Killarney Credit Union

This email address is being protected from spambots. You need JavaScript enabled to view it.

icon handshake

Loans

Great rates, flexible options and friendly local service.

 
Beech Road

064 KillarneyCU6631344

link

 
Park Road

064 KillarneyCU6631344

link

 
Kenmare

064 KillarneyCU6631344

link

Image not available
Become a Member
Contact Us
This email address is being protected from spambots. You need JavaScript enabled to view it.

Home Improvement Loans

banner image 1

Get the newsletter!

Sign up now.

Learn more...

 
Beech Road

Email us...

This email address is being protected from spambots. You need JavaScript enabled to view it.

 
Park Road

Email us...

This email address is being protected from spambots. You need JavaScript enabled to view it.

 
Kenmare

Email us...

This email address is being protected from spambots. You need JavaScript enabled to view it.

Image not available
Become a Member
Contact Us
This email address is being protected from spambots. You need JavaScript enabled to view it.
Killarney Credit Union

Loans

link loans

Secured Loan

Make your savings work for you

A share secured loan is when the amount of money borrowed is less than the amount of savings held. Killarney Credit Union members can borrow 90% of current savings with a share secured loan. The more you have in savings, the more you can borrow against them.

 

Why a share secured loan is better

  • We offer a very competitive loan rate of 5.5% (5.6% APR).
  • Most people find it easier to repay a loan than replace savings.
  • Fast approval for share secured loans.
  • Enjoy even lower rates than our product-specific loan offers.
  • Continue to earn any future dividends on your savings account.
  • Can be used for just about any purpose.
  • It guarantees you won't spend your savings, as you may not withdraw the pledged amount until your loan is repaid in full.
  • Convenient payment options on your loan.
  • The loan term can be up to 8 years.
  • Both Savings & Loans of eligible members are covered by Free Life Insurance. (terms and conditions apply)
  • You can protect your loan with repayment protection insurance

 

Loan Repayment Table

Amount Term APR* Monthly Repayments Total Cost of Credit
€1,000 1 Year 5.6% €85.84 €29.96
€2,000 1 Year 5.6% €171.67 €60.03
€3,000 2 Years 5.6% €132.29 €174.75
€5,000 3 Years 5.6% €150.98 €435.01
€7,000 5 Years 5.6% €133.71 €1021.94
€10,000 8 Years 5.6% €129.01 €2381.94
€15,000 8 Years 5.6% €193.52 €3573.07
€20,000 8 Years 5.6% €258.03 €4764.11

 

Typical APR Variable Share Secured Loan Rate of 5.5% (5.6% APR). Lending terms and conditions apply. Loans are subject to approval. Table for illustration purposes only and does not constitute a contract.


Warning: If you do not meet the repayments on your loan, your account will go
into arrears. This may aect your ability to access credit the future.

Documentation Requried

  • Completed application form - Simply call to any of our three branches and our staff will be happy to assist you.
  • Proof of Identity - e.g. passport, driver’s license
  • Proof of Current Address (last 3 months) - e.g bank statements, utility bill, social welfare letter, government document etc
  • Proof of Income - e.g 3 most recent pay slips or social welfare payment receipts
  • For Self Employed Members:
    • 2 most recent years Notice of Assessment and accounts.
    • Tax Clearance Certificate
  • Current Bank Statements - may be required (last 3 months)
  • Credit Card Statements - may be required (last 3 months)
  • Other information deemed necessary by the credit union

 

Share Secure Loan Terms & Conditions

  • Maximum term is 8 years.
  • You can borrow up to 90% of current share balance.
  • You cannot withdraw shares that are pledged against the loan.
  • We may seek your permission to undertake a credit bureau check with your loan application

 

Download the information leaflet as a PDF

icon files

 

bullet1 Apply Now! bullet1b

Click here to fill out our quick online enquiry and we'll be straight back to you...

link

OMI12186 Killarney DIY Twitter Cover

Loans

Low cost loans

Competitive rates

Fast loan approval

Read more...

Savings

Multiple options

Ease of access

Security & peace of mind

Read more...

Other Services

Foreign Exchange

Paypoint

Insurance Products

Read more...