University Fees (Undergraduate)
from €31.23 per week
MFCU
education loan
A loan to cover all your essential education expenses including your fees, laptop, books and more.
Whether you’re a student, a mature student or a parent of a student, talk to us today about our Education Loan.
Promotional Interest Rate of
7.99%
Borrow from
€500-€75k
Spread
Payments over
1-5 yrs
Monthly repayments
ON YOUR MFCU EDUCATION LOAN
| LOAN AMOUNT | €3,000 | €20,000 |
| APR | 8.3% | 8.3% |
| MONTHLY REPAYMENTS (5 years) | €60.81 | €405.43 |
| TOTAL COST OF CREDIT | €3,648.89 | €24,325.93 |
HOw to apply
Apply online
Apply Online
To apply online, you firstly need to login to your MFCU account on our website or mobile app.
It is important to note that your account must have fully up-to-date proof of address and ID before applying for an end-to-end loan.
Loan Documents
Loan Documents
As part of this process you will need to upload documentation to support your application, please ensure you have your proof of ID and some recent payslips ready before continuing.
You must decide your preferred terms of the loan such as payment frequency and loan period before uploading relevant documents.
Loan Decision
Loan Decision
An MFCU loans officer will contact you by phone in regards to the application. If approved, you will then have to sign your credit agreement on your online account.
Funds Drawdown
Funds Drawdown
Once the credit agreement is signed, the loan funds will be transferred straight into your bank account.
Loan Calculator
Please note: Loan calculator figures are for illustrative purpose only.
Repayment figures for your loan may differ for each individual application.
Benefits of an MFCU education loan
- Discounted interest rate
- No hidden fees or costs
- Early repayments with no penalties
- Flexible repayment options
- Loans up to €75,000
How to qualify
for an MFCU Education Loan
You must be a registered MFCU member to apply for a loan with us. We welcome any new members that live, work or study within our common bond to join our North Dublin credit union today. Whether you’re a student, a mature student or parent of a student, talk to us today about an Education Loan.
FAQ
Can I overpay my repayments on the loan?
Yes, of course! With MFCU, there is no penalty for early or lump sum repayments (excluding Mortgages).
What can I do with an Education loan?
An MFCU Education loan can be used to cover any education expenses including your fees, laptop, books and more. Whether you’re a student, mature student or parent of a student, talk to us and learn about all the ways it can make the financial challenges associated with education less challenging.
How much can I borrow as a student?
At Member First Credit Union, loan approval is solely based on your ability to repay a loan. With each application, we take into consideration your income and outgoings, and base your ability to repay the loan on these figures. The maximum amount for an MFCU Education Loan is €75,000.
scholarship scheme
Every year, MFCU offers support for our local students as a part of our Community Fund. We offer €10,000 in scholarships, shared among the winners. In order to participate, you must fill the application form and meet the criteria mentioned below.
Any questions, email info@mfcu.ie
Benefits of
mfcu loans
Online loans
Apply for a loan from the comfort of your home.
Reduced interest
Pay less overtime as your balance decreases.
Online Top Up
Quick Loan top up with the MFCU mobile app or desktop.
Full support
We’re always here to help. Call us or use Live Chat.
Loan protection
Built in insurance in case on extreme circumstances.
T&C apply.
THE Loan Zone
Back to School
from €16.08 per week
University Fees (Postgraduate)
from €37.35 per week
MacBook Air
from €21.44 per week
iMac
from €16.08 per week
Loan Calculator
Check your repayments using our loan calculator. If you’re happy with the repayments, submit your details and we’ll call you back within 24 hours to jump start your loan process.
we’re here to help
Ask us a question
Online tutorials
Give us a call
Click here for Education Loan Terms and Conditions.
Lending criteria, terms and conditions apply.
Member First Credit Union is regulated by the Central Bank of Ireland.
APR is the Annual Percentage Rate of Charge.
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.