Estimate your loan repayments

Loan Calculator

I'd like to borrow:
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Loan term (years):
Loan term (months):
Loan term (years):
Loan term (months):
Loan term (years):
Loan term (months):
Loan term (years):
Loan term (months):
Loan term (years):
Loan term (months):

APR 11.00%

APR 11.00%

Repayment Summary*:

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Fortnightly

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Loan Enquiry

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What We Require From You
1

Outgoings

  • 3-6 months bank statements of current and business accounts
2

Proof of Income

  • 2 payslips, if in receipt of same
  • Two years financial accounts (the most recent available)
  • Evidence of any non-business related income
  • Statement of direct payments for the previous year
  • Final milk statement for the previous year
  • Confirmation of TAMs II approval (if applicable)
  • The Most Recent Form 11
3

Other

  • Tax Clearance Certificate / letter from your accountant confirming tax affairs are up to date
  • For amounts greater than €25,000 a business plan must be provided, including projections for 3 years
  • Any other supporting documentation including evidence of loan purpose
Lending criteria

Credit Checks

  • Credit Checks must be up to date before any credit will be approved.

Ability to Repay

  • It is our responsibility to all members to ensure that we only lend members’ money to other members when it has been established that there is an ability to repay the loan. A borrower must be able to afford the loan repayments, including interest, over the full duration of a loan.

Maximum Term

  • The maximum term available is 7 years.
How to apply

How To Apply


If you are an existing registered member, you can make a full application online. Alternatively, you can come into our offices or call us on 049 4331715 and we can discuss your needs and proceed with your loan application.

Online Banking Log In Register

Please note: 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.

If you would like more information on applying for a loan with Cavan Credit Union please contact us today.

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