How to Apply for a Loan

Branch: Call into any of our 8 branches spread through-out the County.
Telephone: Call our Lending Department at 065 682 8305.
Online: Registered Members can Apply Online here.

Loan Application Documentation Requirements


  • Photographic ID and Proof of Address.
  • 3 Months recent Bank Statements.
  • 3 Payslips or Social Welfare Slips.


  • Photographic ID and Proof of Address.
  • 2 years most recent set of Trading Financial Accounts.
  • Notice of Assessment or Form 11 for the last 2 years.
  • Tax Clearance Certificate or Confirmation regarding Tax position.
  • 3 Months Bank Statements (Personal and Business).

*Additional Documentation maybe required.

Top-Up loans

A Member can apply for a Top-up loan on an existing loan at any time. A Member does NOT have to repay one loan in full before applying for another loan. However, St Francis Credit Union urges our Members to make reasonable repayments before
re-applying for Top up loans.

Warning – This loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.

Security and Guarantors

For larger loans the credit committee may insist on other security such as assignable insurance policies or a legal charge on a property. Guarantors may also be sought by the Credit Committee to support the loan application.

Should the member fail to repay the loan, there is a legal obligation on the guarantor to repay the loan.

What steps should a member in financial difficulty take?

  • Should any borrower find themselves in difficulty due to some unforeseen circumstances they should immediately contact the Credit Control Officer.
  • Arrangements can be made to avoid the account going into arrears and protect his/her good credit record. This is very important as arrears on an existing loan can cause problems if a member applies for further loans.
  • Members in difficulty will be treated sympathetically but the onus rests with the member to make early contact with the Credit Union.
  • The Money Advice and Budgeting Service (MABS) provide an excellent service for members of the community who find themselves in financial difficulties.

What is a Credit Agreement?

A Credit Agreement, once signed, is a legally binding contract between the member taking out a loan and St. Francis Credit Union Ltd. The agreement contains the Terms and Conditions under which the loan will be issued and under which it must be repaid by the member.

By signing the Credit Agreement, a member agrees to be bound by its terms and conditions.