Member Notice – Lending Rate Changes
From 1 May 2025, you will see changes to our interest rates when making a loan application with Blanchardstown & District Credit Union.
These rate changes will apply to new loan applications, top-ups on existing loans, new mortgages and existing mortgages held with our Credit Union.
Existing member loans will remain unchanged.
Members who have a mortgage with us will see their interest rate decline, a positive change we’re delighted to bring to our long-term lending facility.
What the new bands mean for members
A new tiered interest rate system will be introduced for loan products.
Effective from 1st May 2025, the following interest rates will be applied to all new credit products:
| Loan Type | Maximum Term | Nominal Rate | APR rate | Gross loan Minimum | Gross loan Maximum |
| Standard (€0-9,999) | 10 years | 9.95% | 10.42% | €100 | €9,999 |
| Standard (€10,000 – €24,999) | 10 years | 8.95% | 9.33% | €10,000 | €24,999 |
| Standard (€25,000+) | 10 Years | 7.50% | 7.76% | €25,000 | €100,000 |
| Mortgage* | 35 years | 3.95% | 4.01% | €60,000 | €400,000 |
*Mortgage rate of 3.95% will be applied to all current and future mortgage lending from 1st May 2025.
The change ensures clearer borrowing options for our members, showcasing how loan amounts impact their interest rates.
The new structure helps balance risk and ensures long term sustainability of our Credit Union.
As always, we remain committed to providing fair and competitive loan options that support our community.