PMC Loan
12% (APR 12.68%)
A Personal Micro Credit Loan is available to members who are over 18 years of age and in receipt of a social welfare scheme payment.
There are times in life when you need to borrow. When something unexpected happens and you need a loan in a hurry. And if you are in receipt of social welfare, you may think that you have no other option than to turn to a moneylender. But there is another option. Your local credit union.
Try out our Loan Calculator
Maximum Loan Term :
12.68%
12.68%
12.68%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
What do I need to apply?
Proof of income:
- 2 Most Recent Social welfare slips or
- if paid direct to your bank, a letter from the social welfare office confirming the payment type and amount
- Proof of rent or other liabilities if not evident on your bank statement
Bank statements:
- Bank account statements for 3 previous months (including Revolut), provided via AIS
Our aim is to provide a loan decision within 24 hours. If you submit the required proof of income and complete your AIS (for bank statements), you may receive a decision even sooner.
If applying in branch, bringing these documents with you can help speed up the process and reduce the time taken to reach a decision.
Lending criteria, terms and conditions apply.
Click here for our FAQs.
Why apply with us?
A Personal Micro Credit Loan is available to members who are over 18 years of age and in receipt of a social welfare scheme payment. The interest rate is 12% APR (12.68%)
Your social welfare payment must be collected weekly from An Post or paid direct to your bank account.
If you collect your social welfare payment from the post office, you must qualify for deductions to be made through the household budget and be willing to open up or use your existing Household Budget Account (HB) as the repayment method.
- Repayment frequency is weekly in line with social welfare payments
- Loans can be repaid early without penalty
- Loans can be for any provident and productive purpose
- Minimum loan value is €100
- Maximum Loan Value is €1,000
- Minimum loan term is one month
- Maximum term will be 24 months
- Terms & Conditions apply
Ready to Apply?
Click on "Apply Now" button to start your journey right now or click on "Contact Us" button to send us a message if you are unsure about your documentation, or still have other questions. If you are not a member, join us today!
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