Community Loan
Community Loan
Supporting our local community projects- 6% (6.2% APR*)
- Borrow up to €150,000
- Supporting the community
The Community Loan from Killarney Credit Union
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.
Loan Calculator
Try out our quick and easy loan calculator below
Maximum Loan Term :
6.2%
6.2%
6.2%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
Loan Amount
€25,000
Rate of interest - APR
6.20%
Loan Term
5 years
Cost of Loan
€4,000.11
Monthly Repayment
€483.34
Total Loan Repayable
€29,000.11
The community loan has been developed to support the development of projects in the following areas
Sport and Recreation groups
Culture and Heritage groups
The Arts (within the meaning of the Arts Act 2003)
Health of the community
Youth Welfare and Amenities
Natural Environment
Ready to apply?
Great! Applying for a loan couldn’t be easier with our online application process. Alternatively, contact us directly to talk about your application with a member of our friendly team. Even if you are not already a member, we will be happy to discuss your needs with you and look at ways to help. We look forward to hearing from you!
Contact UsWhy choose a loan from Killarney Credit Union?
We specialise in providing a safe place for savings and loans in our community. If you haven't already, why not join our 37,000 strong members and enjoy many benefits including great rates, flexible loans and of course, local friendly service.
- 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.
Everything you need to know
Further Information
| Amount | APR* | Term | Number of Repayments | Weekly Repayments | Cost of Loan | Total Loan Repayable |
| €5,000 | 6.20% | 1 Year | 12 | €430.41 | €164.86 | €5,164.86 |
| €10,000 | 6.20% | 5 Years | 60 | €193.37 | €1,601.70 | €11,601.70 |
| €15,000 | 6.20% | 10 Years | 120 | €166.57 | €4,986.89 | €19,986.89 |
| €20,000 | 6.20% | 10 Years | 120 | €222.10 | €6,648.90 | €26,648.90 |
| €30,000 | 6.20% | 10 Years | 120 | €333.15 | €9,973.35 | €39,973.35 |
| €40,000 | 6.20% | 10 Years | 120 | €444.19 | €13,298.23 | €53,298.23 |
| €50,000 | 6.20% | 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.
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.
Completed application form
Simply call to any of our three branches and our staff will be happy to assist you.
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 flow 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 our Loan Services Guide - your one-stop guide with information about the loans we offer including repayments, options and what you need to apply.
Become a member today!
Our Loans are open to all members of Killarney Credit Union. If you're not a member of the Credit Union yet, don't worry, our application process is simple and, once approved you can take advantage of the many benefits and services we provide.
