Frequently Asked Questions

Can I pay off a lump sum or clear the celebration loan?

You can pay off a lump sum or clear your loan early—perhaps with wedding gifts. Since interest is charged only on your reducing loan balance, you’ll only pay interest on what you owe. Plus, there are no penalties for early repayment. We don’t charge extra for paying off your loan faster!

What is a Celebration Loan?

A Celebration Loan is a personal loan designed to help you fund life’s special events, like weddings, milestone birthdays, anniversaries, or any other important occasion.

Do I need to be a Credit Union member to apply?

Yes, you need to be a member to apply for a loan. However, you can join and apply at the same time—it’s a simple and straightforward process. You don’t need to be a member for a specific length of time or have savings with us to apply.

How much can I borrow with a Celebration Loan?

The amount you can borrow up to €50,000 and it depends on your individual circumstances, such as your ability to repay the loan. We’ll work with you to find a loan amount that suits your needs and budget.

Are there any hidden fees or early repayment charges?

No, there are no hidden fees, and we don’t charge penalties for early repayment. You only pay interest on the reducing balance of your loan, saving you money over time.

How do I apply for a Celebration Loan?

You can apply in person, over the phone, or online through our website. If you’re unsure about the process, our team is here to help every step of the way.

How is a Credit Union Celebration Loan different from other lenders?

At a Credit Union, we focus on your needs, not just profit. You’ll enjoy competitive rates, no hidden charges, and the personal touch of a community-focused lender.

Repayment Example:

A celebration loan of €10,000 paid over 5 years with 60 monthly installments will cost €212.43 per month at a variable rate of 9.99%(APR 10.46%).

The total amount you pay is €12,741.54. The cost of credit is €2,741.54. Variable rates may increase, which would cause the cost of credit to increase.

While every care has been taken in producing this web page, the Credit Union, or any of its staff, cannot be held responsible for any omissions, errors, or other mistakes on the site. This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing.

Rates are correct as of 1/02/2022 and are subject to change. Croí Laighean Credit Union is regulated by the Central Bank of Ireland.