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Student Loan – 6.95% (APR 7.2%) Variable

Student loan – 6.95% (APR 7.2%) Variable

“Let us take the stress out of college with a low rate Student loan”

Whether you’re just beginning your third level journey or going back to study something new talk to us today about a student loan

 

 Why choose a Letterkenny Credit Union Student loan

  • No hidden costs or administration fees
  • No penalty for early payback, you can pay 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

 

All we require is:

  • Proof of PPSN  (Payslip, document from  Revenue or Department of Social Welfare)
  • Photo ID- Current Drivers licence or Passport
  • Proof of your Address: A current utility bill
  • 1 recent receipt of any income you receive (this may include payslips, social welfare receipts, pension receipts).
  • If you are Self Employed we need your most recent Form 11 Notice of Assessment.
  • 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 months)
  • Evidence of college attendance required
  • A fully completed loan application form

 

Terms & Conditions

  • Applications are open to all students of  Third Level Courses (including Mature Students)
  • Must be a member of Letterkenny Credit Union Ltd for a period of 1 month prior to loan application.
  • Must have made at least 4 regular lodgements to their cu account.
  • Evidence of the purpose of the loan is required.
  • Maximum loan amount: €10,000 in any one financial year up to a maximum loan balance held of €30,000
  • Where the student does not have a regular income, a guarantor is required.

 

APPLYING FOR YOUR LOAN IS EASY

Apply through your cu online members area

Apply via email (instructions are here)

Apply in person

Apply via our drop box located in the Cu office

 

CONTACT DETAILS OF LOANS TEAM

Should you have any queries contact our loans team

Email: Loans@letterkennycu.ie

Phone: 074 91 02 126

 

REPRESENTATIVE EXAMPLE

Student Loan Amount Term 120 monthly Repayments Total Amount repayable
€10,000 10 years €115.87 €13,900.68

Representative example correct as at 02.06.2020

 

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.

 

>>> LOAN CALCULATOR <<<