How To Apply
How To Apply
What you need to apply for a Credit Union Loan?
To apply for a Loan please provide:
- Proof of Income (3 most recent payslips or social welfare payments)
- 3 Months Bank Statements
- Proof of Purpose. A Quotation from a Supplier may be required.
- Seek your consent to randomly undertake a Central Credit Register check with your loan application.
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- Proof of College Place and Breakdown of Loan Purpose is required (third level only)
- Proof of income (3 recent payslips or social welfare payments)
- For College Loans it is normal policy for us to request a guarantee from a parent/guardian with Proof of Income and 3 months Bank Statements.
Additional Information required for:
College Loans
- Proof of College Place and Breakdown of Loan Purpose is required (third level only)
- Proof of income (3 recent payslips or social welfare payments)
- For College Loans it is normal policy for us to request a guarantee from a parent/guardian with Proof of Income and 3 months Bank Statements.
Secured Loans
PAYE workers either of the following:
- Recent P60
- One recent payslips/proof of social welfare (not more than 6 weeks old)
- Most recent Bank Statement (in the last 3 months) showing current income
Self -Employed workers:
- The latest year of certified accounts or
- Copy of your Revenue Commissioner’s Assessment (Form 11)
- Tax Clearance Certificate
Agri & SME Loans
The Regulations on lending to Small and Medium-Sized Enterprises (SME Regulations) were introduced by the Central Bank of Ireland and became applicable to Credit Unions from the 1st January 2017.
A micro and small enterprise means a enterprise which employs fewer than 50 people and which has either or both of the following:-
- an annual turnover which does not exceed €10 million
- an annual balance sheet total which does not exceed €10 million
A medium-sized enterprise means an enterprise which employs fewer than 250 people and which has either or both of the following:-
- an annual turnover not exceeding €50 million
- an annual balance sheet total not exceeding €43 million
For more information on the SME application stage please click the link below. Alternatively you can email loans@westportcu.ie or telephone our loans team on 1850 940 270.
Westport Credit Union has an information booklet which includes the description of the types of alternative arrangements that may be available. Please click the link below for more information.
