Terms & Conditions

• Subject to underwriting criteria, terms and conditions
• Minimum loan amount €15,000
• Maximum loan amount €100,000
• Minimum Term of loan 5 years
• Maximum Term of loan 10 years
• 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.
• Quote for work will be required
• Members can also avail of this rate for the purchase of mobile homes and gifts to children where house related. Supporting documentation will be required
• Loan can be topped up, balance must be brought back up to minimum loan amount of €15,000 over 5 years
• If a loan application is such that it may not be approved by Dubco 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 €25,000 loan over 5 years at a variable interest rate of 7.57% (7.84% APR) has a monthly repayment of €492, total interest of €4,487 and a total cost of credit of €29,487.

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.