A credit union loan has some very special features:

• Loans are insured at no direct cost to the eligible member.
• No hidden fees or transaction charges.
• Reasonable interest rates.
• Repayment terms to suit your particular circumstances.
• You can repay the loan earlier with no penalty.
• Additional lump sum repayments accepted with no penalty.
• Flexibility to make larger repayments than agreed with no penalty.

The standard interest rate for an any purpose, KRD Credit Union loan is 1% per month, on a reducing balance.  The loan is eligible for a Loan Interest Rebate at the year end.  We also have a range of reduced interest rate loans, with specific terms and conditions.  Our loan calculator can help you see how much a credit union loan will cost.

There are a range of methods available to apply for a loan at KRD. Loans can be applied for in the comfort of your own home via the KRD App or on the website. If you prefer a human touch, you can phone 028 29541007 or call into one of our offices where one of our expert staff members will be able to assist you.

Whenever you agree a loan with KRD Credit Union, you sign a legally binding agreement agreeing to repay the loan, with regular payments, over a specified period of time. KRD offer maximum flexibility with loan repayments. You choose how you would like to repay – by direct debit, standing order, electronics funds transfers or is exceptional circumstances, by cash. You chose how often you want to make payments – weekly, monthly, quarterly. If your circumstances change and you want to alter your repayment plan, you credit union is here to help you.

KRD is an understanding and responsible lender. We understand that ‘life happens’ and sometimes, this may impact your ability to repay your loan as agreed. If this happens, we urge you to contact us by phone (028 29541007), email (info@krdcreditunion.com) or by coming into one of our offices as soon as possible to discuss.