PLEASE NOTE: UNDER CENTRAL BANK CCR REGULATIONS WE ARE UNABLE TO PROCESS LOAN APPLICATIONS WITHOUT A PPSN NUMBER.
If you are applying online for a loan you must provide proof of your PPSN No. before we can proceed with your application.
Trinity Credit Union will consider loan applications from members for any worthwhile purpose.
*We strive to provide fast, efficient, affordable loans to our Members and aim to have Loans assessed within 24 hours where possible.
Each application is treated in the utmost confidence and will be considered on its own merits. It is credit union policy to meet the borrowing requirements of as many members as possible, depending on the available funds. Loans can be applied for by calling in to our office or via the members section of the web site. Our staff will give you any assistance required. Loans will then be considered by a Loan Officer, or will go to the weekly Credit Committee meeting.
What you need when applying for a loan
Click here to submit an Online Application Form.
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In deciding whether or not to grant the loan the loan officer or credit committee will take into account the members record of savings and loan repayments, as well as ability to repay.
Under Central Bank Regulations all loan applications require supporting documentation showing ability to repay.
Acceptable Documentation for Proof of Income:
•Current 3 month Bank Statements & Last 3 Payslips / Social Welfare Receipts
If Self Employed
•Audited Accounts, Tax Clearance Cert and Current 3 Bank Statement
Trinity Credit Union are members of ICB the Irish Credit Bureau & are also obliged to report to the CENTRAL BANK CCR CENTRAL CREDIT REGISTER.
For more information regarding ICB click here http://www.icb.ie/faq.php
For more information regarding the CCR click here What is the CCR?
If you have any query regarding acceptable supporting documentation please call or email us for more information @ 01 8476504 or firstname.lastname@example.org
Planning and managing repayments
Credit unions are flexible with regard to repayment plans, though there are some legal limitations to the length/term and amount of loans. The member will be advised on the best repayment plan to meet their own circumstances. 5 years is currently the maximum loan term.
There are no penalties associated with clearing your loan quicker than agreed.
Should a member experience difficulties in meeting repayment commitments they should contact the Credit Union immediately to discuss their account. Trinity Credit Union will treat the matter sympathetically and in total confidence.
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.
Trinity Credit Union Ltd. is regulated by The Central Bank of Ireland
Interest on credit union loans
Under law a credit union cannot charge any more than 1% per month on the reducing balance of a loan. This represents an interest rate of 12.68% APR (Annual Percentage Rate). Credit unions do not charge fees or transaction charges. The Credit Union is currently offering competitive rates. View our loan calculator to see how reasonable a credit union loan could be. We also have regular promotional rates of interest. Since the interest is charged only on the outstanding balance of the loan, you will pay even less if you repay in a shorter time than planned.
Click here to submit an Online Application Form. Online application form
Trinity Credit Union are highly sympathetic when the unexpected happens. Should you lose your job, for example, we’ll happily sit down and talk with you in a constructive and supportive manner, with a view to working out a repayment schedule that’s realistic and sustainable. Communicating your situation is key. On-going arrears on your account will appear on the ICB and CCR and could affect your ability to borrow in the future e.g applying for a Mortgage, Car Finance etc.
If you are having problems in that regard you can talk with us in confidence. We are here to help.
Phone us on01 8476504 and discuss your situation with our experienced credit control team, or better still, call in to the office for a face to face discussion to explore your options.
Don’t delay contacting us with arrears building up, this will only make the situation worse. We are here to discuss your situation in confidence and will work with you to agree a plan for making repayments. It will help greatly if you can bring all of your documentation with you, such as payslips (including social welfare payments) and details of any other commitments you may have.
Update May 2017
Important Information relating to the introduction of the Central Bank of Ireland Central Credit Register
Visit our website for further information http://trinitycu.ie/important-information-relating-introduction-central-bank-ireland-central-credit-register/Further Information is also available from https://www.centralcreditregister.ie/