Terms & Conditions

Our Education Loan is designed primarily for members who have a child going to 3rd level (can also be used for primary and post-primary education costs) – members themselves can also avail of this special rate.

• Subject to underwriting criteria, terms and conditions
• Minimum Loan Amount €500
• Maximum Loan Amount €100,000
• 1 Month Minimum Term
• Maximum Term of loan 10 years, however term of loan to match purpose
• Repayment Frequency – Weekly, Fortnightly, Monthly
• Loans are insured up to €75,000 at no direct cost to all eligible members
• Loans in excess of €75,000 may require (at the discretion of Dubco) appropriate loan protection or life assurance for the duration of the loan. Any such policy would have to be assigned to Dubco.
• Proof of education may be required
• Loan can be topped up, ideally repayments must be maintained at or above existing repayment
• If a loan application is such that it may not be approved by Dubco Ireland due to the personal circumstances of the member, additional security may be required in the form of a minimum level of pledged shares, and/or a person that guarantees the loan (Guarantor). This Guarantor would ideally be a member.

*The Annual Percentage Rate (APR) included is an example only. A €5,000 loan over 1 year at a variable interest rate of 5.57% (5.71% APR) has a monthly repayment of approximately €429, total interest of approximately €152 and a total cost of credit of approximately €5,152.

WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit report, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL-agreement in the future.