If you have savings built up with Newry Credit Union, you could make use of our saver’s/SOL loan (Shares over Loan). Our saver’s loan is our lowest interest rate loan available to members. You can borrow up to the amount of your unsecured savings (savings not already secured against a previous loan) without having to wait for a decision.

Below are a number of benefits for choosing to borrow a saver’s loan:

  • Our lowest interest rate
  • The more you save, the more you can borrow
  • Quick response
  • Protecting your Life Savings Insurance when choosing to borrow rather than withdrawing savings (please visit our Insurance page under Services for more information)

Note: Please ensure to select loan type SOL (Shares Over Loan) when applying for a loan online or you may be added to the normal loan calendar which can take longer for a decision.

Estimate your loan repayments

Loan Calculator

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APR 11.00%

APR 11.00%

Repayment Summary*:

Weekly

Total

Interest

Fortnightly

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Interest

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Interest

∗Terms & Conditions Apply. All figures given on this website are for your general information only, and give a rough guide to loan repayments. Any statements on this website do not purport to be authorative or legally binding. You are advised to check with our offices for up-to-date rates and offers.

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Loan Enquiry

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What We Require From You
1

Outgoings

  • Credit search
  • Minimum 1 month bank statements
2

Proof of Income

  • Employed - Last month payslip
  • Self-employed - Most recent set of accounts and latest tax returns OR notice of self-assessment
  • Social Welfare - Minimum 1 month bank statement
  • Retired - Proof of all pensions
3

Identification

  • Photo ID - Driver's License/Passport
  • Proof of Address - Utility Bill/Bank Statement dated within the last 3 months OR
  • Proof of Address - Government issued document dated within the last 12 months
Lending criteria

Maximum Term

  • The maximum term available for all personal loans is 5 years. You can also apply to top-up personal loans before the date of completion.

Proven Ability to Repay

  • As responsible lenders, we must ensure that we don’t lend to any member unless they have a proven ability to repay the loan and loan interest within the full duration of the agreed loan term.

Free Loan Protection Insurance*

  • NCU provides free loan protection insurance to loans less than £8,000, subject to terms and conditions. Loans over £8,000 may still be insured at no cost upon the completion of a health declaration.
How to apply

How To Apply

Existing members can apply for a loan by coming into the office, calling us on 028 3026 3840 or through their NCU online banking. Not an existing member? You can become a member via the button below.

Become a Member Contact Us
Online Banking Log In Register

Please note: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

If you would like more information on applying for a loan with Newry Credit Union please contact us today.

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