Loan applications are considered in accordance with the Loan Policy approved from time to time by the Board of Directors.

The Current Policy stipulates the following:

  • A first Loan is usually granted on the basis of up to four times your shares.
  • Second and subsequent loans can be up to five times your shares.
  • Loans for annual expenses such as holidays, car insurance, house insurance should be completed in one year.
  • Loan duration shall not exceed the term of Employment.


The duration of the loan is linked generally to the purpose of the loan. For example, holiday and car insurance loans are normally repaid over one year. Car loans are normally repaid over a three to five year term.

Members have the flexibility of repaying the loans more quickly than planned, without any penalty.

Lending Privacy Notice

Lending Privacy Notice ROI June 2019

Guarantor Privacy Notice

Guarantor Privacy Notice

Applying for a Loan

Applying for a loan is easy and quick decisions are made on loan applications.  You can telephone us at 01 4610682 or via our enquiry form. Or simply call in to one of our offices and complete an application form. Online loan applications are also available on our website in the Online Members section.

Irish Credit Bureau

With effect from the 1st of August 2013, in line with other Financial Institutions, Black Raven Credit Union Ltd., will begin to use the services of the Irish Credit Bureau.   By clicking on the links below, you can access further information to explain the process. If you require further explanation, please do not hesitate to contact us at 01 4610682 or alternatively via our enquiry form.