Loans at Douglas Credit Union Limited
How To Apply For A Loan
To apply for a loan simply fill out this form: Loan Application
If you are applying for a loan, you must provide us with the following. We cannot process applications until we receive these documents.
- 3 months current bank statements
- 3 recent payslips
- Proof of PPS
You can email these documents to email@example.com or alternatively, we have a facility for members in our main office where these documents can be printed out, provided you have your bank login details. If you have any questions you can contact us via email or on phone 021-4894555. In order for your application to be processed as quickly as possible, please have all the relevant documents organised.
Loans are subject to approval. Terms & Conditions apply.
The two most important things about a loan are, being able to borrow the money and being able to repay it. New members can apply immediately for a loan with us. A quick decision is made and you are informed via phone. Having a savings history is an advantage but our lending decisions are based on the ability to repay.
A Loan from Douglas Credit Union has great benefits;
Competitive Interest Rates
Free Loan Protection Insurance
Interest is only charged on a members reducing loan balance
No hidden charges or transfer costs
Flexible loan repayment options
No penalty for lump sum repayments or early loan redemption
Flexible options for drawing down loans
Thinking about taking out a loan? Check out our loan calculator
The Approval Process
All applications are treated confidentially. The key consideration is a members ability to make the repayments. Secured Loans can be paid out immediately. All other loan applications will have a decision within 24 hours. All first time loans and loans over 2000 have an ICB check completed, which gives details of the Credit History with other Financial Institutes.