Traditionally credit unions' new members were required to save for an initial period of time. A modest retained savings record is desirable, however once you activate your account with a minimum of €10 you may apply for a loan.

Loan applications from members are considered by the Credit Committee at least weekly, Generally, the maximum loan repayment term does not exceed 5 years however, the Credit Committee will consider applications that exceed the five-year term depending on suitability of loan purpose.

Lifestyle loans

Why should you borrow from esccu?

  • Best comparable personal loan rates available
  • No hidden charges
  • No penalty for early repayment
  • Flexible repayment terms that suit you
  • Interest on a loan is accrued on the reducing principle balance
  • Refinance options available
  • Free Loan Protection Insurance

Our current loan rates

  • 1 year term loan @ 5.9% A.P.R. (Fixed)
  • Higher Education Loan @ 6.3% A.P.R. (Variable)
  • 3 year term loan @ 6.5% A.P.R. (Fixed)
  • 5 year term loan @ 6.9% A.P.R. (Variable)
  • Standard loan @ 8.9% A.P.R. (Variable)
  • Our 4.8% A.P.R (Variable) Loan secured by Unattached Shares

All loans are subject to approval, lending terms and conditions.

Warning: 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.

Where can I apply?

You can now apply for a loan online through your member's area. Log in and choose "Apply for a loan online". You can even choose to complete your loan application through digital signature. View more information in our electronic signature guide.

Over the counter

Applications for loans are made on a standard loan application form. Loans can be applied for by calling to our office at 55 Dawson Street, Dublin 2.

By post

Original completed loan application forms can be sent to our Loans section @ 55 Dawson Street, Dublin 2. Forms are available in our online forms section or you can download the loan application form.

Our staff will give you any assistance required and can speak to you in private. Loans will then be considered by a Loan Officer or will go to the weekly Credit Committee meeting.

What do I need to apply for a loan?

  • Membership details
  • Loan amount required
  • Loan purpose

Members will be asked to provide esccu credit union with three most recent pay slips and an up to date bank statement show the last three months. Further documentation to help support your application maybe required or asked for. Download the loan application supporting documentation guidelines below.

What happens when I make the application?

In deciding whether or not to grant your loan, the loan officer or credit committee will take into account the following:

  • Your record of savings
  • Your loan repayment record
  • Your ability to repay
  • The purpose of the loan


There are two preferred method of repayment options for loans:

  • Payroll deduction from your wages (where available)
  • Direct Debit from your bank account

The credit union can assist you with the set up of either of these options.

Credit committee

The committee meet once or twice a week, subject to volume of Loan applications.