Covered by Shares Loan 6.43% APR
It's All About You
The Covered By Shares Loan is available to members who have enough shares to cover the loan balance.
Why a Covered by Shares Loan?
Discover some of the Covered by Shared Loan features
Loan Calculator
Apply for a loan today with interest rates that suit you! Read the details about this loan product to ensure you are eligible.
Maximum Loan Term :
6.43%
6.43%
6.43%
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.
Representative Example
Fair pricing from your local credit union!
Loan amount
£5,000
Interest rate - APR
6.43%
Loan term
3 years
Total interest
£496
Montly repayment
£153
Total cost of credit
£5,496
The loan process
Simple and convenient for you
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
Requirements
What you need to avail of our incredible offers
- Become a member at Derry CU
- Apply Online
- Give us your authority to complete an Experian credit check
- 3 months of bank statements
- Additional information such as bank statements may be needed
Ready to apply?
Apply online with our online loan application, over the phone by calling 028 7126 7474 or visit us in our Derry or Claudy office where a friendly members of staff will process your application.
