Loans Loans

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We provide simple inexpensive loans that get you what you want quickly and easily...

Just over €41 million is currently out on loan to our members......... so don’t miss out on what they’re cars, holidays, extensions, new windows, garden equipment, gas central heating, conservatories and much more!

Loan Calculator

Our Loans At a Glance

Why borrow from Drogheda Credit Union?

1 year
2 years
3 years
4 years
5 years
€ 40.03
€ 20.81


€ 52.01
€ 36.02


€ 72.81
€ 50.42
€ 39.26
€ 32.60

€ 104.01
€ 72.03
€ 56.09
€ 46.57

€ 108.04
€ 84.13
€ 69.85

€ 144.05
€ 112.18
€ 93.13

€ 216.08
€ 168.26
€ 139.69
Loans are calculated at our standard loan interest rate 7.9% (APR 8.2%). Lending terms and conditions apply

Why borrow from Drogheda Credit Union?

Here's why...

  • At present we have 3 rates; our Standard Variable loan rate is 7.9% (APR 8.2%), our Special Savers Loan rate is 4.9%(APR5.2%) and our New Student Loan rate is 5.9% (APR 6.08%). All of which are calculated on the reducing loan balance. This means you only pay interest on what you owe! The quicker you pay off your loan the less interest you pay. Simple!
  • We do not charge administration fees, documentation fees, arrangement fees or any other sort of fees.
  • There are no penalties if you decide to pay off your loan early.
  • We are a non-profit making mutual co-operative.
  • No balloon payments at the end of your loan term.
  • We offer free loan protection insurance to our members. This means your loan will be repaid in full in the event of your death or permanent disability, providing you were in good health when taking out the loan. With other financial institutions this type of insurance usually costs extra.
  • If you have an existing loan with us and are looking for another loan, we simply top up your existing loan and calculate the repayments based on the two combined.

Special Saver Loan

4.9% (APR 5.2%)

  • We have a 'Special Saver Loans' at a preferential interest rate of 4.9% (APR 5.2%). This is to facilitate members who wish to retain their savings and maintain the insurance on both savings and loans. Loans must remain within balance of shares for the duration of the loan.

NEW Student Rate Loan

5.9% (APR 6.08%)

  • New to 2016 we have just rolled out a new Student loan at a rate of 5.9% (APR 6.08%). With the cost of 3rd level education constantly on the rise we have introduced this rate to help students and families with the financial stress of education. With members able to pay off loans for courses over a maximum of 5 years this will certainly help many young people looking to go to 3rd level.

Loan Applications

Applications for loans are made on a standard loan application form. Loans can be applied for by calling to any of our branches in Drogheda, Bettystown or Trim. Our staff will give you any assistance required. Loans will then be considered by a Loan Officer, or will go to the Credit Committee.

Remember - only members are eligible to receive loans from your credit union.

Important note: Should a member experience difficulties in meeting repayment commitments, they should immediately explain the situation to a member of our Credit Control team. They will treat the matter sympathetically and in total confidence. Depending on circumstances, the loan will be renegotiated if possible. There are no penalties associated with clearing your loan quicker than agreed.

There are no penalties associated with clearing your loan quicker than agreed.

Interest Rebate

An interest rebate of 10% was returned to members on interest paid on loans from 1st October 2015 to 30th September 2016.

Contact Us
  • Tel: 041 9838496
  • Fax: 041 9835684
  • Email:
  • Clarke House, Laurence Street, Drogheda, Co. Louth
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Drogheda Credit Union Ltd. is Regulated by the Central Bank of Ireland. Reg No. 23CU