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)
• 1^st 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 home loan over 25 years (300 monthly repayments) at a variable interest rate of 3.60% (3.66% APRC).