First Choice Credit Union
Flexible personal loans from €100 to €80,000, rates from 5.90% to 11.95% APR, fast approval, no early repayment fees and free loan protection insurance.
First Choice Credit Union offers a wide range of personal loans, with amounts from €100 all the way up to €80,000. The variable interest rates start at a highly competitive 5.90% (APR 6.06%) for larger amounts, up to 11.95% (APR 12.68%) for smaller loans. Terms are flexible, with repayment options up to 10 years on higher loan amounts, and up to 5 years for smaller loans. Eligibility is assessed based on your ability to repay and your credit record, but there is no requirement to have a set amount in savings for unsecured loans. Free loan protection insurance is also included, subject to eligibility.
How to Apply: Step by Step
- Decide the loan amount and term you require
- Complete the simple online application form or visit a local branch
- Submit supporting documents via Open Banking or upload online
- Digitally sign the loan agreement using the eSignature service
- Receive the funds directly into your chosen account, often within 24 hours
Pros: Fast & Flexible Borrowing
The application process is quick, typically with approval inside 24 hours. Flexibility in loan amounts and repayment terms lets you tailor borrowing to suit your needs. Another major plus is the absence of early repayment penalties, so you can pay off your loan faster without extra costs.
The inclusion of free loan protection insurance provides extra peace of mind, securing your loan in case of unforeseen events if you meet eligibility criteria.
Cons: Eligibility & Loan Use Restrictions
As with most lenders, approval is not guaranteed and depends on your credit record and ability to repay. The lowest interest rates are reserved for larger loans, so borrowing smaller amounts comes with a higher APR.
Furthermore, these personal loans cannot be used for property purchases, which may limit options for some borrowers seeking mortgage-style products.
Verdict: A Solid Credit Union Option
For those who qualify, First Choice Credit Union delivers a competitive, flexible and transparent personal loan range. The fast approval process, broad loan brackets, and customer-friendly features make it a strong choice for many borrowers.
It’s perfect for anyone in the market for a personal or household loan, who values a mix of speed, flexibility, and the confidence that comes with credit union service.
