Covered Loan
If you already have savings with Cairde Credit Union, a Covered Loan could be the perfect option for you. This loan is secured against your shares, making it simple, affordable, and stress-free.
With a low interest rate of 6% (6.16% APR), the Covered Loan comes with peace of mind, a quick approval process, and one of the best rates we offer. And as always, decisions are made locally within our common bond, by people who understand and care about our community.
You can apply online today, or visit any of our five offices — Dungarvan, Tallow, Lismore, Cappoquin, or Kilmacthomas — to speak with one of our Loan Officers.
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You retain Life Savings Insurance as your shares are not withdrawn and remain as collateral until the loan is fully repaid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!
Max. Loan Term :
6.17%
6.17%
6.17%
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
