Home Loan

No Hidden Fees

There are no hidden fees or transaction charges

Competitive Interest Rates

Our interest rates are fair and reasonable compared to others in the market.

Interest Rate Reduction

There are no hidden fees or transaction charges

Insured Loans

Your credit union loan is insured – subject to terms and conditions – at no direct cost to you. Other lenders charge for this.

No Penalties

You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty.

Reasonable Rates

You can borrow at a reasonable rate of credit compared to other financial providers.

When you take out a loan with us, you help us give back to support a variety of community activities – from local schools, local charities, community groups and sports clubs.

Loan Calculator

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APR 11.00%

APR 11.00%

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Loan Enquiry

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How to Apply


Existing members can come in to any of our offices, call us on 053 9233 835 or make an application online when they are registered. We can then discuss your needs and proceed with your loan application.

What We Require


1

Outgoings

  • Previous six (6) months bank statements (all accounts)
  • Previous six (6) months credit card statement (if applicable)
  • Previous six (6) months statements for all borrowings
  • Mortgage statement (if applicable)
2

Proof of Income

  • Employed - Previous years P60; Salary Certificate signed & stamped by yor employer(s)
  • Employed - Proof of Income (previous six (6) months)
  • Self-employed - For company 3 years audited/trading accounts (certified by your accountant)
  • Self-employed - Confirmation of tax position from your accountant
  • Sole/non-company traders – 3 years Revenue Notice of Assessment
3

Other Conditions

  • Consent to Irish Credit Bureau or other credit search
  • Evidence of source of remaining values of property
  • Valuation of property
  • Property title must be in the name(s) of the borrower(s)
  • Mortgage on property in favour of Enniscorthy Credit Union Limited
  • Signed Undertaking that property will be Principal Private Residence
  • Life Assurance assigned to Enniscorthy Credit Union Limited
  • Fire Insurance naming Enniscorthy Credit Union Limited
  • Self build projects - Builders Insurance naming Enniscorthy Credit Union Limited
  • Full security pack dealt with by credit union solicitor
  • Disbursement of loan made through member's solicitor

Avoid Your Account Becoming Dormant


If your account has been dormant or we don’t have up to date information, we may also require confirmation of address (not more than 6 months old) e.g. utility bill and/or proof of PPS number e.g. revenue documentation. Find out more about acceptable documentation.

Lending Criteria


Amount & Terms

Minimum Loan €50,000
Maximum Loan €200,000

Minimum term 10 years
Maximum Term 25 years

This loan is for the purchase of a member's home. It must be occupied with the member as their principal private residence. A Home Loan is secured with first charge on the property.

Maximum Loan to Value

Non-first time buyers - 80% loan-to-value

First time buyers – 90% loan-to-value

Repayment frequency monthly

For self-build property the maximum loan is the lower of 75% of Final Valuation or 100% of build cost, subject to maximum loan of €200,000

Insurance Requirements

Please note that if our credit union life assurance does not cover the Home Loan, the member(s) will be required to provide Life assurance for the loan at their own expense.

Please note: When applying for your first loan with us you will need to speak directly with one of our loans officers. Please call 053 9233 835.

For more information on becoming a member please contact us today. Contact