First Time Borrower
First Time Borrower Loan
6.9% (7.14% APR)
About Our First Time Borrower Loan
This loan is available to members that have not borrowed with Donore Credit Union in the past. If this is your first loan with Donore Credit Union you are eligible for the first-time borrower rate at 6.9% (7.14% APR) *Please note that you cannot top-up a first-time borrower loan.
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Explore our Loans
We have the right loan to suit you
1
Become a Member
Once you are living, working or studying within our common bond you are eligible to join us today and start borrowing.
2
Calculate your Loan
Estimate how much you could borrow and calculate your repayments: weekly, fortnightly or monthly using our calculator.
3
Apply for Loan Online
Apply for your loan from the comfort of your home. The Application process is easy and quick.
4
Sit back and relax!
The decisions are made quickly on loan applications and if it is approved the funds are typically issued within 48 hours.
Loan Calculator
Apply for a loan with interest rates that suit you!
Maximum Loan Term :
7.14%
7.14%
7.14%
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
The example will help to show you the typical costs associated with a loan
Loan Amount
€5,000
Rate of interest - APR
7.14%
Loan Term
3 years
Total interest
€550
Monthly Repayment
€154
Total Cost of Credit
€5,550
Our Benefits
The benefits of borrowing from us
We offer loans ranging from €150 to €150,000
You can easily apply for a loan in-person at the office or directly through the website or mobile app.
No early repayment fees and no hidden fees or charges.
Repayments are flexible and tailored to suit the individual borrower's needs.
Interest is charged only on the outstanding reducing balance
Loans are based on the ability to repay and not only on savings in the Credit Union.
One of the benefits of membership is the fact that your Loans are covered by life cover.
You can have two or more loans at the same time.
