Switch & Save Loan
Take out a Switch & Save Loan
7.5% (7.78% APR)
Want to get rid of mounting credit card debts and small loans? With our Switch & Save Loan you can consolidate smaller debts into one loan to reduce the overall payments.
Loan Calculator
Maximum Loan Term :
7.78%
7.78%
7.78%
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.
| Representative Example - Switch & Save Loan A representative example is a term used in financial regulations. The example will help to show you the typical costs associated with a loan for a certain amount. | ||
Loan Amount€10,000 | Loan Term5 years | Rate of Interest - APR7.78% |
Monthly Repayment€200 | Total Interest€2,022 | Total Cost of Credit€12,022 |
Why choose Our Loan
When you borrow from the Credit Union, you will find many advantages in comparison to other financial institutions:
Competitive loan rates
24 hour turnaround*
High loan approval rate**
Free Loan Protection Insurance (T&C's apply)
No hidden fees or transaction charges
Flexible payment options, No penalties for early payment
*All correct documentation must be supplied on application in order to process in 24 hours.
**97% loan approval rate. Loans are subject to approval. Terms and conditions apply. RTÉ Credit Union is regulated by the Central Bank of Ireland.
Additional Info
RTÉ Credit Union will consider loan applications from members for many purposes. Each application is treated in the utmost confidence and will be considered on its own merits.
Should a member experience difficulties in meeting repayment commitments, they should contact the Credit Union Office immediately to discuss the matter.
As you know, member loan support is vital to Credit Unions. We are a not-for-profit, member-owned organisation, aiming to provide the widest range of services for our members. In order to comply with Central Bank expectations, we would require:
- The application form must be fully completed in all areas.
- Applications may require supporting documentation such as:
- 3 Payslips (most recent)*
- 3 Bank statements (last 3 months)*
- 3 Credit Card statements (last 3 months)*
* Not applicable to Loan Within Shares
Life Protection on loans - which is free to members - is run under the guidance of the ILCU.
The Central Credit Register is a secure database of personal and credit information for loans of €500 or more. It has been set up under the Credit Reporting Act 2013 and will be operated by the Central Bank of Ireland.
What is the Loan Approval in Principle
Our Loan Approval in Principle allows us to assess whether we could potentially lend you the amount you want to borrow.
When you are approved in principle, you must still submit all necessary documentation and have given full disclosure to receive a firm approval.
Click here to log in
How it Works
In order to use this facility, you need to do the following:
- You must first log in to your online account
- Select the Online Loan Application tab
It’s at that point when you’ll enter some information regarding your loan and then fill out your personal details. We will endeavour to be in touch with you as soon as possible regarding your application.
Not a Member?
Joining the Credit Union is the best decision you could take for your money. Membership of RTÉ Credit Union is open to all RTÉ staff employed on a permanent, continuous, or long-term contract basis. Family members of RTÉ staff can join and that's family living in the same household. Staff of CEL, DDTN, Raidio na Gaeltachta, TG4, RTÉ Sports & Social Club and RTÉ Benevolent Society are also eligible to apply for membership.
