Loans

Loan applications are considered in accordance with the Loan Policy which is reviewed and approved regularly by the Board of Directors.

How to apply for a loan

We have many ways for you to apply for a loan.

Loan applications can be made over the telephone at 01-4610682, by email at loans@blackravencu.ie and enquiries@blackravencu.ie or through the website in the Online Members section: log in here

Affordability

Loan applications are considered using a standard system where affordability is the first priority.

The members ability to repay and how affordable the repayments are will always be our first consideration.  We work with members to plan around their financial commitments.

Purpose

Whether you want to buy a new car or used car, decorate your home or carry out large renovations we have the loan for you.  Contact us to discuss your financial needs and we will do our best to come up with an affordable solution for you.

 

Duration

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. Large home renovation loans can be repaid over 10 years.

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

Switch and Save

If you want to switch to a Black Raven Credit Union loan and save interest on your credit card balances we will carry out a comparison on your current charges and how you could save by switching to a Black Raven Credit Union loan.  You will be surprised by the savings you could make and how quickly you can clear the balance.

Lending Privacy Notice

Lending Privacy Notice ROI June 2019

Guarantor Privacy Notice

Guarantor Privacy Notice

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.

www.icb.ie

Central Credit Register

Under the Credit Reporting Act 2013, credit unions and all other lenders must provide information to the Central Credit Register on all loan application and loan agreements of €500 and above. The information will be held on the Central Credit Register and may be used by other lenders when making decisions on any loan applications to them. The Central Credit Register is owned and operated by the Central Bank of Ireland. For more information see www.centralcreditregsiter.ie