. Before you sign this guarantee you should get independent legal advice.

How do I apply for a loan?

Loan Calculator

Loan Calculator

Use our loan calculator to see how much you can borrow with us today.

Gather your Documents

Gather your Documents

You will need to the following documentation

  • 1 Recent Payslip
  • 3 Months Recent Bank Statements
  • Photo ID
Apply Now

Apply Now

Loan Application can be made online or by calling into our office on Wine Street, Sligo

FAQs

Straight away! Sligo Credit Union welcomes loan applications from our members, regardless of how long they have been a member.

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 it's own merit. You need to show you have the capacity to make repayments as well as having enough left to live on. In addition, it is not imperative that you save for a specified period. The loans team can prove repayment for a brand-new member by seeing other regular savings or loans discontinuing elsewhere. Both measures outlined can prove adequate comfort to us that is sufficient for the proposed loan

You can make an application online by logging into the Member Login area (If not yet registered for online banking, you can Register Here). Alternatively, you can apply at one of our branches in Sligo Town, Collooney, Drumkeerin, Boyle, or Keadue. Lastly, you can phone us on 071-9317500 to make an application over the telephone. For full details on the loan application process, CLICK HERE.

After you submit your form online, there will be a notice highlighting that your loan application is ‘Awaiting Review’. The Loans Team has received all relevant documents - please do not resubmit your application form. If any more information is required, we will be in touch with you, even if the status has changed.

More FAQs

OUR LOANS

Apply for a loan with interest rates that suit you!

Maximum Loan Amount :
Maximum Loan Term :


Required Loan Term

Repayment Frequency
APR
11.02%
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Total Cost
APR
11.02%
# Repayments
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Total Cost
APR
11.02%
# Repayments
Total
Total Cost
APR
11.02%
# Repayments
Total
Total Cost

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 any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.