Who can borrow from Roscommon Credit Union?
Only members are eligible to receive loans from Roscommon Credit Union Ltd. If you would like to become a member, visit our Become a Member page.
How long do I have to be a member before I can borrow?
Once you become a member you are eligible to apply for a loan. There is no waiting period or saving requirement needed before you can apply for a loan with Roscommon Credit Union Ltd. New members can join and apply for a loan on the same day!
How much can I borrow?
Members of Roscommon Credit Union Ltd. can borrow up to €100,000, with no minimum borrower amount* No matter what your personal loan needs we have a great value loan to suit you!
*Roscommon Credit Union Reunion Loan, has a minimum borrower amount of €3,000. All other loans have no minimum borrower amount.
How are loan Applications Assessed
Each application is treated in the utmost confidence and will be considered on its own merits. Loan approval is based on ability to repay and not how much you have in your savings account.
How long does it take to get loan approval?
Once your loan application and supporting documents are submitted and credit check complete and where required a guarantor is in place, you can expect to hear back from our loans team within 24 – 48 hours!
Can I apply for a further loan before I repay my current loan?
Yes, you can apply for a top up loan at any time; you don’t have to repay one loan before applying for another.
How do I repay a loan?
Once you decide the schedule of your repayments, weekly, bi-weekly or monthly. You can opt to repay your loan by standing order, wage deduction, electronic funds transfer or by calling into any of our offices.
Can I assess my credit union account online?
Yes, you can access your account(s) by logging in to our online banking. You can request a pin at any time. With your PIN you can check current balances, next payment date or loan amounts. You can also request a statement of your account at any time. Simply enter the dates you require and we will post your statement to you.
Not a Member, Not a Problem!
If you’re not already a credit union member, why not join today? You’ll find more details on what you need to join by clicking here.
Or if you can’t remember the last time you used your credit union account, that’s also no problem. At Roscommon Credit Union Limited we love to see old friends returning. Chat to us about reactivating your account.