Malahide & District Credit Union

Malahide & District Credit Union

Malahide Credit Union is a small community credit union that can serve all your financial needs.

Phone: 01-8451400
Email: info@malahidecu.ie

Malahide Credit Union Limited
4 Main Street, Malahide, Co. Dublin

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info@malahidecu.ie - 01 845 1400
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LOANENQUIRY
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  • The ‘It Makes Sense’ Loan

The ‘It Makes Sense’ Loan

The ‘It Makes Sense’ Loan

by Malahide-CU / Wednesday, 12 June 2019 / Published in Latest News

There are times in life when you need to borrow. When life throws you a curve ball and you need a loan in a hurry.

Now, there is a real choice. An option that puts you back in control. Your local credit union. The IT MAKES SENSE loan aimed at people in receipt of social welfare.

Say goodbye to expensive loans which can cost up to 188% APR and say hello to a lower rate of 10.5% APR.

WHAT IS THE “IT MAKES SENSE LOAN”?

The scheme is open to anyone to apply who is over 18 years of age, who is in receipt of social welfare and who qualifies for deductions to be made through the Household Budget Scheme. The Household Budget Scheme is run via An Post. A borrower must be willing to sign up to and use the Household Budget Scheme to enable loan repayments to be made. Loans can be granted quickly, typically within the same visit, but within a maximum of 24 working hours of making the loan application. The loan can be for any purpose including to repay an outstanding debt.

The minimum loan amount is €100 and the maximum amount which can be borrowed is €2,000. Loan repayments for the IT MAKES SENSE loan are paid via deductions from the borrower’s social welfare via the Household Budget Scheme. The maximum deduction allowed under the Household Budget Scheme is 25% of total applicable social welfare payments.The minimum loan period is one month and the maximum period is 2 years.

To apply, simply bring two recent social welfare slips (within the previous four weeks) to Malahide Credit Union and you can apply on the spot.

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Get in touch

Malahide Credit Union
4 Main Street
Malahide
Co. Dublin

Tel: 01 845 1400
Fax: 01 845 4683
Email: info@malahidecu.ie

LOAN DETAILS

€3000

24 Months

PAYMENT SUMMARY

Weekly Repayment €

Total Cost €

Fornightly Repayment €

Total Cost €

Monthly Repayment €

Total Cost €


REQUEST A CALL BACK

 

By submitting this form you agree to allow Malahide Credit Union to contact you by either phone or email in relation to this Loan Enquiry.

Read our Lending Privacy Notice

Please Note

Information correct as of 02/02/2023

Whilst every care has been made in the production of this information, it is for illustrative purposes only and to give you an overview of the potential cost of borrowing at Malahide & District Credit Union Limited. It does not constitute a loan offer. Loans are subject to approval. Terms and conditions apply. 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. For more information contact us on 01-8451400.

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REGULATION INFORMATION

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OPENING HOURS

Monday: 10:00am – 2:00pm
Tuesday: 10:30am – 4:00pm
Wednesday: 10:00am – 4:00pm
Thursday: 10:00am – 4:00pm
Friday: 10:00am – 4:00pm
Saturday: 9:30am – 12:30pm
Sunday & Bank Holidays: Closed

GET IN TOUCH

T 01 845 1400
Email: info@malahidecu.ie

Malahide Credit Union
4 Main Street, Malahide, Co. Dublin

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Malahide & District Credit Union

© 2023 All rights reserved.
Malahide & District Credit Union Limited is regulated by the Central Bank of Ireland.

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