• Fast approval
  • Local service
  • Great rates


Community Loan

  • 6% (6.2% APR*)
  • Borrow up to €100,000
  • Supporting the community

Supporting our local community projects

Many community, not-for-profit groups or charities in the South and East Kerry region have worthwhile ideas about how they can improve the socio-economic life of their community.

The Killarney Credit Union community loan product has been designed specially to offer such groups access to capital to help make their vision become a reality. The community loan has been developed to support the development of projects in the following areas:

  • sport and recreation
  • culture and heritage
  • the arts (within the meaning of the Arts Act 2003)
  • health of the community
  • youth, welfare and amenities
  • natural environment

Why borrow from us?

There are many reasons to choose a Community Loan from Killarney Credit Union, from an excellent rate to no administration fees and the ability to repay the loan earlier without penalties.

  • Your community group can borrow up to €100,000 over a maximum term of 10 years. 
  • We are happy to collaborate with other agencies in progressing your application for community finance.
  • Your community loan will be assessed by a special lending panel.
  • We don’t charge any administration fees or charges.
  • Your community group can repay the loan earlier without penalties.
  • Finance is available for buildings and equipment, working capital, cash shortfalls, bridging finance against delayed grants or other confirmed income and the restructuring of debt.
  • By borrowing from the credit union, you are supporting your local community as finance is provided by the local community for the benefit of the local community.

Further Information:

Loan Repayment Table




Number of


Cost of Loan

Total Loan

€5,000 6.2% 1 Year 12 €430.41 €164.86 €5,164.86
€10,000 6.2% 5 Years 60 €193.37 €1,601.70 €11,601.70
€15,000 6.2% 10 Years 120 €166.57 €4,986.89 €19,986.89
€20,000 6.2% 10 Years 120 €222.10 €6,648.90 €26,648.90
€30,000 6.2% 10 Years 120 €333.15 €9,973.35 €39,973.35
€40,000 6.2% 10 Years 120 €444.19 €13,298.23 €53,298.23
€50,000 6.2% 10 Years 120 €555.24 €16,622.68 €66,622.28


Typical APR variable Community Loan rate of 6% (6.2% Annual Percentage Rate (APR)). Lending terms and conditions apply. Loans are subject to approval. Table is for illustration purposes only and does not constitute a contract. Figures correct as at March 2021.

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

Documentation Required

  • Completed application form - Call into any of our branches and we will be happy to help
  • Proof of Identity
    • Completed Killarney Credit Union group mandate on file.
    • Current proof of ID and address of the principal officers/trustees/-directors/beneficial owners.
    • Proof of ID and Address of the principle officers/ trustees/ directors
  • Proof of Income
    • Most Recent accounts / Record of Income & Expenditure (2 Years)
    • Tax Clearance cert (If applicable)
    • Financial Projections / Cash ow statements
    • Copy of Funding Letter offer (if applicable)
  • Financial Position
    • Current bank/ loan/ HP statements / Credit Card (at least 6 months)
  • Group Information
    • Detailed description of the purpose of the loan
    • Charitable status details (if applicable)
    • Key activities / specific services provided
  • Other information deemed necessary by the credit union

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.




From Killarney Credit Union


Fast approaval

Great rates

Local service

Flexible repayments