Winter Heating Loan

Sligo Credit Union is here to help U.

At Sligo Credit Union, we understand that many of our members and the wider community in Sligo and Leitrim are feeling the pinch of high costs. One of the biggest price rises has been in energy and heating bills, therefore a Winter Heating Loan allows you, our members, to purchase oil, coal, or timber for home heating.

Calculate your Loan

Features & Benefits

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

Your loan will be approved locally so there’s no waiting around.

Sligo Credit Union is owned by its members - that means you! - so you can trust us to do right by you.

All loans are insured at no direct cost to you

*Subject to terms and conditions.

5% and APR is 5.12%.

The maximum loan amount is €2,000.

Loan term is one year.

How to apply for a loan?

Become a Member

Become a Member

Join Sligo Credit Union and avail of numerous tailored benefits, outstanding customer service and amazing community

Calculate your Loan

Calculate your Loan

Estimate how much you could borrow and calculate your repayments: weekly, fortnightly or monthly using our online calculator.

Apply for Loan Online

Apply for Loan Online

Start your application: You can apply for a loan with us online, over the phone or in person at any of our offices.

Sit back and relax!

Sit back and relax!

The decisions are made quickly on loan applications and we can transfer the money directly to your bank account.

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.

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%
# Repayments
Total
Total Cost
APR
11.02%
# Repayments
Total
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.

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

Ready to Apply?

A Winter Heating Loan with Sligo Credit Union is available to all members at an interest rate of 5% (APR 5.12%) and has term length of one year with the maximum loan amount being €2,000. Spread the cost of your heating oil over the full year while availing of savings available from oil companies for buying a full fill of oil.
Buy oil from one of four local companies, including Certa Ireland(formerly Jones Oil Sligo), Sligo / McPartland FuelsGrange Fuels and McCormacks Fuel.
Apply Now
  • Become a member at Sligo CU
  • Apply online, in-person or over the phone
  • Submit the required documentation
  • Sit back and relax!