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Tel: +0035318411348 Fax: 018413865 Email:

24 May 2017
Safe and Secure Lending

Progressive Credit Union has expanded its range of Loan Products and is keen to lend, offering approval in principle on loans up to Ä75,000 in 24 HRS. We promise to keep the paperwork to a minimum and provide a fast decision on all loan applications


The Facts About PCU Loans


Do's Don'ts

DO: get Approval in Principle in 24HRS

DO: get a range of loan products

DO: get an option apply on line or call to your nearest Branch

DO: get an Option to Borrow up to Ä75,000 over a time period that suits you

DO: get Free Loan Protection

DONíT: have to be a member for a certain amount of time

DONíT: need a certain balance in your savings

DONíT: have to be saving for a number of weeks previous

DONíT: pay any administration fees

DONíT: get penalised for clearing your loan sooner than agreed

We offer a range of loan types to suit all your borrowing needs;


Personal Loans - 12.68% APR

Special Car Loans - 8.03% APR

Home Loans - 12.68 %APR

1 year Loans - 10.23% APR

Switcher Loans - 8.06% APR

Consolidation Loans - 12.68% APR

Within Shares Loans - 5.13% APR

SEAI Energy Saving Loan - 7.14% APR

Golf Loan - 8.06 APR


Check out our Loan Calculator

Submit an Online Application or call in to any of our offices to get more information.

View our Lending Video:


What you need when applying for a loan

Applications for loans are made on a standard loan application form. Our Loan Checklist Download Loan Checklist 2017 (247.2kb) will help you ensure you have all relevant paperwork for your application.

In deciding whether or not to grant the loan the loan officer or credit committee will take into account your personal circumstances and ability to repay. Each application is treated in the utmost confidence and will be considered on its own merits. Once your loan is granted you will be asked to complete a credit agreement, which is a legally binding document being a promise to repay the loan, and to commit to regular repayments.

If you are applying for a loan based on a joint income assessment where partners, spouse of guarantor details are required please note that a consent form will be required for member data retention. Download Consent For Retention of Data (184.4kb)

Remember - only members are eligible to receive loans from your credit union.

Planning and managing repayments

Credit unions are flexible with regard to repayment plans, though there are some legal limitations to length and amount of loans. The member will be advised on the best repayment plan to meet their own circumstances. Members are generally advised to repay a loan in as short a time as possible. 10 years is currently the maximum loan term. Should a member experience difficulties in meeting repayment commitments, they should immediately explain the situation to the credit union, which will treat the matter sympathetically and in total confidence. Depending on circumstances, the loan will be renegotiated if possible.

There are no penalties associated with clearing your loan quicker than agreed.

Interest on credit union loans

By law credit unions cannot charge any more than 1% per month on the reducing balance of a loan. This represents an interest rate of 12.74% APR (Annual Percentage Rate). Credit unions do not charge fees or transaction charges. The Credit Union is currently offering competitive rates. View our loan calculator to see how reasonable a credit union loan could be. We also have regular promotional rates of interest. Since the interest is charged only on the outstanding balance of the loan, you will pay even less if you repay in a shorter time than planned.

Progressive Credit Union Tel: +0035318411348 Fax: 018413865 Email: Web:
Progressive Credit Union Limited is regulated by the Central Bank of Ireland. Reg. No: 226CU