Terms & Conditions
Our Variable Home Loan Secured Lending rate of 3.60% pa is designed primarily for members who may wish to consider switching their remaining mortgage to Dubco – it may also suit members who may be considering trading up their home or doing home renovations and have sufficient equity in their property or for members who wish to purchase a property and have at least 20% of the property value in savings.
- Subject to underwriting criteria, terms and conditions
- Minimum loan amount €50,000
- Maximum loan amount €350,000 (net of shares)
- Loan size is restricted to a maximum 3.5 times combined gross income for non first-time buyers & 4 times combined gross income for first-time buyers in line with Central Bank regulations
- Maximum Loan to Value ratio – 80%
- Minimum term of loan 10 years
- Maximum term of loan 35 years
- Loan can be cleared early, no penalty fee will apply
- Repayment Frequency – Weekly, Fortnightly, Monthly
- Property must be principal private residence
- Property must be located in ROI
- Current Independent valuation, dated within 4 months of property required (1st fee paid by Dubco)
- Joint account may need to be opened (where property is in joint names)
- 1st legal charge on the property will be required as security – (Legal costs paid by member)
- Loan Protection insurance to be assigned to Dubco (member pays premium for the term of the loan)
- Dubco’s interest to be noted on the building’s insurance policy (member pays premium for the term of the loan)
- Loan may be topped up, but further legal fees may apply, repayments must be maintained at or above existing repayment
- Not eligible for any Interest Rebates declared
*The Annual Percentage Rate of Charge (APRC) included is an example only; this APRC example is based on a €200,000 loan over a period of 300 monthly repayments.
Warning: Your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
On the Move?
Manage your money anywhere, anytime
If you’re already registered for Dubco Ireland online access, all you have to do is download the Dubco Ireland Mobile App and you’re ready to go!
