How Do I Apply?

 

How do I apply for a loan?

Members can apply for a loan in a variety of different ways:

  • In person at our offices on Main Street or Ballydaheen.
  • By phone at  022 21121
  • You can register herefor online account access and apply for your loan online
  • Complete Loan Application Form and drop into our office together with all other requirements.

 

——————————————————————————————————————————

 

What do I need?

  • To assist us in making a speedy decision on your loan application the following documentation should be submitted.
  • Three most recent payslips for all parties whose income is used to support the loan application, in the case of the self- employed we will require the most recent audited accounts together with a letter from your accountant confirming that your tax affairs are up to date.
  • 6 months bank account statements for all parties whose income is used to support the loan
  • Most recent Credit Card statement for all parties whose income is used to support the loan.
  • Parties whose income is used to support a loan include the Guarantor where applicable.
  • Proof of address i.e. recent utility bill or official correspondence from either The Revenue or The Department of Social Welfare.
  • If you have a mortgage we are obliged to obtain confirmation that your mortgage is up to date and being paid in accordance with the original mortgage agreement.

 

In all cases the Credit Union reserves the right to request additional documentation.

 

Payment Methods

Convenient ways to operate your account.”

Counter Transactions

Front counter transactions can be processed during our office opening hours:

Debit Card

Front counter or by phone (if more convenient for you)

Direct Debit

Want a quick, convenient, flexible, hassle-free way to pay into the Credit Union? We have a direct debit facility available to our members. If you wish to have a set amount taken directly from your bank account on a weekly/fortnightly/4weekly/monthly basis then please complete a Direct Debit instruction. The Direct Debit Instruction is available from our office. This is a very efficient method of payment.

Payroll Deduction

At Mallow Credit Union Ltd. we operate payroll deduction schemes with employers in the area. Please check with your payroll department or our office if this facility is available to you.

This scheme allows employees to have a desired amount of their wages paid into their savings or loan account at the Credit Union. Having some of your wages deducted at source is a very convenient way of saving money or paying back a loan.

How to join our Payroll Deduction scheme

If you have a number of employees interested in having a credit union payroll deduction scheme, then please contact our office on 022 21121 for more details.