HOW TO APPLY FOR A LOAN

• Apply online via your online account, or
• Apply online via the NEW St. Paul’s Garda Credit Union APP

This is a paperless application, you can upload supporting documentation online and sign your Credit Agreement and ECCU Health Insurance Declaration online with e-signature.

Ensure you upload all supporting documentation at the time of application to avoid delays

• Enquire online and we will call you to complete the application
• Call us on 021 4313355
• Send an email to us at enquiries@stpaulscu.ie
• Call into our office in Cork or in the Garda College, Templemore. (To ensure that the application can be processed as fast as possible members are advised to bring all the relevant documentation as set out below)

Use your preferred option and we will quickly process your loan application. Ensure you provide all supporting documentation with the application to avoid delays.

New members are eligible for borrowing immediately. The amount you can borrow will be determined by your ability to repay

• You must be over 18 years of age
• Application must be in writing
• The term of the loan is matched to the purpose (e.g. Car Loan is up to 5 years)
• Some or all of your Shares, at the time of loan application, are pledged as security against the loan
• A credit check is completed on all applications
• Each application is considered on its own merits and repayment capacity verified
• All loan interest rates are variable and can be repaid at anytime without penalty
• Security may be required
• Interest is calculated on the outstanding balance on a daily basis
• Loans can be repaid Weekly, Fortnightly or Monthly

1. Share Covered Loans
2. Loans where the net exposure is less than €5,000, or
3. Members who got their last loan in the previous 6 months and their circumstances have not changed

The only supporting documentation required is:

• Proof of Income e.g. 2 Pay/Pension Slips

Note: ID and Address must be up to date as described above

• 3 months recent bank/mortgage** statements
• 2 Pay/Pension slips for applicant (and spouse/partner where applicable)
• Self-employed income – most recent set of financial accounts
• Evidence of other income e.g. rental income

** Mortgage Statement showing Mortgage paid up to date or statement of the bank account used to pay the mortgage (if applicable)

Note: ID and Address must be up to date as described above