Welcome Loan - Member First Credit Union


A welcome gift for our first-time borrowers.

Whether you’re an old or existing member, get a reduced interest rate for your first loan with MFCU.

Variable Interest Rate starting from 7.99%

Borrow starting from €10K-€75K

Spread Payments over 1-10 years

Why take a Welcome Loan with MFCU?

End to end online loan process

Take benefit of our new online loan process. Apply for a welcome loan within minutes from our website.

Reducing Balance Interest

The interest is calculated on a reducing balance. This means that your interest repayments will decrease as your loan amount decreases.

Flexible Repayment Schedule

Choose between weekly, fortnightly or monthly repayments.
No extra charges for early repayments.

Loan protection insurance at no extra cost * (T&C)

Get a built in insurance with member first credit union welcome loan. (Designed to protect your dependents in case of extreme circumstances).

Welcome Loan Special Interest Rate

The welcome loan with MFCU comes with no hidden costs or charges. You won't need to pay any deposits or lump sum payments.

Quick Loan Approval

We aim to come back to you with a decision within 24 hours of receiving your loan application and supporting paperwork. We approve 98% of all loan applications






 7.99% (8.30% APR)






*APR = Annual Percentage Rate. Normal lending criteria, terms and conditions apply.



Not a Member

❌ I'm not yet a member of MFCU 

Not a member yet?

You can join online now. Once you're a member, you can apply for a loan straightaway.
Become a Member

Member without online access

✅ I am a member
❌ I don't have online account access 

Get online access within seconds

Register for online banking to begin your loan application.
Register for online banking

Member with
online access

✅ I am a member
✅ I have online account access 

You're all set

Login on the MFCU website and start your online loan application today.

More from MFCU

Other Loan Products

Click here for Welcome Loan Terms and Conditions


Online Loans

Apply online, upload your documents and get funds sent directly to your bank account. It couldn’t be easier.

Register with MFCU

Register for Online Banking

As a member you can enjoy free Online Banking with MFCU.

Become a Member

You can join us online through our all new digital membership application. Verify your ID and upload your documents remotely.

Have you heard about our brand new MFCU Mobile App?

Enjoy all the benefits of Online Banking on your mobile device.

Register with MFCU


You can join us online through our all new digital membership application. Verify your ID and upload your documents remotely.

You can also drop into any local branch to join.

Register for
online banking

If you are already a member, and you want to register for online access, click the link below to get started.