- Loan Amount € 20000
- Repayment €---
- Loan Term 1 Years
- Total Repayments €---
- Total Cost of Credit 1 Years
*APR = Annual Percentage Rate
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Consolidating loans means reducing all your loans, like credit card debt, overdraft debt and personal loans into one smarter, single payment.
This makes it easier for you to manage your money and will save you money each month with one rate instead of several, at a much lower rate than a standard credit card, which can be up to 20%.
car
standard
home
large
debt
student
young
mortgage
schoolWithout a doubt one of the biggest benefits of consolidating your debt is the relief it can bring. Combining several payments into one more managable payment gives you back control, and can often lower the cost of your monthly outgoings. There are lots of different debts that you can combine with us to make life easier.
CAR LOAN + BANK LOAN + CREDIT CARD
5k outstanding 15k outstanding 2.5k outstanding
€205/mth €299/mth €63/mth
Monthly Payment €567*
Loan Cleared by 2038
CU LOAN
Monthly Payment €462*
Loan Cleared by 2026
We understand how busy life can be, so we try and make it as easy as possible to apply with us. You can apply online even if you are not already a member, and get the funds to your account without having to visit a branch!
To complete your application, we’ll need some documentation. And remember,
if it’s a joint application we will need paperwork for both parties.
An in date driver's licence or passport
We can accept any official document (this includes your payslip) with the exception of the Public Services Card.
A utility bill or bank statement dated within the last 6 months
Usually a recent payslip or social welfare slip. If you are self-employed you will need to provide your most recent F11, 2 years set of accounts and 6 months business bank statements
You can upload a PDF of your statements which include your name and IBAN
Example based on individual with a car loan outstanding of €5k (€205/mth), bank loan outstanding €15k (€299/mth) and credit card €2.5k outstanding (€63/mth). Total outstanding debt of €22,500 and monthly payments of €567 vs €22,500 Easy Life Loan over 5 years, 60 monthly payments of €462, Representative APR 8.57%, Total Amount Payable €27,742 Loan example for illustrative purposes only. Based on average local coffee costing €3.50. Information correct as at 31/03/2020.
APR stands for Annual Percentage Rate. Lending criteria, terms and conditions apply. Over 18s only. Loans are subject to repayment capacity & financial status.
WARNING: If you do not meet the repayments on your credit agreement, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future. Changing your loans may result in you paying over a longer term and/or paying more interest over the life of your loan.
WARNING: The cost of your monthly repayments may increase.
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Life Credit Union is regulated by the Central Bank of Ireland
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