So, we’ve established that credit union loans are the best on the market. To summarise, LKCU loans are affordable, with flexible terms that are not dictated by us, but established in agreement with you – the borrower. Not only that, but credit unions love to say ‘yes’ to loan applications. Our latest statistics show that 93% of LKCU loans are approved*.
There are never any hidden fees and charges. We are open to all types of loans from the small to the big, the weird to the wonderful and everything in between. We are ethical lenders. We don’t exist to make profit, but to help make your dreams come true – and meet your everyday needs.
That sounds great, but how exactly do I get a credit union loan?
To get a LKCU loan, you first need to be a member of our credit union. That’s right. Credit unions have members, not customers. And each member owns the credit union! Becoming a member probably sounds annoying, what with filling out membership forms and all that jazz. Wrong! It’s a very straightforward, quick and easy process. You can either talk to one of the friendly loan officers face-to-face as soon as you join, pick up the phone or send an online loan enquiry.
Ok, but will I be approved for my loan?
Credit unions have been saying ‘yes’ to borrowers since they were first established more than 60 years ago. As we said earlier, our latest statistics show that 93% of LKCU loans are approved*. We just love to say yes! We are in the business of making people happy after all (and not making profit, did we mention that?).
There are of course circumstances where we may not be able to grant the borrower the full amount they requested. This is because we are ethical lenders and will never approve a loan that will put financial strain on a member and cause them stress. In this situation, our loan officers will go above and beyond to try and grant as close to the desired figure as possible.
How many documents do I need to get a loan?
There are a few documents you will need to have when applying for a loan.
A fully completed loan application form along with the following information
- One recent payslip or social welfare receipt
- Three months recent bank statements dated within the last three months (your statements should show your income and any mortgage/rent or loan payments that you may have)
- Proof of address (current utility bill, bank or credit card statement)
- Proof of Identity (valid passport or driving licence)
- Self –employed, your most recent Tax Assessment
- Evidence of PPS (medical card, letter from Revenue or Social Welfare, payslip or P60)