Current Account Loan – Simple, Smart Borrowing at Just 6.99% (7.2% APR)

Looking for a loan that rewards your everyday banking? Our Current Account Loan is designed exclusively for active Inspire Credit Union members who are using their current account regularly. With a low interest rate of 6.99% (7.2% APR), you can borrow up to €75,000 for the things that matter most – whether that is a new car, home improvements, education, or something personal.

Why Choose a Current Account Loan from Inspire Credit Union?

✅ Competitive interest rate – only 6.99% (7.2% APR)

✅ Borrow up to €75,000

✅ Quick and easy application process

✅ Tailored for members who are actively engaged with their Inspire Credit Union current account

✅ Flexible repayment terms to suit your circumstances

✅ No hidden fees or early repayment penalties

✅ Loan Protection Insurance

✅ Peace of mind from borrowing with your trusted, local credit union

 

Am I Eligible?

To avail of an Inspire Credit Union Current Account Loan, you must:

-Have an active Inspire Credit Union current account.

-Have your salary mandated into your Inspire Credit Union current account for three months before you can qualify for a current account loan

-Be actively using your Mastercard® debit card for everyday purchases and transactions.

 

If this sounds like you – you are already on the right track! This loan is designed to reward members who use their Inspire Credit Union current account as their main day-to-day banking solution.

You can apply for your Current Account Loan from Inspire Credit Union online, in-person or over the phone. Speak with one of our loan officers today to find a repayment plan that fits your needs!

Estimate your loan repayments

Loan Calculator

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APR 11.00%

APR 11.00%

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Loan Enquiry

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What We Require From You
1

Outgoings

  • 3 Months Bank Statements (most recent)
  • Credit Card Statement (if applicable)
  • Mortgage Statement (if applicable)
2

Proof of Income

  • PAYE Employee - 3 recent pay slips
  • Self-employed - Notice of self-assessment (Form 11)
  • Social Welfare - 2 recent payment receipts
  • Retired - proof of pensions
3

Proof of ID

  • Photo ID - Passport/Driving License
  • Proof of Address - Utility Bill, Bank Statement (dated within last 6 months)
  • Proof of PPSN - Payslip, Medical Card, Revenue Document.
Lending criteria

Inspire CU Current Account

  • Your salary must be paid into this account. Member must have an active current account with debit card transactions in preceding 3 months.

Proven Ability to Repay

  • It is our responsibility to all members to ensure that we only lend members’ money to other members when it has been established that there is an ability to repay the loan. A borrower must be able to afford the loan repayments, including interest, over the full duration of a loan.

Maximum Term

  • The maximum term available is 10 years.
How to apply

How To Apply


If you are an existing registered member with an active Inspire Current Account, you can make a full application online. Alternatively, you can call us on 021 4800010 or visit our office to discuss your needs and proceed with your loan application.

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Please note: if you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

If you would like more information please contact us today.

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