Personal loan


Whatever it is you dream about – taking that holiday, buying a new car, getting a new kitchen or something else entirely – you can make it happen with a Personal Loan from Member First Credit Union.

Interest Rate of


Borrow from

€500- €75k

Spread Payments over

1-5 yrs

Monthly repayments

on your MFCU Personal Loan

LOAN AMOUNT€5,000€35,000
APR 11.56%11.56%
MONTHLY REPAYMENTS (5 years)€108.69€760.81
TOTAL COST OF CREDIT€6,521.23€45,648.62

HOw to apply

Apply online

Apply Online

To apply online, you firstly need to login to your MFCU account on our website or mobile app.

It is important to note that your account must have fully up-to-date proof of address and ID before applying for an end-to-end loan.

Loan Documents

Loan Documents

As part of this process you will need to upload documentation to support your application, please ensure you have your proof of ID and some recent payslips ready before continuing.

You must decide your preferred terms of the loan such as payment frequency and loan period before uploading relevant documents.

Loan Decision

Loan Decision

An MFCU loans officer will contact you by phone in regards to the application. If approved, you will then have to sign your credit agreement on your online account. 

Funds Drawdown

Funds Drawdown

Once the credit agreement is signed, the loan funds will be transferred straight into your bank account.

How to qualify

for an MFCU Personal loan

You must be a registered MFCU member to apply for a loan with us. We welcome any new members that live, work or study within our common bond to join our North Dublin credit union today.

Loan Calculator

Is a Personal Loan with the credit union unsecured?

Yes, an MFCU Personal Loan is considerate unsecured borrowing. What does this mean? In short, we allow you to borrow at this rate without having to provide us with collateral or security in case you can’t pay back the loan.


What can I do with a MFCU Personal Loan? 

You can use a MFCU Personal Loan for almost anything you need to borrow for. Whether that be to pay for a holiday, to fund a wedding, or for something else entirely – you can make it happen with a Personal Loan from Member First Credit Union.

Can I only borrow a multiple of my savings?

At Member First Credit Union, loan approval is solely based on your ability to repay a loan. There is no limit to the amount you can borrow based on your savings. With each application, we take into consideration your income and outgoings, and base your ability to repay the loan on these figures. The maximum Personal Loan amount is €75,000.

How long do I have to be a member before I apply for a loan?

You can join Member First Credit Union and apply for a loan straight away. As your ability to repay is a deciding factor, establishing a savings pattern with Member First Credit Union is recommended. However we will also take into account proof of savings with other financial institutions. If you are unsure, it’s best to apply for a loan, and we can advise you as to your options. We also a great-value Welcome Loan rate for first-time borrowers with MFCU! Check it out at the link below:

Yes, if you have no savings or loan history with us, but you are saving regularly with any other financial institution this will be taken into consideration when assessing a loan application.

What is the difference between unsecured and secured loans?

A secured loan uses security or collateral to support the loan (like a mortgage), while unsecured loans do not attach collateral to the debt. For instance, with the MFCU Covered Loan, members can borrow at a signifcantly reduced interest rate as the loan is secured by their savings with us.

Benefits of
mfcu loans

Online loans

Apply for a loan from the comfort of your home.

Reduced interest

Pay less overtime as your balance decreases.

Online Top Up

Quick Loan top up with the MFCU mobile app or desktop.

Full support

We’re always here to help. Call us or use Live Chat.

Loan protection

Built in insurance in case on extreme circumstances.
T&C apply.

THE Loan Zone

in simpler terms

1. The interest rate:

The higher the interest rate, the more you’ll pay.

2. The loan amount:

The higher the amount, the bigger the cost overall.

3. The type of loan:

We offer a reduced interest rate on our Covered Loan, but also promotional rates on our Home Improvement, Education and Car Loans.

4. The lender you choose:

Interest rates vary across lending providers. With MFCU, we provide great-value loan rates with flexible repayment options to suit the needs of our members.

we’re here to help

Click here for Personal Loan Terms and Conditions.

Lending criteria, terms and conditions apply.
Member First Credit Union is regulated by the Central Bank of Ireland.

WARNING: 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.