Why Borrow with Derg Credit Union?

• Competitive interest rates
• Free loan protection insurance (subject to terms and conditions)
• Flexible repayment terms
• No transaction charges
• Repayments are calculated on a reducing balance, so the more you pay off the loan the less interest you have to pay.
• You can pay off your loan early, make additional lump sum repayments or increase your regular payments without incurring any penalties.
• Ease of repayment by standing order.

Here at Derg Credit Union we offer our members competitive loan rates tailored to suit your loan purpose.

What documents do I need to apply for a loan?

• Photo ID
• 3 Most Recent Payslips
• 3 Months Recent Bank Statements
• Additional Information on request - i.e. proof of purpose, mortgage statement etc.
• If self-employed you will need to provide us with the most recent set of audited accounts and tax return.

What documents do I need to apply for a Cultivate Loan?

• Completed loan application form
• Completed Agri lending fact find
• Statement of direct payments
• Notice of assessment from revenue (acknowledgement of form 11 or Chapter 4 self- assessment statement)
• Bank statements for the last 3 months
• Evidence of non-farm income
• The Last milk statement for the previous year

All loans are subject to approval. Terms & Conditions apply.

Central Credit Register

The Central Credit Register (CCR) is a national credit reference agency. It contains details of the performance of the credit facilities availed of by an individual. Derg Credit Union consults this database as part of the loan application process. For further information on the Central Credit register click here.

Member Notice

• Loans above €1,500 will not be issued in cash. Cheque or bank transfer only
• Processing a loan application at the counter takes time. Please allow 15 minutes before closing to make a loan application.
• Car loans will be issued by cheque or bank transfer to the garage/ seller.