Truth: St. Raphael’s have a 98% loan approval rate.
Truth: Most of our loans are approved within 24 hours.
Truth: You can apply for loans as soon as you have become a member.
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.
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.
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 €10,000 five year loan with a variable interest rate of 4.5% and 4.59% APR (Annual Percentage Rate), where the APR does not vary during the term, would have monthly repayments of €186.43 and the total cost of credit (the total amount repayable less the amount of the loan) would be €1,185.81.
Loan cannot be topped up after attestation. Payroll deduction only. Loan available to new Garda recruits only.