Loan Calculator
Apply for a loan today with interest rates that suit you!
Maximum Loan Term :
5.64%
5.64%
5.64%
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
A representative example is a term used in financial regulations. The example will help to show you the typical costs associated with a loan for a certain amount.
Loan Amount€3,000 | Loan Term3 years |
Weekly Repayment€21 | Rate of Interest - APR5.64% |
Cost of Credit€255 | Total Amount Payable€3,255 |
* Figures are correct as at January 2023 and are calculated on our loan calculator. Loans are only available for members. If you have any questions about our loans, please contact loans@eastcoastcu.ie
Loans are subject to approval. Terms and conditions apply. 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. East Coast Credit Union Limited is regulated by the Central Bank of Ireland.
Loan Application Process
Become a member and apply for a loan without leaving your home
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 online calculator
3
Apply for Loan
Apply for your loan from the comfort of your home or in one of our offices. Applying for a loan is easy and quick.
4
Sit Back and Relax!
Once your loan is approved we will let you know by phone or text message
Why a share secured loan is better
- We offer a very competitive loan rate of 5.5% (5.64% APR).
- Most people find it easier to repay a loan than replace savings.
- Fast approval for share secured loans.
- Enjoy even lower rates than our product-specific loan offers.
- Continue to earn any future dividends on your savings account.
- Can be used for just about any purpose.
- It guarantees you won't spend your savings, as you may not withdraw the pledged amount until your loan is repaid in full.
- Convenient payment options on your loan.
- Both Savings & Loans of eligible members are covered by Life Insurance (terms and conditions apply).
- You can protect your loan with repayment protection insurance.
