Website Loan Query

Enter your loan and contact details below . Click Submit Loan Query to request a call back.


We have captured your loan query data, all you have to do now is fill in this short form below and we will get back to you as soon as possible. By submitting this form, you are giving the staff at The Lough Credit Union permission to contact you in relation to this loan query. Please note that this calculator provides an indicative quote and actual repayments may vary. All loans are subject to terms and conditions. The Lough Credit Union Limited is regulated by the Central Bank of Ireland.

4 Ways To Apply

  • Submit a loan application through CU-Online (our online account facility) and a member of staff will contact you to confirm your details once the query is received. Please note that you need to have registered for online account access in order to submit a loan application in this way
  • Freefone our loan line 1800-410-400 with your account number or you can call 021-4963384 and select which office you would like to reach. A member of staff will take your application over the phone and let you know what documents you can pass on to help us make a quick decision
  • Email our loan officers at and we'll take it from there
  • Call into either our Bandon Road or Shournagh Lawn office to apply with the assistance of one of our staff members. To ensure that the application can be processed as fast as possible members are advised to bring all the relevant documentation as set out below. If you want to make this process even faster then feel free to download our loan application form and fill this in before your visit

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Why Choose Us

Loans from The Lough Credit Union have the following great benefits:

  • Competitive interest rates
  • Free loan insurance on eligible loans
  • Interest is charged on reducing loan balances
  • No hidden fees or charges
  • Flexible loan repayment arrangements to suit your preferences and circumstances
  • No penalty for lump sum repayments or early loan redemption
  • Flexible options for drawing down loans

For Loans for those on Social Welfare check out our 'It Makes Sense' Loan.

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The Lough Loan Mythbuster

There often exists misconceptions about Credit Union loans, so just to clarify, with The Lough Credit Union:

  • New members can apply immediately
  • Same day loan decisions, communicated via text
  • We offer some of the lowest personal loan interest rates available
  • Lending decisions are primarily based on ability to repay
  • For most loans the only documentation required is bank statements and payslips
  • Most loan applications are approved with loan approval rates of over 93% in the last financial year
  • Members in receipt of welfare payments regularly apply and get loans from us

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The Approval Process

We do our best to make a quick decision on your application so you can enjoy the benefits of your loan as soon as possible.

All applications are treated confidentially and on their own merits. The key consideration is a member's ability to make the loan repayments over the term of the loan. When applying we usually ask members to provide the following documentation:

  • For loans with a net value* up to €2,000:
    • 1 recent payslip, social welfare receipt or pension receipt
  • For loans with a net value between €2,001 and €15,000
    • 3 recent payslips, social welfare receipts or pension receipts
    • 1 full month's bank statement that is not older than 3 months
  • For loans with a net value between €15,001 and €45,000
    • 3 recent payslips, social welfare receipts or pension receipts
    • 2 month current bank statement
    • Statement of any other loans e.g. Mortgages
  • Secure Loans only require proof of income in the form of 1 recent payslip, social welfare receipt or pension receipt
  • Different documentation requirements apply for self-employed applicants. Please contact the office for more details. 

*Net value refers to the difference between the total loan value and any savings pledged as security against the loan. For example if a member was to borrow a total €10,000 and pledged €200 in savings against the loan, the net value of the loan would be €9,800.

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Irish Credit Bureau

Irish Credit Bureau

The Lough Credit Union is a member of the ICB. The Credit Union has a legal responsibility to safeguard the assets of the Credit Union and to ensure that Members do not become over-indebted. This means ensuring that as much information as possible is obtained to assess a member’s ability to repay a loan. When applying for a loan, members will be made aware that a credit report from ICB detailing their credit history with other financial institutions will be retrieved for their loan decision process.

We always assess a loan application on the basis of a member’s willingness and ability to repay, but  recent regulation requires us to modify the way we make decisions on loan applications to ensure that a Member is not in arrears with their mortgage and that they can afford all existing debts during the term of the loan application we are reviewing. These changes include the use of the ICB.

All loans are subject to approval. Terms & Conditions apply.

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