Our Loans at a glance
Home Renovation Green Loan
6.17% APR
Loan Calculator
Maximum Loan Term :
3.56%
3.56%
3.56%
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.
Our Loans Benefits
No hidden fees or transaction charges
We provide a service to you, not to profit from you.
Flexible loan repayments
Once you are eligible for a Progressive Credit Union loan, repayment terms can be designed around your needs.
Affordable loan rates
Progressive Credit Union interest rates are fair and reasonable and capped by law.
No early repayment penalty
You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty.
How to Apply for a PCU Loan
Before you apply, please ensure that you have the following documentation:
PAYE:
- Your P.P.S. number on an official document.
- Proof of income - 3 most recent pay slips/social welfare receipts.
- Last 3 months bank statements - must show your income and outgoings.
If you are self employed:
- Last 3 months personal bank statements - must show income and outgoings
- Last 3 months business bank statements
- Most recent set of accounts
- Tax self assessment form
- Online using our Online loan application (you will need to be registered for PCU Online banking)
- In their nearest branch
- Over the phone between 9:30am and 5:00pm (018411348)
Additional Info
Please note if you are using information from a partner or spouse to support your loan application, they will need to sign the Consent for the Retention of Data form. They must also provide a copy of their photographic id.
Each application is treated in the utmost confidence and will be considered on its own merits. The loan officer or credit committee will take into account your personal circumstances and ability to repay when determining the outcome of your application.
If your loan is granted, you will be asked to complete a credit agreement. This is a legally binding document committing you to repay the loan through regular payments.
Whilst we are subject to legal limitations regarding the amount and time-frame of loans, we offer
flexible repayment plans. The maximum loan term for personal loans is ten years.
Members are advised on the best repayment plan to meet their particular circumstances.
There are no penalties associated with clearing your loan before the agreed time-frame.
When your loan falls below current share balances you can apply to the Credit Union to have the interest rate reduced to the Within Shares rate. Please note that it is the members responsibility to request this change.
Should a member experience difficulties in making repayments, they should immediately explain the situation to the Credit Union. We will treat the matter sympathetically and in total confidence. Depending on the circumstances, the loan will be renegotiated if possible.
Download Standard Financial Statement
In addition you will find more information in the links below
By law, Credit Unions cannot charge any more than 1% per month on the reducing balance of a loan. This represents an interest rate of 12.74% APR (Annual Percentage Rate). Credit Unions do not charge fees or transaction charges.
The Credit Union is currently offering competitive rates. View our loan calculator to see how reasonable a Credit Union loan could be.
Our Online Banking portal, allows you to apply for a loan through our website or our mobile app. Supporting documentation can be uploaded with ease using the secure document
upload facility in your online banking menu. Once your loan is approved, you can even transfer your
loan funds to your chosen account using our new E signature service with DocuSign.
Sign your documents digitally!
Our DocuSign facility enables online users to transfer loan funds using an E signature. Once your application is approved, you will receive a text notification to login to the online banking area to electronically sign your credit agreement and transfer your loan funds to your chosen account. (Destination account for funds is chosen as part of the online application.)
- Your loan application must be on a sole account,
- You must be eligible to borrow in your own name without requiring a guarantor
- You must be registered for Online Banking **
Click here to log in and start your application.
Watch a tutorial video
A member of staff will contact you once your loan application has been received and reviewed.
Not a Member?
Joining the Credit Union is the best decision you could take for your money.
We’ve created an intelligent and secure method for you to become a member directly through your mobile phone or tablet. All you have to do is download our Mobile App, for free, to take full advantage of joining as you go.
