Progressive Credit Union
Competitive rates as low as 6% APR (current account) or 6.5% APR. Borrow €10,000 to €100,000 and manage everything fully online.
The Progressive Credit Union Online Complete Loan stands out for its accessibility and competitive rates. Available to both current account holders and non-members, it offers interest rates from just 6% APR (6.17% APR for those with a PCU Current Account) or 6.5% (6.7% APR for others). Borrowers can access between €10,000 and €100,000, with maximum terms of up to 10 years (120 months). Applicants with a current account receive an even lower rate if their income has been mandated to Progressive CU for at least six months.
How to Apply: Step by Step
- Log in to your Progressive Credit Union online account.
- Navigate to the Online Banking tab.
- Select “Loan Application” and fill out the relevant details.
- If not registered online, sign up through the registration process.
- Non-members can join the credit union and apply via a simple online form.
Key Benefits
The loan process is fully digital, making it highly convenient. No need to visit branches, and loan drawdown can be completed from home, streamlining the experience.
There are no hidden fees or transaction charges, and the rates are transparent and capped by law, which is a significant advantage for budget-conscious borrowers.
Possible Downsides
A minimum loan amount of €10,000 makes this unsuitable for smaller, short-term borrowing needs. The interest rate is competitive but not the lowest for smaller loans.
Strict requirements apply for getting the best rates, including six months of mandated income to the PCU current account.
Our Verdict
The Progressive Credit Union Online Complete Loan is a strong choice for larger loan amounts with competitive rates and flexible online management. It is best suited for those seeking convenience and larger loans, especially current account holders. Carefully review terms and ensure you meet all criteria to maximise your benefit.