Debt Consolidation Loan

One loan, one payment, multiple benefits.

Our Debt Consolidation Loan allows you to clear your debt quicker and easier with one manageable repayment.

Quick turnaround times, easy applications and a team of professional local staff to make the whole process as seamless as possible.

There are plenty of benefits in taking out a debt consolidation loan with People First Credit Union:

  • Competitive interest rate of 10% (10.47% APR).
  • Our friendly, experienced loan team are on hand.
  • You have one manageable repayment, which means less direct debits to pay.
  • You may be finished paying your debt earlier, and it may cost you less.
  • You can keep track and stay on top of your debt repayments.
  • No penalties for early repayments or transaction fees on our loans.
  • Free loan protection insurance on our loans, subject to criteria.

Representative Example: For a debt consolidation loan of €15,000 over 5 years (60 months) at an interest rate of 10%, repay €319 per month. Total amount repayable (including interest of €4,124) is €19,124. 10.47% APR.


A debt consolidation loan from People First Credit Union is used to pay off your existing debt with other financial institutions and combine your payments into one easily managed repayment with the credit union. Benefit from competitive interest rates and a tailored repayment plan that suits your budget and cash flow, helping you break free from the burden of high-interest debts and confusing payment schedules. Our goal is to support your journey towards financial freedom.
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This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. Whilst every care has been made in the production of information, People First Credit Union, or any of its staff, cannot be held responsible for any errors. This calculator only provides an indicative quote and actual repayments may vary. Loans are subject to approval, terms and conditions apply. If you do not meet the repayments on your loan, your account will go into arrears and this may affect your credit rating which may limit your ability to access credit in the future.

Loans are subject to approval. Lending criteria, terms & conditions apply.

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.

Warning: For variable rate loans, the cost of your monthly repayments may increase.

Whilst every care has been made in the production of this information, it is for illustrative purposes only and to give you an overview of the potential cost of borrowing at People First Credit Union. It does not constitute a loan offer. People First Credit Union or its staff cannot be held responsible for any errors or omissions.

What do I need to provide?

Required Documents
  • 3 months bank statements (including Revolut if applicable)
  • 2 recent payslips (or other proof of income)
  • Statement showing current balances of your debts (e.g. credit card statements, car purchase statements etc.)
  • Valid Photo ID (Driving License or Passport)
  • Valid Proof of Address dated within the last six months (mobile phone bills not accepted)

Our lenders may request additional documentation in order to completely assess your application.

Open Banking allows for a faster approval and provides a more secure method of sharing your financial information.

This is an optional service. You will be provided with details of this on receipt of your application.

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