Discounted rate for first-time borrowers

Our Welcome Loan is for new and existing members who have never borrowed from us. It has great benefits including …


  • 24 hour loan approval
  • Promotional interest rate – 7.99% (8.29% APR)
  • No penalties for early repayment
  • The more you pay the less you pay – interest is calculated on the reducing balance
  • Loans from €10,000


APR = Annual Percentage Rate of Charge. Lending criteria, terms and conditions apply.

Applying for a loan. We’ve made it quicker and easier than ever.

Quick Apply Online

From your PC, tablet or smartphone, you can apply for a loan online in a matter of minutes. Just tell us how much you’d like to borrow, punch a few numbers into the loan calculator, then sit back and relax. We’ll take it from there.

24 Hour Call Back

We’ll then be in touch with you to find out more about you and your finances. For instance, to make sure we have your details up to date, and to get information about your household’s income and outgoings.


Once your documents are approved, your loan will be finalised and the funds could be in your bank account within as little as one business day.

Available to new and existing members

To be eligible for a Welcome Loan, you'll need to join MFCU.

Join Now

The more you pay the less you pay

The loan interest is calculated on your reducing loan balance – so your interest gets lower with each payment.

Apply Now

Promotional Rate

Welcome Loan available for loans from €10,000 - €75,000.

View all T&C's