Consolidation Loan – 7.95% (8.2% APR) Variable

Debt Consolidation Loan – 7.95% (8.2% APR) Variable

“Transfer multiple debts to us for one simple manageable payment”


Why choose a Letterkenny Credit Union Debt Consolidation loan?

  • No hidden costs or administration fees
  • No penalty for early payback, you can pay the loan off early or make lump sum payments with no additional charges
  • Free life cover on your loan (subject to terms & conditions)
  • Low-Cost Loan- affordable loans
  • Flexibility to repay your loan with terms of up to 10 years
  • Repayments to suit you – weekly, fortnightly, 4-weekly or monthly
  • Fast and efficient service


  • Proof of PPSN (Payslip, document from Revenue or Department of Social Welfare)
  • Photo ID- Current Drivers licence or Passport
    (For non-UK or EU nationals we also require the member’s Irish Residence Permit. The loan term should fall in
    line with Irish Residence Permit Expiry)
  • Proof of your Address: A current utility bill, bank statement or government letter dated within the last 6 months
  • 1 recent receipt of any income you receive (this may include payslips, social welfare receipts, pension receipts or
    if you are self-employed we need your most recent chapter 4 notice of assessment which has been submitted to
  •  3 months up to date bank statements, dated as close to the application date as possible, (your statements
    should show your income and any mortgage/rent or loan payments that you may have and be no older than 3
  •  Statements of each of the debts that you are seeking to repay

*For lower-level applications a bank statement may not be required

If your total loan exceeds €30,000 please get in touch with the loans team and they will advise you of the documentation required

Terms & Conditions

  • Applications are open to all members of Letterkenny Credit Union Ltd.
  • We require BIC and IBAN for all debt accounts we are clearing as we make payments directly to clear the debt.
  • Maximum term 10 years.
  • All debts that are to be consolidated must not be in arrears.
  • Maximum loan of €25,000.
  • The owner of the debt must be a party to the loan.
  • Members with mortgage arrears or who are in an arrangement (moratorium) on mortgage debt may not avail of a debt consolidation loan.
  • We will not take over debt that has been written off by another financial institution or non-performing loans that have been assigned to a debt consolidation agency.


Apply through your cu online members area

Apply through the Letterkenny Credit Union App

Apply in person



Should you have any queries contact our loans team


Phone: 074 91 02 126



Consolidation Loan Amount Term 120 monthly Repayments Total Amount repayable
€25,000 10 years €302.75 €36,328.79

Representative example correct as at 20.03.23

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

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.