1. Covered Loan
Only 4.95% (5.12% APR)
If you have shares, and you want to buy something, you don’t have to dip into your savings, you can borrow from us instead at a discounted rate. It’s a great way of protecting your nest egg and getting access to low cost finance. You can borrow up to the value of your savings which means you keep your life savings insurance.
Apply NowApply for a Loan today!
Discover our Covered Loan
Maximum Loan Term :
9.38%
9.38%
9.38%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
Representative Example
Loan amount
€350,000
Interest rate - APR
3.85%
Loan term
35 Years
Cost of Credit
€287,705
Monthly repayment
€1,519
Total Repayable
€637,705
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.
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