Our Loans
We like to say YES!
We think it’s great that many of our members join to avail of our loan facility, and thanks to our savers, we have a healthy loan fund. We currently approve 94% of loan applications.
We have the right loan for YOU!
We offer a range of loans. Which one suits you? Click on the icons for more information.
Standard Loan
Members with the Standard Loan enjoy the interest rate rebate agreed at our AGM, making this popular loan even better value.
Covered by Shares Loan
The Covered By Shares Loan is available to members who have enough shares to cover the loan balance.
Auto Loan
Own your car from day 1 and avoid HP arrangements and balloon payments with our Auto Loan.
Diamond Extra Loan
The Diamond Extra loan is the perfect loan when you need to make those larger purchases costing £7,000 or more.
Agri Loan
The Agri Loan will appeal to farmers to purchase livestock, new or second-hand machinery, and upgrade buildings.
Green Loan
Our Green Loan is an option for members seeking to make their homes more energy efficient.
GO Loan 12.68% or 6.43% APR
Our GO Loan (Get Organised Loan) is an option for Members aged 16 and 17 years to help toward education or employment expenses. 12.68% APR or 6.43% APR if eligible.
How to apply
Which method do you prefer?
Online
Choose from one of the three options below.
- I am a member registered for a PIN. Click here to apply for your loan
- I am a member not registered for a PIN. Click here to register for your PIN
- I am not a member. Click here to join.
Phone A Loan
Ring 028 71267474. Have your account number ready. A member of staff will take your application over the phone during business hours. Outside of office hours, leave us a message and we will ring you back.
In person
Visit us in our Derry or Claudy office where a friendly member of staff will process your application. Click here for our opening hours
Why a loan with us?
Discover the Benefits of a Derry Credit Union loan
Loan Calculator
Try out our quick and easy loan calculator below
Maximum Loan Term :
12.68%
12.68%
12.68%
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.
The loan process
It's so simple
Step
1
Apply
Log into Online Banking and submit a loan appication
Step
2
Upload Documents
Provide the required documents for your loan application
Step
3
Sit back
Immediate decision or receive the decision by text message
We might ask you for proof of ID, proof of income, bank statements or other documents to support your application. You can
- bring in the original copies to our office,
- scan and email them to Loansdepartment@derrycu.com or
- if you are applying online, you can scan and upload them into the secure digital wallet, which is part of the online loan application service.
- Can you afford the loan repayments?
- What is your previous borrowing history with us, if appropriate?
- Do we have the documents to confirm your income, outgoings, and other debts if required?
- Limited income – may not be able to make the repayments
- Poor credit history
- Poor loan history with Derry Credit Union
