Secure a loan against your savings at an excellent 5.75% (5.9% APR) interest rate.
Loan application process
Become a Member
Become a member by downloading and following the steps in our Mobile App. Alternatively, book an appointment to apply in branch.
Calculate your Loan
Estimate how much you could borrow and calculate your repayments: weekly, fortnightly or monthly using our online calculator.
Apply for Loan Online
Apply for a loan with our online loan application, all from the comfort of your home!
Give consent to open banking for a faster response. A safe and secure way to share your financial information.
Sit back and relax!
The decisions are made quickly on loan applications and, if is approved, we'll get back to you and issue you the funds.
Calculate Your Loan Repayments
Apply for a loan today with interest rates that suit you!
Maximum Loan Term :
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.
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
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.
Rate of interest - APR
Total Cost of Credit
Have a question? See if it's answered in our Frequently Asked Questions below.
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.
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.
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.
Apart from the loan interest, there are no other costs, fees or charges.
Yes, you can switch any Bank Loan or Credit Card Balance to a Synergy Credit Union at a reduced loan interest rate
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.
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.
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.
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
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