Loan Calculator

It's All About You

Borrow at a very competitive loan interest rate for minor home improvements, holidays, weddings and more.

Calculate Your Loan Repayments

Apply for a loan today with interest rates that suit you!

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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.

The benefits of borrowing from us

A credit union loan is different to any other loan on offer in your community.

A loan is insured at no cost to the member against disability or death

Once you are eligible for a Credit Union Loan, repayment terms can be designed around your needs

Repayments are calculated on your REDUCING balance so you will pay less interest with each repayment

Open Banking is available, allowing you to securely share your information without printing, photocopying, downloading or emailing bank statements

Wide range of very competitive, reasonable and fair rates

There is no charge when you take out the loan and there are no hidden fees or transaction charges

The requirements to apply

  • Become a member of Synergy Credit Union
  • Apply online
  • Copy of 3 most recent payslips
  • 3 months of bank statements
  • Additional information may also be required
Apply Now

Representative Example

A representative example is a term used in financial regulations. The example will help to show you the typical costs associated with a loan for a certain amount.

Loan Amount


Rate of interest - APR


Loan Term

3 years

Total interest


Montly Repayment


Total Cost of Credit


Loans FAQs

Have a question? See if it's answered in our Frequently Asked Questions below.

Who can borrow from Synergy Credit Union

Only members are eligible to borrow. You can join the Credit Union as a member and apply for that loan you need at the same time. Members need to be living, working or going to school in our common bond to eligible to join. If a person in your household is a member, all other people in that household can join Synergy Credit Union too regardless of where they live.

How do I apply for a loan?

Members can apply for a loan online, by email (Link by Freephone 1800 272927 or by calling into any of our offices in Fermoy, Watergrasshill or Lwr. Glanmire Rd. in Cork City.

Can I apply for a further loan before I repay my current loan?

Yes, you can apply for a top up loan at any time; you don’t have to repay one loan before applying for another. If your new loan is based on a different interest rate, our system is enabled to run two or more loans on the same account at the same time.

How do I repay a loan?

You can repay your loan by direct debit, wage deduction, electronic funds transfer or by calling into any of our offices. There is also Express Lodgement facilities located in our Fermoy Branch.

Are there any hidden or additional costs?

Apart from the loan interest, there are no other costs, fees or charges.

Can I switch a loan to Synergy Credit Union from another financial institution?

Yes, you can switch any Bank Loan or Credit Card Balance to a Synergy Credit Union at a reduced loan interest rate

How soon after I join Synergy Credit Union can I apply for a loan?

Straight away! You can join the Credit Union and apply for that loan you need on the same day. The loans officers generally approve loans on the same day or the following.

How much can I borrow?

You can borrow up to €100,000 unsecured for a maximum term of ten years. The maximum loan amount that you can borrow will be based solely on your ability to repay within the agreed time frame.

What is Loan Protection Insurance?

Synergy Credit Union maintains an insurance policy called the Life Savings and Loan Protection Policy (LP/PS), which activates on the death of an eligible member to increase the value of their savings which can be returned to the member’s estate or family and to clear outstanding loans.

How much savings do I need to be able to borrow?

Contrary to popular belief you do not need to have savings or have been a member for a certain time. Each application is dealt with on its’ own merit. You need to show you have the capacity to make repayments as well as having enough left over to live on

Can I apply for loan remotely without visiting an office?

Yes, you can apply for a loan online , upload any required documentation to the credit union electronically and sign for the loan remotely using Docu-Sign. Once the loan agreement is signed electronically, we will send the funds electronically to your nominated account