Killarney Credit Union

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Loans

Great rates, flexible options and friendly local service.

 
Telephone

064 KillarneyCU6631344

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Email

info@KillarneyCUkillarneycu.ie

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Locations

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Telephone

064 KillarneyCU6631344

link

 
Email

info@KillarneyCUkillarneycu.ie

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

 
Locations

Click to view

link

Become a Member
Contact Us
This email address is being protected from spambots. You need JavaScript enabled to view it.
Killarney Credit Union

Loans

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Secured Loan

Make your savings work for you

A savings secured loan is a loan where members can borrow 90% of current savings as a loan. The more you have in savings, the more you can borrow against them.

 

Why a savings secured loan is better

  • Most people find it easier to repay a loan than replace savings. 
  • Fast approval for savings 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)

 

Further Information:

 Loan Calculator - How Much Will My Loan Cost?

Please Complete:

Calculated Loan Details:

* Calculator for estimation purpose only and does not constitute a contract. Please see individual loan pages for more details.

 Loan Repayment Table

Amount Term APR* Monthly Repayments Total Amount Repayable
€1,000 1 Year 5.6% €85.85 (12) €1030.12
€2,000 1 Year 5.6% €171.69 (12) €2060.24
€3,000 2 Years 5.6% €132.30 (24) €3175.10
€5,000 3 Years 5.6% €150.99 (36) €5935.59
€7,000 5 Years 5.6% €133.72 (60) €8022.94
€10,000 8 Years 5.6% €129.01 (96) €12383.83
€15,000 8 Years 5.6% €193.51 (96) €18,575.86
€20,000 8 Years 5.6% €258.01 (96) €24,767.89

 

Typical APR Variable Savings 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. Figures correct as at June 2019.

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

 Documentation Required

Completed application form

Simply call to any of our 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, completed Form 11.

Current Bank Statements

may be required (last 3 months)

Credit Card Statements

(last 3 months)

Other information deemed necessary by the credit union

 

 Savings Secured Loan Terms & Conditions

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

 

 Download a PDF Information Leaflet

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

Click to download an information leaflet

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Loans

Low cost loans

Competitive rates

Fast loan approval

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Join Killarney Credit Union

Have you been thinking about joining the credit union for a while? Well, now is the time to act! We are looking for new members to be part of our South Kerry credit union community. Young or old, we welcome all ages to join us.

Click to learn more…

 

Cultivate Loans from Killarney Credit Union

Loans to meet the needs of the farming community - Cultivate provides quick & easy access to short and medium term farm finance. Click to read more!

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Savings

Multiple options

Ease of access

Security & peace of mind

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Other Services

Foreign Exchange

Paypoint

Insurance Products

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