Covered Loan for you

Borrow up to the value of your Savings with a Covered Loan from Cairde Credit Union.

This is one of our most popular loan types and is super convenient for those times when you need finance fast for everything life throws at you.

Covered loan at a glance

No Documentation Required

Readily available for you

Free Loan Protection Insurance

You'll still have your savings when the loan is cleared

You retain Life Savings Insurance as your shares are not withdrawn and remain as collateral until the loan is fully repaid

Attractive rate of interest at 6% / APR 6.17%

Loan Calculator

Apply for a loan today with interest rates that suit you!

Covered Loan 6%
Max. Loan Amount :
Max. Loan Term :


Required Loan Term

Repayment Frequency
APR
6.17%
Repayments
Total
Total Cost
APR
6.17%
Repayments
Total
Total Cost
APR
6.17%
Repayments
Total
Total Cost
APR
6.17%
Repayments
Total
Total Cost

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

€25,000

Interest rate - APR

6.17%

Loan term

36 months

Total interest

€2,325

Weekly repayment

€175

Total cost of credit

€27,325

Requirements

What do I need to apply?

  • 3 Payslips for Employees
  • 2 Years Accounts for Self Employed
  • 3 Receipts for Social Welfare recipients
  • Mortgage Statement if applicable
  • Bank Statements - 3 months recent Statements
  • Credit Card Statements
  • Proof of Income for Guarantor - where applicable
Apply Now