At St. Canice’s Credit Union, we understand that college should be a time of learning, personal growth, and pursuing your dream career, not worrying about the financial burden of education. That’s why we offer student loans at some of the lowest rates in the country. Additionally, we provide annual scholarships to our members as a form of support. If you’re considering a student loan but are uncertain of where to begin, our frequently asked student loan questions cover everything you need to know. Please don’t hesitate to reach out to us for assistance – we’re always happy to help.
1. How do student loans work?
We offer student loans for a variety of different reasons: as a bridge before students receive grants, for college equipment, for college fees and rent. The great thing about our student loans is that they are low cost, have no hidden fees or charges and you can pay back the loan in a way that suits you.
Students can apply once they are 18 and sometimes may need a parent or guardian to open a joint account for their loan.
2. How do I get a student loan in Ireland?
Getting a student loan in Ireland should be straightforward, low-cost, and flexible. To get a St. Canice’s credit union student loan, you will first need to be a member, be 18 years old, provide proof of your course and sometimes you may need a parent or guardian to open a joint account for your loan.
3. Can you get a student loan without a job?
For any loan, the ability to repay is the key consideration in deciding whether or not a loan is approved. As an undergraduate student, we understand that you might not have a regular income, so we might require you to open a joint account for a student loan.
4. How much can I get for a student loan?
You can borrow as little as €500 up to €30,000 or €75,000 and everywhere in between. If you have a certain amount in mind, why not submit a loan enquiry.
5. How long does it take to get a student loan?
You can apply for a loan online or over the phone, and most loans are approved within 24-48 hours.
6. How much is a student loan?
Our variable rate is highly competitive at 6.4%, with an APR of 6.6%.
7. How many years do you have to pay off a student loan?
You have up to 5 years to pay off your student loan with us
8. Do credit unions offer student loans for masters, further education or postgrad courses?
We offer offer loans to cover many different aspects of college so get in touch here
9. What is a credit union student bursary or scholarship?
Students who avail of a Student Loan should also enter our annual Scholarship Draw to be in with a chance to win one of 16 prizes of €1000. Find out more here
10. What age do you have to be to get student loan?
You must be 18 years of age to get a St. Canice’s credit union student loan.