Great value loans
Interest calculated on reducing loan balance
Over €46 million
Borrowed by members last year
Loan approval rate
Simple loan process
Quick turnaround on standard loans
Back to School Loans
If you think children drain your cash in the summer holidays, it’s nothing compared to the financial hit when they go back to school! Kitting your kids out for a new school year can be expensive, but we’ll ease the stress with our school loan. It’s a simple way to help manage back to school expenses and everything that comes with it.
Apply for a Back to School Loan today or work out an affordable repayment plan based on your budget, using our handy Loan Calculator.
Why choose CLCU for a back to school loan?
- No set-up fees or hidden charges
- Affordable loans tailored to your repayment ability
- Free Loan Protection Insurance (T&C apply)
- Interest calculated only on the outstanding balance of the loan
- Fair and transparent lending process
- Weekly Total Interest
- Fortnightly Total Interest
- Monthly Total Interest
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. If you are experiencing difficulty repaying your loan, or believe you may in the future, please click here.
Why choose a back to school loan?
Back-to-school costs can be expensive and they tend to come at the same time, and the reality is that they are unavoidable. In a recent Credit Union survey, over a third of parents said that they get into debt funding their kids going back to school. This is not surprising when parents are spending approximately €1,399 per child attending second-level education.
At primary school, parents are on average spending €949 per child. Thankfully, the Free Primary Schoolbooks Scheme in primary schools will remove the cost of funding schoolbooks for children and young people enrolled in recognised primary schools and special schools. However, this has not been extended to secondary schools yet.
On top of books, there are also uniforms, voluntary contributions, and the cost of consumables and stationery. It all adds up. At Croí Laighean Credit Union, we understand that this is a difficult time and that’s why we offer simple back-to-school loans to help spread the cost over the year. If you are looking to borrow up to €1,000, please consider our one 4 one loan which offers up to €1,000 for up to one year at a low rate of just 6.73% (6.95% APR)
Back to School Loan Repayment Example:
A school loan of €1,000 over a 12-month loan term at a rate of 9.99% (10.46% APR) equates to weekly repayments of €20 and a total loan cost of €1,052 (representative example as of 1 October 2020). Terms and conditions apply.
While every care has been made in the production of this web page, the Credit Union, or any of its staff, cannot be held responsible for any omissions, errors, or other mistakes on the site. This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing.
Loan amounts and 99% approval rate is based on figures from 2020. Rates are correct as of 1/02/2022 and are subject to change. Croí Laighean Credit Union is regulated by the Central Bank of Ireland.
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