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21 Mar 2024

Our new website is live!

We are delighted to announce the launch of our new website. We hope you like the new look and feel.

For the total loan ofActualAnnual Percentage Rate (APR)
Standard Loan Rate12%12.68%
Loans covered by Shares9%9.4%

Loans

Take Out a Loan

Whether you're looking to borrow to help with your household expenses, further your education, your dream merriage or for a larger purchase, we have the right loan to suit you. We've made it easy to borrow at a fair, affordable rate with no application fees and no early repayment charges.

Loan Calculator

Try out our quick and easy loan calculator below.

Maximum Loan Amount :
Maximum Loan Term :

£

Term

Repayment Frequency
£
APR
12.68%
# Repayments
Total
£
APR
12.68%
# Repayments
Total
£
APR
12.68%
# Repayments
Total
£
APR
12.68%
# Repayments
Total

This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.

Why a Abbey Credit Union loan is different
  • There are no hidden fees or transaction charges
  • Our interest rates are fair and reasonable compared to others in the market
  • Repayments are calculated on your reducing balance, so you pay less interest with each repayment
  • Your credit union loan is insured – subject to terms and conditions – at no direct cost to you. Other lenders charge for this
  • 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!

Our loan rate of 12.68% APR* means you can borrow at a reasonable rate of credit compared to other financial providers. Compare us to other financial service providers and you will see that you get a great deal at Abbey Credit Union Ltd.

*For a £5,000, 4 year variable interest rate loan, with monthly repayments of £132, an APR of 12.68%; the total amount payable by the member will be £6,317.

How do I apply for a loan?

To begin with, you have to be a member of Abbey Credit Union Ltd. For more information on becoming a member please click here. For members, please visit or call us and we can discuss your needs and give you an application form.

The following documentation may be required to process a loan application:

  • 3 recent pay slips (for workers)
  • Most recent tax return / audited accounts (for self-employed)
  • Copies of benefits / pension information (for those on social welfare)

Depending on amount of loan and borrowers credit history with the Credit Union, the following may also be requested:

  • Recent current account bank statements/credit card statements
  • Mortgage statements / confirmation from mortgage lender
  • Proof of purpose