Progressive Credit Union
Competitive rates from 6%–6.7% APR | Borrow €10,000 to €100,000 | Quick and easy online application with no early repayment penalty and no hidden fees.
The Online Complete Loan from Progressive Credit Union offers a convenient solution for those seeking a flexible and straightforward borrowing option. With rates starting at 6% APR for members with a PCU current account and 6.7% APR for others, this product is competitive and transparent. You can borrow between €10,000 and €100,000 for up to 10 years, meeting the needs of many Irish borrowers. Notably, there are no hidden fees or early repayment penalties.
How to Apply: Step-by-Step Process
- Log in to your Progressive Credit Union online account or register for online access if you haven’t already.
- Navigate to the Online Banking tab and select Loan Application.
- Complete the application form, including loan purpose, amount, and repayment frequency.
- If you’re new, non-members need to join PCU and provide personal details.
- Submit your application and await approval. Drawdown can happen entirely online.
Highlights of Progressive Credit Union Loan
This loan stands out thanks to its affordable rates, particularly for existing current account holders. Applications and fund disbursements happen fully online, saving time.
Another noteworthy benefit is the absence of early repayment penalties. Flexible repayment options also help tailor the loan to your cash flow.
Things to Consider
Eligibility criteria require members to have a mandated salary paid into their PCU account for six months to get the best rate. Non-PCU account holders face a slightly higher APR.
Loans below €10,000 aren’t eligible, which may be a drawback for smaller borrowing needs.
Verdict: Who is This Loan For?
The Progressive Credit Union Online Complete Loan is a strong pick for those seeking large sums with a hassle-free, digital experience. Flexible terms and fair conditions enhance its appeal.
However, potential applicants should review their eligibility and compare the APR to other credit unions for smaller loans. Overall, it’s a recommended solution for many in Ireland.