Mortgage
Mortgage
Your Next Mortgage – Your Next Home- 3.85% (3.92% APRC*)
- Borrow up to €400,000
- Maximum term of 35 years
We have the perfect mortgage for you
Are you buying a new house? Are you thinking of building a new home? Do you want to renovate a house? Do you need to refinance an existing home loan? Whatever your plans are, we have the perfect Mortgage for you.
Introducing Ireland’s Newest Capped Variable Rate Mortgage
At Killarney Credit Union, we’re proud to bring you something truly unique – Ireland’s newest Capped Variable Rate Mortgage. It gives you the flexibility of a variable rate with the peace of mind of a fixed rate. How? Your repayments will never go above a set limit during the capped period, no matter how rates may change, for the first 3 years from drawdown.
Our current rate is 3.85% (APRC 3.92%), capped at 4.40% (APRC 4.5%) for the first 3 years.
Who is this mortgage for?
Whether you’re stepping onto the property ladder for the first time or making your next move, our mortgage is designed to fit a variety of needs:
- First-Time Buyers – Start your journey with confidence.
- Movers – Make your next house a home.
- Switchers – Move your mortgage to us and enjoy the benefits.
- Self-Builders – Build your dream from the ground up.
With Killarney Credit Union, you’ll enjoy:
- Local decision-making – All lending decisions are made here in your community, with your best interests at heart.
- A capped variable rate mortgage.
- Flexible repayments – Pay fortnightly or monthly, whichever suits you.
- No early repayment penalties – Pay off your mortgage faster if you wish.
- Transparent costs – No hidden fees or surprise charges.
- Personal service – We know our members, and we’re here to support you.
Key Features of Our Capped Variable Rate Mortgage
- 3-year capped rate period – Your interest rate will never go above the agreed cap during this time.
- Flexibility built in – Tailor your mortgage to your lifestyle and financial goals.
Loan Calculator
Try out our quick and easy loan calculator below
Maximum Loan Term :
3.92%
3.92%
3.92%
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
€100,000
Rate of interest - APRC
3.92%
Loan Term
20 years
Cost of Loan
€43,545
Monthly Repayment
€598.11
Total Loan Repayable
€143,545
The monthly repayment on a 20-year mortgage with a variable borrowing rate of 3.85% on a mortgage of €100,000 is €598.11 for 240 months. Total amount repayable is €143,545. If interest rates increase to the cap of 4.40%, an additional €29.15 would be payable per month. For this example, Annual Percentage Rate of Charge (APRC) of 3.92% applies and consists of variable borrowing rate of 3.85%. It does not include valuation fees, legal fees, or other third party charges that may apply. Information correct at 13th May 2025 and subject to change.
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
The following information will be required and evidence retained for all members :
- Six months personal bank and credit card statements,
- Completed salary certificate,
- Most recent Employment Detail Summary (previously P60),
- Members last three months’ payslips (see procedures for requirements for weekly and fortnightly pay),
- Copy of all loan statements for the previous six months,
- Copy of last annual mortgage statements,
- Copy of all savings /investment’s statements for the previous six months,
- All / any other documentation as required by the Credit Union, to be provided by the member(s) in advance of commencing the mortgage application, to satisfy Anti Money Laundering (“AML”) regulations
- If relevant, evidence and confirmation that any gifts received are non-repayable.
For self-employed members, the following additional financial information must be provided:
- Signed Financial statements: 2 years most recent audited accounts or trading accounts certified by your accountant,
- Tax Clearance Certificate and letter from your accountant confirming personal and business tax affairs are up to date and in order and confirming that there are no arrangements in place with the Revenue,
- Form 11 and Chapter 4 receipts from ROS for the last 2 years,
- 6 months most recent business current account bank statements. The most recent date must be dated within the last 4 weeks,
- Six months business credit card statements,
- 6 months most recent statements for any business borrowings held.
Maximum Mortgage is €400,000.
Maximum Loan to Value 90%.
Maximum term 35 years.
A housing loan excludes buy to lets and holiday homes.
A limit of 3.5 times gross annual income for second and subsequent buyers. First time buyers up to 4 times qualifying income of member.
First Legal Charge to be taken by Killarney Credit Union over the property.
House Insurance Policy to cover the reinstatement value of the property with Killarney Credit Union’s interest noted thereon.
We may seek your permission to undertake a credit bureau check with your application.
A mortgage protection policy must be in place which must be assigned to Killarney Credit Union.
Download Brochures and Guides
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.
- Warning: The cost of your monthly repayments may increase.
- Warning: If you do not keep up your repayments you may lose your home.
- Warning: You may have to pay charges if you pay off a fixed-rate loan early.
- Warning: If you do not meet the repayments on your loan, your account will go intro arrears. This may affect your credit rating, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
