HOW TO APPLY FOR A LOAN

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

(If you are using a mobile device it is best to download and use the 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

• Call us on 021 4313355
• Enquire online and we will call you to complete the application – Enquire Now
• Send an email to us at enquiries@stpaulscu.ie
• Call into our office in Cork. (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.

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

Ensure you provide all supporting documentation with the application to avoid delays.

• You must be over 18 years of age
• 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