College Student Loans
College Student Loans
To Get You Started!
A Loan that suits your from the Credit Union you trust.
Gurranabraher Credit Union understand that our members need different things at different stages in their education journey. This is why we have introduced our College Student Loan to help students to take the pressure off
Who can apply for a College Student Loan?
The College Student Loan is available to any Gurranabraher Credit Union member enrolling or currently enrolled in any full time third level education course. Courses must have a minimum duration of at least one academic year.
Freedom Student Loan Benefits
When you receive a loan from us you will find many advantages in comparison to other institutions:
- The interest rate you pay will be reasonable (Currently 7.5% A.P.R.) and interest will be payable on the reducing balance of the loan
- Easy application process and a quick decision
- No Hidden fees
- No Early Redemption Penalties
- Potential to receive a rebate of Interest paid (Subject to AGM motion)
- Your repayments will be tailored to meet your own personal circumstances
- Your loan will be insured at no direct cost to yourself (Terms and conditions apply)
Gurranabraher Credit Union
The Key Details
| MASTERS LOAN | 3rd LEVEL LOAN | BACK TO SCHOOL LOAN | |
| What? | Student loans for postgraduate Masters degrees in all subjects, including taught and research programmes. Available for full-time,part-time and distance learning courses. | Student loans for all CAO recognised courses in all subjects. Available for full-time, part-time and distance learning courses. | Student loans for primary and secondary school costs |
| How much? | Up to €20,000, payable in installments over the term of the course. Part-time loans capped at €5,000 per year. | Up to €20,000, payable in installments over the term of the course. Part-time loans capped at €5,000 per year. | Up to €1,000 per annum |
| Who? | Gurranabraher Credit Union Members | Gurranabraher Credit Union Members | Gurranabraher Credit Union Members |
| Where? | Any Irish university | Any CAO recognised course | Any CAO recognised course |
| When? | For courses beginning on or after 1st August 2016 | For courses beginning on or after 1st August 2016 | For courses beginning on or after 1st August 2016 |
| Restrictions? | Max loan term of 5 years. | Max loan term of 5 years. | Max loan term of 12 Months. Loan must be separate from any other loans with the Credit Union. |
| Guarantor maybe required. | Guarantor maybe required. | ||
| Any course fees must be made | Any course fees must be made | ||
| payable directly to the relevant | payable directly to the relevant Educational Institution. | ||
| Educational Institution. | Loan must be separate from | ||
| Loan must be separate from | any other loans with the Credit Union. | ||
| any other loans with the Credit Union. | Subsequent draw downs subject to | ||
| Subsequent draw downs subject to | loan repayments being up to date. | ||
| loan repayments being up to date. | |||
| Applications? | Apply here or drop in | Apply here or drop in | Apply here or drop in |
| Interest Rate? | Special loan rate applies | Special loan rate applies | Special loan rate applies |
Latest News
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Job Opportunity – Member Service Officer Summer 2023
Gurranabraher Credit Union is a large progressive Credit Union, with €100 m in assets and 16,000 members, located within 3 Kilometres of Cork City Centre.
Savings Limits at Gurranabraher Credit Union
Savings Limits at Gurranabraher Credit Union We wish to notify our members of a change in the savings limits at Gurranabraher Credit Union effective from