Green Loan
Green Loan
Helping make affordable greener choices for your home and your transport.- From 4.79% (4.9% APR*)
- Homes and vehicles
- Quick decision
Sustainable living made easy with a Green Loan
In order to support the green economy and encourage everyone to strive for more energy efficient enhancements, we are offering low interest rates on home renovations, retrofitting and transport initiatives.
Loan Calculator
Try out our quick and easy loan calculator below
Maximum Loan Term :
4.9%
4.9%
4.9%
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
€40,000
Rate of interest - APR
4.90%
Loan Term
10 years
Cost of Loan
€10,322.85
Weekly Repayment
€96.78
Total Loan Repayable
€50,322.85
Initiatives for Home and Transport
Smart Solutions for Living and Getting Around
Green Home Initiatives
- Renewable Energy Upgrade (e.g., Solar panels)
- Attic, Floor, Wall and Pipe insulation
- Sustainable Water/Heating systems
- Door, Window or Boiler upgrades
- Deep Retrofit
Green Transport Initiatives
- Electric or Hybrid Cars
- Home Charger units
- Bicycles or Motorcycles
- Electric Scooters
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!
Apply Now Contact UsThree Great Rates
Which one suits your project best?
A Energy Rating
4.79% (4.9% APR)
Projects which result in a home achieving an A energy rating will attract a loan interest rate of 4.9% APR.
B1 or B2 Energy Rating
5.8% (5.96% APR)
Projects which result in a home achieving a B1 or B2 energy rating will be eligible for a loan interest rate of 5.96% APR.
Transport Initiatives or Projects B3 or below
6.5% (6.7% APR)
Projects which result in a home achieving an energy rating of B3 or below, will be eligible for a loan interest rate of 6.7% APR. This rate also covers Electric Cars, Hybrid, Electric Bikes & Motorcycles and Home Charger Units.
Why 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
| Loan Type | Amount | APR* | Term | Number of Repayments | Weekly Repayments | Cost of Loan | Total Loan Repayable |
| Green Loan 6.5% | |||||||
| Green Loan 6.5% | €10,000 | 6.70% | 5 Years | 260 | €45.06 | €1,712.37 | €11,712.37 |
| Green Loan 6.5% | €20,000 | 6.70% | 5 Years | 260 | €90.11 | €3,425.21 | €23,425.21 |
| Green Loan 6.5% | €45,000 | 6.70% | 7 Years | 364 | €153.85 | €10,997.33 | €55,997.33 |
| Green Loan 6.5% | €70,000 | 6.70% | 10 Years | 520 | €182.98 | €25,142.97 | €95,142.97 |
| B2 Rating 5.8% | |||||||
| B2 Rating 5.8% | €25,000 | 5.96% | 5 Years | 260 | €110.78 | €3,799.70 | €28,799.70 |
| B2 Rating 5.8% | €50,000 | 5.96% | 8 Years | 416 | €150.19 | €12,473.93 | €62,473.93 |
| A Rating 4.79% | |||||||
| A Rating 4.79% | €30,000 | 4.90% | 5 Years | 260 | €129.76 | €3,735.97 | €33,735.97 |
| A Rating 4.79% | €50,000 | 4.90% | 10 Years | 520 | €120.97 | €12,901.77 | €62,901.77 |
Typical APR Variable Green Loan Rate (4.9% APR / 5.96% APR / 6.7% APR). Lending terms and conditions apply. Loans are subject to approval. Table is for illustration 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
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 documents etc
Proof of Income
e.g 3 most recent pay slips or social welfare payment receipts
Proof of PPS Number
Correspondance from Revenue / Department of Social Protection, Social welfare receipts
For Self Employed Members:
Set of accounts (2 recent years), Form 11,Tax Clearance Certificate
Current Bank Statements
may be required (last 3 months)
Credit Card Statements
(last 3 months)
Member may be asked to provide proof of greenhouse emission reduction or improvement in BER rating, proof of works or proof of transport purchase.
The Interest Rates are 4.79% (4.9% APR) for an A Energy rating, 5.8% (5.96% APR) for a B1 or B2 rating. Projects achieving a rating B3 or below, and all Green Transport Initiatives 6.5% (6.7% APR).
Minimum loan €5,000: Max Loan €80,000 (€60,000 for vehicles)
Cannot be topped up on an existing loan balance
Maximum Term is 10 years
Maximum Term for a Car is 8 years
Member may be asked to provide proof of greenhouse emission reduction or improvement in BER rating, proof of works or proof of transport purchaseStandard Loan Terms and Conditions of Killarney Credit Union apply
The Board of Directors reserve the right to terminate this loan product at any time
A €30,000 home improvement loan over 10 years at a 4.79% variable interest rate (4.9% APR) has 120 monthly repayments of €315.13 The total amount repayable is €37,815.
We have a helpful PDF information leaflet with further information available to download here.
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.
