We have competitive loan rates for everything you need; a new car, holidays, home improvements, your child’s education, family events, a big day, dental work and so much more!

The amount will depend on the size of the loan you’re looking for. However, you will need to have money in your shares account before you make an application. Generally, the amount required is 5% of the loan amount, but this is something we can discuss with you.

• You can make an application at our office on Glentworth Street.
• You can phone our friendly and experienced Loans Officer on 061-317910
• Apply online by logging into the Member Login area or via the Sarsfield Credit Union mobile app.
• Send an email enquiry to
  happytohelp@sarsfieldcu.ie

PAYE/Social Welfare Members:

• 3* Months recent Bank Statements up to date – this includes Revolut or other online bank where you have such an account
• 3* Months Credit Card Statements
• 3 recent Payslips or Social Welfare Slips
  Evidence of any other income e.g. rental income, maintenance

Self-Employed Members:

• Most recent audited or annual Trading Financial Accounts
  Most recent Notice of Assessment or Form 11
• Tax Clearance Certificate or Confirmation regarding Tax position
• 3* Months recent Bank Statements up to date (Personal and Business if applicable)

We may request additional documentation from you to support your loan application. (If required)

*For your first loan with us we will need 6 months statements.

Of course, you can. We are here to help all our members. Being on a lower income or a social welfare payment does not exclude you from borrowing; we will only lend what you can afford to repay, so your loan will be appropriate for your circumstances.

Some, or all, of your shares are pledged (locked in) as collateral security on your loan. The amount will be discussed and agreed with you when you apply for the loan. This means you cannot withdraw your pledged shares while you are repaying the loan. If your shares are higher than the pledged amount, you can withdraw the surplus.

Yes. You can apply for a top-up loan on an existing loan at any time, provided your payments are up to date. You do not have to repay one loan in full before applying for another. However, we urge our members to make a minimum of 3 repayments before applying for top-up loans. The Central Bank of Ireland also discourage people from continually topping up their loans and do encourage people to clear loans in full.

Always keeping your repayments up to date and never falling into arrears are the best way to ensure you can borrow again. Another way to improve your chances when looking for future loans is to continue saving. We always recommend that our members continue to save something, no matter how small, while making their loan repayments, if possible.

First thing to do is contact our Credit Control team on 061-319710 as soon as you run into difficulty. The sooner you do so, the better, so that we can come up with the best solution to help you navigate through any difficulties. We are here to help and work with you, not against you and there are always options. We also want to help you protect your credit rating. All our loans are reportable to the Central Credit Register, and non-payment of your loan/s can mean future credit applications may be refused by other institutions also.