• Apply for up to £14,999.
• 12.68 % APR (Interest rate 11.94%)
• Maximum loan term 5 years.
• Eligible for rebate if approved by AGM.
• Must be repaid in full by members 80^th Birthday
• Can be topped up (Restrictions may apply for frequent applications)
• Documents required – see below.
• Decision within 48 hours.

• Apply for £15,000 up to £50,000.
• 8.9 % APR (Interest rate 8.56%)
• Due to insurance limits the maximum balance for members over 70 is £30,000 – loan terms will be adjusted to ensue balance is reduced to this amount by the applicable date.
• Maximum loan term 10 years.
• Must be repaid in full by members 80^th Birthday
• No rebate will apply.
• No top-up applications can be made – member can have multiple loans at this rate (subject to maximum of 3 loans or maximum balance of £50,000)
• Documents required – see below.
• Decision within 48 hours.

• Apply for up to value of savings.
• No application form required instant approval and in office collection (Secured loans cannot be processed online)
• 12.68 % APR (Interest rate 11.94%)
• Maximum loan term 10 years.
• Eligible for rebate if approved by AGM.
• Insured up to members 80^th Birthday
• Can be topped up (Restrictions may apply for frequent applications)
• No documentation required. (up to date ID documents' may be required if not present on account)

• As a first Time Borrower you will need to provide 3 months bank statements (most recent) and 5 weeks/3 months’ payslips. If you are self-employed you will need most recent annual accounts or provide your gross annual income from your most recent SA302 along with a copy of your Tax Year Overview.
• Further statements may be required if you have any other debts e.g. credit card statements.
• Should our loan team have any questions about your application or documents we will arrange a quick phone call with you to go through the information.

Following issuing of a first loan you will be unable to apply for a top up for at least 6 months

• Members can have up to 3 active Loans at one time – maximum of £50,000 in total.
• Top-ups are only available on secured or standard loans

• First 3 unsecured loans will need to provide 3 months bank statements.
• All Loans Net £5000 (£5000 above Savings) must provide 3 months bank statements.
• All unsecured loans will have a credit search – this will leave a footprint on the members credit file with TransUnion.
• Debt consolidation loans will need 3 months statements for all credit accounts (credit cards, Buy now pay later, online accounts etc) along with 3 months bank statements.
• Self-employed members will need to provide most recent annual accounts or to provide their gross annual income from your most recent SA302 along with a copy of your Tax Year Overview.

• Minimum balance of £50 is required for all loans, shares in your account at the time of the loan issue will be held as collateral against the loan. You can withdraw any amount that is not held as collateral.
• You can decide how much of your savings you wish to offer as collateral (£50 minimum) – More collateral will reduce the risk to the credit union and well increase the chances of a favourable decision.
• Full Share balance at time of application will be held as collateral automatically unless specific amount is requested.
• The Credit union reserves the right to request specific collateral amount for loan approval

• Members can suggest a possible guarantor at anytime to support the application or the Credit union may suggest the member seeks a guarantor to be accepted.
• If a guarantor is required such guarantors must be over 21 years old, reside in Northern Ireland and be in full-time employment. Guarantors, when requested, must furnish proof of income i.e. Pay slips, bank/credit card statements, etc.

• Loans are automatically covered up to £8000.
• Larger balances are covered subject to completion of insurance application form and approval by insurance company (were applicable) with the following limits:
  • Age 18 – 69 - £50,000
  • Age 70 – 79 - £30,000
  • Age 80+ - no cover – only loans secured by shares can be issued and for members own use.

• The majority of loan decisions will be available with in 48 hours of application with the exception of where further documentation is required – decision will then be a maximum of 48 hours from when documents are received.