• Fast approval
  • Local service
  • Great rates


Business Loan

  • 6% (6.2% APR*)
  • Borrow up to €50,000
  • Very competitive rate

Time to grow?

We help businesses achieve their growth potential.

We will consider loan applications from all types of small businesses e.g. trades people, retail, services, hospitality sector, manufacturing etc.

  • 6% (6.2% APR*)
  • Borrow up to €50,000
  • Different business activities
  • Penalty-free early repayment
  • No hidden charges

Why borrow with a Business Loan from Killarney Credit Union?

  • You can borrow up to €50,000 at a very competitive rate.
  • Loans for all types of business activity may be considered, (please note exclusion of buy to lets for buildings or land under business loans)
  • Loans are assessed by an experienced business lending team.
  • We can work with external business support agencies to progress your application for finance.
  • Bridging finance may be available for short term cash injections into the business (6 months or less).
  • No administration fees or hidden charges.
  • Interest is calculated on the reducing balance of your loan.
  • You can repay the loan off earlier without penalties.
  • Members get free loan protection (subject to terms and conditions)
  • Friendly Local Service.
  • No penalties for repaying your loan early.
  • Loan Rate of 6%. (6.2% APR)
  • Support your credit union by borrowing locally.

Further Information:

Loan Repayment Table




Number of


Cost of Loan

Total Loan

€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 €66,622.68


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

Warning: if you do not meet the repayments on your loan, your account will go into arrears. This may affect 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 document etc

Business Status:
  • Recent Set of Business Accounts (2 years)
  • Notice of Assessment Tax Clearance Certificate.
  • Tax compliant letter from accountant.
  • Completed Form F11.
Current Business Bank Statements

will be required (last 6 months)

Business & Marketing Plan
Financial projections/Cash Flow statement
Certifed Statement of Personal Assets & Liabilities
Other information deemed necessary by the credit union


Business Loan Terms & Conditions

  • Maximum loan amount is €50,000 (net of shares).
  • Maximum term is 10 years (this may be extended subject to approval by credit union).
  • Quotations for the work to be carried out to be provided.
  • Loan will not be issued for the purpose of buy to let (buildings or land) 
  • Security may be required.
  • Business credit references may be requested.
  • We may seek your permission to complete a credit bureau check with your application.


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