Loan Details
Reasons to consider a St Gabriel's Loan:
- Competitive Interest Rates
Since the credit union is run for the benefit of its members we can offer loans at an attractive rate of interest. The loans rates currently available at St Gabriel's are as follows: - Quick Decisions
Once a loan application is made it will then be promptly considered by a loan officer or the credit committee. - Loan Protection Insurance
In credit unions the savings and loan balances of all eligible members are automatically covered by loan protection insurance at no extra cost to the member. - No Hidden Charges
The only charge on your credit union loan is the interest due on the reducing balance of the loan. There are no hidden charges. - Repayments via Payroll/Bank Deduction
Employees and pensioners for eircom and An Post can repay their loans via our payroll facilities. Alternatively you can arrange repayment via Direct Debit from your bank account. - Early Repayments Allowed
You can pay off your credit union loan early. There are no penalties if you do this.
How to apply
Applications can be made online via our online
Loan Application
Form. If you prefer not to submit your loan application via
e-mail, applications can also be made at the office or if you prefer
over the phone. Our staff will give any assistance required in
completing the application.
In deciding whether or not to grant the loan, the committee or loan
officer will take into account the individual member's record to
date, i.e. level of savings and repayments, as well as ability to
repay. Depending upon the size of loan, proof of ability to repay
will be required, normally payslips, bank statements, etc.
Once the loan is granted the member will be asked to sign a credit
agreement (which is a legally binding document being a
promise to repay the loan), and to commit to regular repayments.
Planning and managing repayments
St. Gabriel’s is flexible with regard to repayment plans, though
there are some legal limitations to length and amount of loans.
Members are generally advised to repay the loan in as short a time
frame as possible bearing in mind their ability to pay. Should a
member experience difficulties in meeting repayments, they should
immediately contact the credit union, which will treat the matter
sympathetically and in total confidence.
Use our online Loan Calculator to help you figure out how much a
loan from St Gabriel's will cost you.
If you have any other queries regarding loans, please contact us.
Loan Products
Standard Loans
@ 9.52% (Apr 10%)
Home Improvement
@ 5.8% (Apr 6%)
Education Loans
@ 5.8% (Apr 6%)
One Year Loans
@ 5% (Apr 5.1%)
useful links
The following links may be of use to you in deciding to apply for a loan.
St. Gabriel's offers an Home Improvement Loan
at the fantastic interest rate of 5.8% (Apr 6%). This is
designed to assist you making the decision to upgrade your home
whether it's a new kitchen, attic conversion, conservatory or even
an extension. It allows you to spread the costs associated with your
project over a number of years with the payments tailor made to suit
your pocket.
St Gabriel's recognises the cost associated with
education are high and are getting higher every day. With this in
mind, we have dropping the interest rate on
new education loans to 5.8% (6% Apr). If you can repay your loan
within one year this rate falls still further to 5% (Apr 5.1%)
Remember some of the many advantages of borrowing from St Gabriel's
for education loans, include:
St Gabriel's offers a one year loan at the special low rate of
5% (Apr 5.1%). This special rate is designed to help alleviate
the pressure of annual expenses such as Christmas, Car Insurance,
Health Insurnace, Education,
Holidays/Travel etc. 
Thinking of changing your car or going on that special holiday?
St. Gabriel’s will consider loan applications from members for any worthwhile purpose.
Because the credit union is in business run solely to help its members, and is owned by its members,
it does not charge high interest rates. The interest rate charged on our standard loans is currently 9.52% (Apr 10% )