Loans

  • Fast approval
  • Local service
  • Great rates

 

It Makes Sense Loan

  • A real choice
  • Puts you in control
  • Your local credit union

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.  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 rate of 10.5% APR.

  • A real choice
  • Puts you in control
  • Your local credit union
  • Straight forward process
  • More money in your pocket

What is the '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.

Loans can be granted quickly, typically within the same visit, but within a maximum of 24 working hours of making the loan application. The loan can be for any purpose including to repay an outstanding debt. 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.The minimum loan period is one month and the maximum period is 2 years.

To apply, 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.

 

 

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.

More information

How easy is it to join the credit union?

To join the credit union here 

 

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 apply for an IT MAKES SENSE Loan you will need to provide:

Two social welfare slips from the previous 4 weeks

 

 

Download It Makes Sense Loan PDF Information Leaflets

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

Click to download an information leaflet

 

Download a PDF Information Leaflet

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

Click to download an information leaflet

How much will your loan cost?

At Killarney Credit Union we are proud to offer some of the best rates available for a wide range of loans. Here you can use the handy loan calculator to quickly get an idea of the cost of a loan.

Simply enter the amount you wish to borrow (for example '€5,000') then choose the type of loan you want and select how long you wish to take the loan for.

Information is correct as at March 2021.

Please Complete:

Calculated Loan Details:

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

 

 

Loans

From Killarney Credit Union

Fast approaval

Great rates

Local service

Flexible repayments