Ready to apply?
What You Need to Apply!
Become a Member
Once you are living, working or studying within our common bond you are eligible to join us today and start borrowing.
Calculate your Loan
Estimate how much you could borrow and calculate your repayments: weekly, fortnightly or monthly using our calculator.
Apply for it!
Apply for your loan from the comfort of your home. The Application process is easy and quick.
Cookstown Credit Union will consider loan applications from members for a wide range of purposes. Each application is treated in the utmost confidence and will be considered on its own merits. Our staff are here to help members in making the application.
Loans can be applied for Online. Click here to apply.
Typical supporting documents include, but are not limited to, recent payslips / proof of income, bank statement for the last 3 months and Tax Calculation.
Each application is assessed on an individual basis & you must be a member. Member’s record of savings, loan repayments & ability to repay are taken into account.
If you are topping up your loan with Cookstown Credit Union, the criteria applies to your overall loan balance.
NOTE: Additional info may also be required by lenders before loan can be considered
Loan Protection Insurance is the insurance cover the Credit Union provides on the lives of its borrowing members.
Should an insured borrower die, or (under most contracts) become totally and permanently disabled for any occupation, the insurance cover provides that the loan is repaid in full. If a member who is eligible for insurance cover and has signed the promissory note dies with a loan outstanding, the loan balance is paid in full by the insurer.
You will be informed at the time of the loan application if your loan exceeds the amount covered by the credit unions policy. Under the basic policy death cover ceases on the members 70th birthday. The credit union has the option of extending this age limit to the members 80th birthday by affecting cover under the Over 70 Rider. Disability cover however ceases on the eligible members 60th birthday.
Give yourself peace of mind
In addition to Loan Protection/Life Savings Insurance, Cookstown Credit Union also offers the member special Death Benefit Insurance (DBI) cover Free of Charge.
Death Benefit Insurance gives members and their families added security and relief from financial worry especially at the time of bereavement. An insurance payment of £1,000 is paid out towards funeral expenses.
Cookstown Credit Union only pay Death Benefit Insurance on receipt of (a) The members Death Certificate and (b) Original Funeral Invoice.
Eligibility:
- Member joined the credit union before age 70 in good health or while actively and regularly carrying out their normal occupation or duties and,
- Has continued to be a member of the credit union and maintain the minimum amount of savings in their account as required by the credit union for inclusion in DBI, i.e. at no time has their account balance been below £100.00
Terms and conditions of your loan will be as per the credit agreement supplied to you on acceptance of your loan application.
Borrow from Us
We offer loans at competitive interest rates with no hidden fees or charges and no penalty fees for paying back early.
Personal Loan
No sneaky terms and conditions, the rate advertised is the rate you get and our quick turnaround times haven’t changed!
Secured Loan
Loan within your shares (savings) – borrow up to the amount of your savings with instant approval.
Need a Loan?
Apply for a loan today with interest rates that suit you!
Maximum Loan Term :
4.07%
4.07%
4.07%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
