Student Loan
Our Educate 360 Loan is designed to suit the needs of students and parents.
This loan provides finance to all ages wishing to participate, train or return to education.
Our Educate 360 loan doesn't just cover tuition, it also covers:
- Tools and equipment you need for your courses
- Transportation costs (e.g. car expenses) to get you to class
- Further education courses to help you reach your career goals
No matter your age or stage in your education journey, the Educate 360 Loan is here to support you every step of the way!
We held our Free Practical Information Evening for students and their parents earlier this year in the Killeshin Hotel, Portlaoise. The event was aimed at providing valuable insights for those in 5th Year and 6th Year.
The evening was designed to equip students and parents with essential insights into financial planning, navigating SUSI funding, and making informed career choices, as they prepare for the transition to college life. With a lineup of esteemed speakers and engaging topics, the event proved to be both informative and inspiring.
There are plenty of benefits in taking out an Educate 360 loan with People First Credit Union:
- One of our lowest rates! 6.5% (6.7% Representative APR)
- Flexible payment schedules.
- Early repayment with no penalties.
- No transaction fees.
- Free loan protection insurance, subject to criteria.
- Quick turnaround times from friendly, experienced loan officers.
Representative Example: For an Educate 360 Loan of €10,000 over two years (105 weeks) at an interest rate of 6.5% (6.7% APR), repay €102 per week. Total amount repayable (including interest of €672) is €10,672.
Frequently Asked Questions
Apply now!
Once your loan is approved, you have three months to collect it and your repayment schedule does not begin until the funds are issued.
You can rest assured while waiting for your results that you will have the funds available for deposits etc. when you need.
We receive a large volume of applications in August, apply as soon as possible to guarantee you will have your loan before starting third-level.
Our Educate 360 Loan isn't just to cover tuition, it also covers:
- Tools and equipment you need for your courses
- Transportation costs (e.g. car expenses) to get you to class
- Further education courses to help you reach your career goals
The loan covers a wide range of educational needs, such as:
- Primary and secondary school
- Third Level
- Apprenticeships
- Green Cert
- Post Graduate
- Online
- Part-time
- PLC
- and more...
Drawing down is the term used to describe the process of collecting your loan.
You have three months to draw your loan down after approval.
The draw down stage consists of signing the final credit agreement, planning your repayments and issuing the funds, generally by bank transfer or cheque.
Your repayments begin only when you draw down your loan, you do not have to start repaying the loan after it's approved.
We understand every family’s situation is different. We assess loans based on a member’s credit history and ability to repay.
If your parent/guardian has an account, they can apply themselves and avail of the lower interest rate by providing proof of your third level course.
We can set up direct debits from your account if you want to make repayments off the loan, but the loan will be in your parent/guardian’s name.
If you are working with a stable income and have the ability to keep up with repayments of the loan, have a chat with our lenders and they will advise if you can apply in your own name.
- Proof of college course (can be provided on drawdown)
- 3 months bank statements
- 2 recent payslips
Proof of Address and Photo ID may also be required.
Open Banking allows the credit union to securely access your bank transactions for the purposes of assessing your loan application.
Alternatively, you can provide us with documents by uploading on our app or by providing hard copies.
If you are applying for the loan yourself, we may ask you to provide a guarantor.
A guarantor is a person who agrees to repay the loan if you are unable to meet the contracted repayments.
For a student loan, this is usually a parent or guardian.
Maximum Loan Term :
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.
What do I need to provide?
- 3 months bank statements (including Revolut if applicable)
- 2 recent payslips (or other proof of income)
- Valid Photo ID (Driving Licence or Passport)
- Valid Proof of Address (dated within the last six months - mobile phone bills not accepted)
- Proof of college course/apprenticeship
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.
Applications are now open for our Student Scholarship!
€1,000 will be awarded to one student from each of our 7 secondary schools in our common bond who are attending third-level for the first time. The award is not performance-based.
How do I apply?
Apply on the go
