Loans
Take Out a Loan
Whether you're looking to borrow to help with your household expenses or for a larger purchase, we have the right personal loan to suit you. We've made it easy to borrow at a fair, affordable rate with no application fees and no early repayment charges.
Our Loans at a glance
Try out our quick and easy loan calculator below
Maximum Loan Term :
9.95%
9.95%
9.95%
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.
- There are no hidden fees or transaction charges
- Our interest rates are fair and reasonable compared to others in the market
- Repayments are calculated on your reducing balance, so you pay less interest with each repayment
- Your credit union loan is insured - subject to terms and conditions - at no direct cost to you. Other lenders charge for this
- You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty. Other lenders may charge you extra for paying them back faster!
- It sustains growth and employment as the money is spent locally
- It provides opportunities to our members to travel abroad, get married, do home improvements, manage their finances, further their education etc
- Borrowing from The Rosses Credit Union will help secure its future for generations of members to come
In deciding whether or not to grant the loan the credit union will take into account the members record of savings and loan repayments, as well as ability to repay. Once the loan is granted the member will be asked to complete a Credit Agreement, which is a legally binding document being an undertaking to repay the loan, and to commit to regular repayments.
We require at least the following information to accompany Loan Applications i.e.
- Evidence of Income e.g. payslips, accounts etc.
- Three-month recent current account bank statements
The more complete the application is, the quicker the decision is made.
Remember - only members are eligible to receive loans from your credit union - so join up now !