Get more from your Credit Union Loan
Flexible Repayments
You can choose how frequently you want to make repayments to suit your needs; weekly, fortnightly or monthly.
Free Loan Insurance
If you're under 80 years old, you can avail of free loan insurance on your loan. T&Cs apply.
No Hidden Charges or Transaction Fees
No hidden charges or fees. You won't be charged any extra fees if you decide to pay back your loan early.
Truth or Myth?
Myth: It’s hard to get a loan approved with the Credit Union.
Truth: St. Raphael’s have a 98% loan approval rate.
Myth: It takes a long time to get a loan.
Truth: Most of our loans are approved within 24 hours.
Myth: I have to be a member of St. Raphael’s for 3 months before I can apply for a loan.
Truth: You can apply for loans as soon as you have become a member.
Myth: I can only borrow 3 times my savings.
Truth: Depending on which type of loan you choose, you can borrow up to €75,000. The amount you can borrow is based on your ability to repay, not on your savings.
Myth: I can only have one loan at a time.
Truth: Members can have multiple loans at the same time.
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.
Other Information
Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required. A typical €5,000 five year loan with a variable interest rate of 8.25% and 8.57% APR (Annual Percentage Rate), where the APR does not vary during the term, would have monthly repayments of €101.98 and the total cost of credit (the total amount repayable less the amount of the loan) would be €1,118.88 50
*APR = Annual Percentage Rate