Magherafelt & District No 3 Credit Union Ltd - Loans

Magherafelt CU Home    > Loans Policy    > Other Services    > Membership    > Staff    > Find Us


Loans are available for all our members after 13 weeks of regular saving.  Loans are available up to a maximum level of £30,000.00 and are repayable over 1 - 5 years.

Interest is payable at the rate of 1% per month on a reducing balance.

All loans applications are determined by our Credit Committee who meet twice per month (on the first and third Wednesday).

Top-up loans are also available for existing borrowers.

If you wish to apply for a loan please speak to a member of our staff.