Our mortgage is available for members to purchase their home. Our rate of 4% (APR 4.1%) is variable but has not changed since 2020.

Our local, helpful staff are always available to help our members through this daunting application. You can use our loan calculator below to find your ideal payment plan and loan term.

Estimate your loan repayments

Loan Calculator

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APR 11.00%

APR 11.00%

Repayment Summary*:

Weekly

Total

Interest

Fortnightly

Total

Interest

Monthly

Total

Interest

∗Terms & Conditions Apply. All figures given on this website are for your general information only, and give a rough guide to loan repayments. Any statements on this website do not purport to be authorative or legally binding. You are advised to check with our offices for up-to-date rates and offers.

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Loan Enquiry

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What We Require From You
1

Outgoings

  • Previous six (6) months bank statements (all accounts)
  • Previous six (6) months credit card statement (if applicable)
  • Previous six (6) months statements for all borrowings
  • Mortgage statement (if applicable)
2

Proof of Income

  • Employed - 6 months’ up-to-date consecutive pay slips
  • Employed - Previous 3 years End of year Statement (previously called P60)
  • Employed - Salary Certificate signed & stamped by your employer(s)
  • Employed - Statements for any savings and/or investment (previous six (6) months)
  • Self-employed - For company 3 years audited/trading accounts (certified by your accountant)
  • Self-employed - Confirmation of tax position from your accountant
  • Sole/non-company Traders – 3 years Revenue Notice of Assessment
3

Other Conditions

  • Evidence of source of remaining values of property
  • Valuation of property
  • Property title must be in the name(s) of the borrower(s)
  • Mortgage on property in favour of Enniscorthy Credit Union Limited
  • Signed Undertaking that property will be Principal Private Residence
  • Life Assurance assigned to Enniscorthy Credit Union Limited
  • Fire Insurance naming Enniscorthy Credit Union Limited
  • Self-build projects - Builders Insurance naming Enniscorthy Credit Union Limited
  • Full security pack dealt with by credit union solicitor
  • Disbursement of loan made through member's solicitor
Lending criteria

Amount & Terms

  • Minimum Loan €50,000
    Maximum Loan €350,000

    Minimum term 5 years
    Maximum Term 35 years

    This loan is for the purchase of a member's home. It must be occupied with the member as their principal private residence. A Mortgage is secured with first charge on the property.

Maximum Loan to Value

  • Non-first time buyers - 90% loan-to-value

    First time buyers – 90% loan-to-value

    Repayment frequency monthly

    For self-build property the maximum loan is the lower of 75% of Final Valuation or 100% of build cost, subject to maximum loan of €350,000

Insurance Requirements

  • You will be required to provide Life Assurance for the loan at your own expense with any provider of your choice.
How to apply

How To Apply

Existing members can come in to any of our offices, call us on 053 9233 835 or email loans@enniscorthycu.ie. We can then discuss your needs and proceed with your mortgage application.

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WARNING: THE COST OF YOUR MONTHLY REPAYMENTS MAY INCREASE.

WARNING: IF YOU DO NOT KEEP UP YOUR REPAYMENTS YOU MAY LOSE YOUR HOME.

WARNING: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.

IN ORDER TO REVIEW AND ASSESS AN APPLICATION, WE WILL LOOK AT ALL DOCUMENTATION SUBMITTED BY YOU IN CONJUNCTION WITH OTHER STANDARD CHECKS. THESE CHECKS MAY INCLUDE BUT ARE NOT LIMITED TO – OBTAINING AN INDEPENDENT VALUATION OF THE PROPERTY IN QUESTION AND CARRYING OUT A CREDIT HISTORY CHECK ON THE APPLICANT/S.

When applying for a mortgage with us you will need to speak directly with one of our mortgage team. Please call 053 9233 835.

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