Switch & Save

Our Switch & Save Loan gives you the chance to bring together all of your credit card, store card, loan and overdraft payments into one monthly repayment.

With the Switch & Save Loan we can lend members:

• up to €25,000 at 12% (12.68% APR).
• to be repaid up to five years.

The Switch & Save Loan includes:

• Lower interest rates
• No set up fees
• No administration charges
• No early repayment penalties
• You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty. Other lenders may charge you extra for paying them back faster!

The Switch & Save Loan is approved subject to interview, and applicants will be asked to provide up-to-date creditor statements and proof of all income and expenditure.

First time loans require 5% of loan amount to be in savings.

Funds are paid directly to creditors.

How do I apply for a Switch & Save Loan?

For existing members

For fast approval of a loan please provide:

• Proof of Income (3 most recent payslips or social welfare receipts).
• 3 Months Bank Statements. (including the most recent transactions)
• 3 Months Credit Card Statements.
• Evidence that expenditure is for Home Improvements may be required.
• Your consent to undertake an Irish Credit Bureau check with your loan application.

Loans are subject to approval. Terms & Conditions apply.

If you are not already a Member of Sarsfield Credit Union, you can easily open an account at our branch in Glentworth Street.

Please bring the following documentation with you:

• Photographic ID (e.g. a current Driving Licence or Passport)
• Proof of Address (e.g. a utility bill, government letter or bank statement dated within the last 6 months)
• Proof of PPSN (e.g. Public Services Card, Medical/Drugs Payment Scheme Card, P60, P45, or correspondence from Revenue)
• If not living in the area, proof of working in the area

Joining is Easy! It takes about 20-25 minutes.

To be eligible for membership of Sarsfield Credit Union you must fall into one of the following categories:

• Live within our common bond area
• Work in Limerick City
• A family member who was a member of the Arch Confraternity
• Live with a relative that is already a member

Representative Example

Representative Example

Borrow €6500 over 5 years, repay €144.59 per month, total amount payable is €8678.93. APR is 12.68%.