First Time Borrower Loan
First Time Borrower Loan
6.9% (APR 7.14%)
Our First Time Borrower Loan, like our Personal Loan, can be taken out for most purposes imaginable.
The First Time Borrower Loan is designed for any Wicklow and District Credit Union Limited member who has no borrowing history or who hasn’t borrowed in over three years with us and who meets the financial qualifications to support the loan application.
- 6.9% Variable Interest Rate (7.14%APR)
- Available to new and existing members
- Must not have an existing loan with Wicklow and District Credit Union Ltd
- Only available to each member once
- Apply for a First Time Borrowers Loan within minutes at the counter, over the phone or via our website. Proof of Income must be supplied for all amounts.
- Flexible Repayment Schedule – Choose between weekly, fortnightly or monthly repayments.
- Loan protection insurance at no extra cost * (T&C) Get a built in insurance with the First Time Borrowers Loan.
Why not check out a personally tailored repayment plan for yourself just click here and select First Time Borrower Loan on our Repayment Calculator
If you’re not already a member, simply get in touch about joining and we’ll take it from there.
Because your credit union was formed solely to help its members, it aims to offer fair and reasonable rates on savings and loans. But this isn’t the only advantage of saving and borrowing with your credit union.
Loan Protection Insurance is provided by your credit union for you, the member, at no extra cost. This means that in the event of death, the insurance cover provides that the loan is repaid in full. Each member of the Credit Union is eligible for loan protection insurance if they meet the following criteria:
- Have not reached your 85th birthday.
- Have signed a credit agreement when the loan is granted.
- Are actually at work (or physically capable of carrying out the normal work duties)
- If not working are in good health.
In the case of joint accounts both parties are insured.
Note: Members should not confuse Loan Protection Insurance (LPI) with Repayment Protection Insurance (RPI).
Life can get busy, and we respect your time. You need your credit union to be as quick and easy as possible, and you might not always have time to call in to our office. We are now offering members a convenient way of paying money directly into their credit union accounts from their desktop, tablet or smartphone, 24 hours a day using a debit card and CUonline. Repaying a loan or saving has never been easier or more convenient.
Haven’t got an online account or not familiar with computers, don’t worry contact us directly and we can take loan repayments by card over the phone. (NB: Share or Deposit payments can not be taken over the phone)
The payments are securely handled by Realex on our behalf.
Online debit card payments, once made cannot be cancelled/refunded. Please contact us if you need assistance.
What is it?
Our new online Debit Card feature, allows members to pay into their credit union account from anywhere using their debit card through our secure cuOnline portal.
What it does?
With the new Online Debit Card feature, members can securely make a one-off payment or set up recurring payments through their cuOnline account or for those who haven’t registered for an online account, loan repayments can also be taken by our staff over the phone or in person with the member’s authorisation.
The benefits
Debit card data is stored securely by Realex in full compliance with PCI (Payment Card Industry) standards, and the payment page incorporates SSL (Secure Socker Layer) Technology.
Registered cards and recurring payments are displayed in list form and payments can be scheduled weekly, fortnightly or monthly, giving members the clarity they need to make smarter financial decisions.
Not a member? If you’re not a member you can join us and apply today.
*For security and peace of mind we offer free Loan Protection Insurance.**All loans are based on the ability to repay, not on your savings.
*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. **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.
