Loans

Green Loan

• From 4.9% APR*
• Homes and vehicles
• Quick decision

Sustainable living made easy with a Green Loan

In order to support the green economy and encourage everyone to strive for more energy efficient enhancements, we are offering low interest rates on home renovations, retrofitting and transport initiatives.

• From 4.9% APR*
• Borrow up to €80,000 for home initiatives
• Borrow up to €60,000 for vehicles
• Quick decision

Why get a Green Loan with Killarney Credit Union?

Our green loan makes becoming more environmentally aware easier. A Green Loan with Killarney Credit Union offers you competitive interest rates and more benefits so that you can make affordable greener choices for your home and your transport.

• QUICK DECISION ON LOAN APPLICATIONS.
• Repayment terms tailored to meet your needs.
• Friendly Local Service.
• No penalties for repaying your loan early.
• No hidden fees, transaction charges, or set up fees.
• As your loan decreases so does your interest repayments.
• Benefit from Free Loan Protection Insurance. (T’s & C’s apply.)
• You can apply for and draw down your loan online and in branch.
• No documentation or arrangement fees.
• You can top up your loan if you need more funds (subject to approval).
• Borrow up to €80,000 over a maximum term of 10 years for home initiatives.
• Borrow up to €60,000 over a max term of 8 years for transport initiatives.
• Support your credit union by borrowing locally.

Further information:

Click any of the sections below to learn more about the great value Green Loan from Killarney Credit Union.

 

Loan Repayment Table

Green Loan	Amount	APR*	Term	Number of Repayments	Weekly Repayments	Cost of Loan	Total Loan Repayable
Green Loan 6.5%
Green Loan 6.5%	€10,000	6.7%	5 Years	260	€45.06	€1,712.37	€11,712.37
Green Loan 6.5%	€20,000	6.7%	5 Years	260	€90.11	€3,425.21	€23,425.21
Green Loan 6.5%	€45,000	6.7%	7 Years	364	€153.85	€10,997.33	€55,997.33
Green Loan 6.5%	€70,000	6.7%	10 Years	520	€182.98	€25,142.97	€95,142.97
B2 Rating 5.8%
B2 Rating 5.8%	€25,000	5.96%	5 Years	260	€110.78	€3,799.70	€28,799.70
B2 Rating 5.8%	€50,000	5.96%	8 Years	416	€150.19	€12,473.93	€62,473.93
A Rating 4.79%
A Rating 4.79%	€30,000	4.9%	5 Years	260	€129.76	€3,735.97	€33,735.97
A Rating 4.79%	€50,000	4.9%	10 Years	520	€120.97	€12,901.77	€62,901.77

 

Typical APR Variable Green Loan Rate (4.9% APR / 5.96% APR / 6.7% APR). Lending terms and conditions apply. Loans are subject to approval. Table is for illustration 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 effect your credit rating which may limit your ability to access credit in the future.

Documentation Required

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 (issued within the last 6 months)

e.g bank statements, utility bill, social welfare letter, government documents etc

Proof of Income

e.g 3 most recent pay slips or social welfare payment receipts

Proof of PPS Number

Correspondance from Revenue / Department of Social Protection, Social welfare receipts

For Self Employed Members:

Set of accounts (2 recent years), Form 11,Tax Clearance Certificate

Current Bank Statements

may be required (last 3 months)

Credit Card Statements

(last 3 months)

Member may be asked to provide proof of greenhouse emission reduction or improvement in BER rating, proof of works or proof of transport purchase.

Green Loan Terms & Conditions

• The Interest Rates are 4.79% (4.9% APR) for an A Energy rating, 5.8% (5.96% APR) for a B1 or B2 rating.  Projects achieving a rating B3 or below, and all Green Transport Initiatives 6.5% (6.7% APR).

• Minimum loan €5,000: Max Loan €80,000 (€60,000 for vehicles)

• Cannot be topped up on an existing loan balance

• Maximum Term is 10 years

• Maximum Term for a Car is 8 years

• Member may be asked to provide proof of greenhouse emission reduction or improvement in BER rating, proof of works or proof of transport purchase

• Standard Loan Terms and Conditions of Killarney Credit Union apply

• The Board of Directors reserve the right to terminate this loan product at any time

• A €30,000 home improvement loan over 10 years at a 4.79% variable interest rate (4.9% APR) has 120 monthly repayments of €315.13 The total amount repayable is €37,815.

 

Download the Green Loan PDF Information Leaflet

Click the icon below to download a PDF information leaflet with further information.

Download a PDF Information Leaflet

Click the icon below to download a PDF with further information.