Why Choose A Loan From Enfield Credit Union

With fair interest rates, no penalties for early repayments and more great benefits, a loan from Enfield credit Union is your best choice.

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Fair loan interest rates!

Here are 10 good reasons to take out a loan from Enfield Credit Union:

Credit union loan terms and conditions are straightforward, and will never have any hidden fees or administration charges. Staff will work with the potential borrower to ensure loan repayments are structured in a way that best suit their circumstances.

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Great value loan rates

Our loan rates are among the best in the market. And they’re straight up, what you see is what you get. Fair, reasonable and capped by Irish law.

High loan approval

We approve over 95% of all loan applications, so if there’s something you want but need a helping hand, just ask, as we seldom refuse genuine loan applications.

Easy application process

We make it easy to apply for a loan. You can apply in person or on our website, whichever you prefer.

Quick loan decision

We deal with all the paperwork internally, so you won’t be left waiting for an answer. You can expect a loan decision within 24 hours.

Flexible loan repayments

Select a repayment frequency that suits your needs from weekly, fortnightly or monthly.

Free insurance

We offer free loan protection insurance at no direct cost to you. It means that, if an eligible member dies, their loan balance is repaid in full (subject to certain terms and conditions).

No transaction fees

It’s one of the many things that makes us special. There are not transaction fees or administration charges, no hidden extras or nasty surprises.

No early repayment penalty

Unlike some financial institutions, we don’t charge you if you wish to pay off your loan early, make additional lump sum repayments or increase your regular repayments.

Decreasing interest

We calculate interest on the reducing balance, so you pay less interest with each repayment. This can make a big difference over the lifetime of a loan.

Professional personal service

When you’re dealing with us, you’re dealing with real people, not a faceless organisation. We’re happy to help you in any way we can.

We have the right loan to suit you!

Discover our Loans

Home Improvement Loan

Only 9% (9.41% APR) or 6.95% (7.18%)

  • Home Improvement Loans

Greenify Transport Loan

Interest rate of 3.85% (3.92% APRC).

  • Electric Car Loan

Car Loan

5.95% (6.11% APR)

  • Car Loans

Education Loan

Interest rate of 3.85% (3.92% APRC).

  • Education Loans

Large Loan

6.95% (7.18% APR)

  • Large Loan

Agricultural Loan (Cultivate)

6.55% (6.75% APR)

  • Agricultural Loan (Cultivate)

Holiday Loan

9% (9.41% APR)

  • Holiday Loan

Occasion Loan

9% (9.41% APR)

  • Occasion Loan

Covered Loan

It’s our lowest interest rate (only 4.95%)

  • Covered Loan

Consolidation Loan

6.95% APR (7.18%)

  • Consolidation Loan

Greenify Home Loan

Borrow up to €100,000

  • Mortgages

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.

Loans are subject to approval. Terms and Conditions apply.

Caution - Variable rate loans can lead to fluctuating monthly payments, impacting youroverall budget.

Enfield Credit Union Limited is regulated by the Central Bank of Ireland (No. 343CU) and authorised as an investment business for the provision of investment intermediary services (No. C13889)

How do I Apply?

To ensure a smooth application process, we’ll ask for:

  • 3 most recent payslips
  • Proof of any other household income
  • Bank statements for the past 3 months

NOTE: Additional documentation may be requested depending on your circumstances.

Once your application and supporting documents are submitted, one of our team members will get back to you as soon as possible with an update.

Apply online today using the link below or download our Mobile App, available for free from the App Store and Google Play Store.

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What You Need To Apply For A Loan

PAYE Workers - Loans up to €75k
  • Last 3 payslips
  • Up to date bank statement for the last 3 months
  • Other documentation may be required depending on the purpose of the loan
PAYE Workers - Loans from €75k - €100k
  • 3 recent Payslips
  • Six month bank statements for current and connected bank account
  • Collateral may be required.
Self-Employed - Loans up to €75k
  • Last set of certified accounts
  • Tax clearance certificate
  • Form 11 return and Chapter 4 Self Assessment form for the previous tax year.
  • Bank statement for the last 3 months (personal, business and connected bank accounts)
  • Other documentation may be required depending on the purpose of the loan.
Self-Employed - Loans from €75k - €100k
  • 2 years certified Company accounts
  • 2 years Revenue form 11 and Chapter four self assessment
  • Confirmation that taxes are up to date
  • 6 months bank statements current, business and connected bank accounts.
  • Collateral may be required.
Unemployed
  • Proof of social welfare payment
  • Bank statement for the last 3 months