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

It Makes Sense Loan

There are times in life when you need to borrow. When life throws you a curve ball and you need a loan in a hurry.

There are times in life when you need to borrow. When life throws you a curve ball and you need a loan in a hurry. Now, there is a real choice. An option that puts you back in control. Your local credit union. Over 30 credit unions across the country are introducing a new microcredit loan scheme - the IT MAKES SENSE loan aimed at people in receipt of social welfare. Say goodbye to expensive loans which can cost up to 188% APR and say hello to a lower cost loan at a maximum of 12% (12.68% APR).

 

WHO CAN APPLY FOR AN IT MAKES SENSE LOAN?

The scheme is open to anyone to apply who is over 18 years of age, who is in receipt of social welfare and who qualifies for deductions to be made through the Household Budget Scheme. The Household Budget Scheme is run via An Post. A borrower must be willing to sign up to and use the Household Budget Scheme to enable loan repayments to be made.

 

WHICH CREDIT UNIONS ARE TAKING PART IN THIS SCHEME?

For a list of participating credit unions, please go to www.facebook.com/itmakessenseloan

 

DO YOU NEED TO BE A MEMBER OF A PARTICIPATING CREDIT UNION TO APPLY?

Participating credit unions can sign you up as a member on the spot (provided that you live or work in their local area), and immediately consider your application for an IT MAKES SENSE loan.

 

HOW QUICKLY CAN YOU GET A LOAN?

Loans can be granted quickly, typically within the same visit, but within a maximum of 24 working hours of making the loan application.

 

WHAT CAN THE LOAN BE USED FOR?

The loan can be for any purpose including to repay an outstanding debt.

 

HOW MUCH CAN YOU BORROW?

The minimum loan amount is €100 and the maximum amount which can be borrowed is €2,000. Loan repayments for the IT MAKES SENSE loan are paid via deductions from the borrower’s social welfare via the Household Budget Scheme. The maximum deduction allowed under the Household Budget Scheme is 25% of total applicable social welfare payments.

 

HOW LONG CAN YOU BORROW FOR?

The minimum loan period is one month and the maximum period is 2 years.

 

WHAT INTEREST RATE WILL BE CHARGED?

The maximum rate which credit unions will charge under this scheme is 12% (12.68% APR).

 

 

HOW EASY IS IT TO JOIN THE CREDIT UNION?

To join a participating credit union (if you are not already a member), your credit union will ask you to verify your name, address and PPS number. You will need to bring: 1 - Proof of identity - For example a current passport, driving licence or Public Services card. 2 - Proof of address - For example, recent Government issued documentation or a recent household bill.

 

 

HOW DO YOU APPLY FOR A LOAN?

Simply bring two recent social welfare slips (within the previous four weeks) to your local participating credit union and you can apply on the spot.

 

 

Summary:

TO BE ELIGIBLE TO APPLY FOR AN IT MAKES SENSE LOAN YOU NEED:

To be in receipt of social welfare and signed up / or willing to sign up to the Household Budget Scheme

 

TO JOIN THE CREDIT UNION, YOU NEED:

  • A Passport, Driving Licence or Public Services Card
  • A copy of a recent household bill or letter from a Government Body.
  • PPS number

 

TO APPLY FOR AN IT MAKES SENSE LOAN YOU WILL NEED TO PROVIDE:

Two social welfare slips from the previous 4 weeks

 

KEY BENEFITS

  • More money in your pocket (much cheaper than borrowing from a moneylender)
  • Straight forward process
  • Plan your financial future as a credit union member.

 

 

Download the information leaflet as a PDF:

Download the PDF

 

bullet1 Apply Now! bullet1b

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

link

Credit ReUnion CHRISTMAS 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...