Loans

From Killarney Credit Union

Fast approval

Great rates

Local service

Flexible repayments

 

 

Loans

Loans
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Killarney Credit Union

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Member services

Resources, information & more...

 
Telephone

064 KillarneyCU6631344

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Email

info@KillarneyCUkillarneycu.ie

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Locations

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Telephone

064 KillarneyCU6631344

link

 
Email

info@KillarneyCUkillarneycu.ie

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Locations

Click to view

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Become a Member
Contact Us
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Home Improvement Loan from Killarney Credit Union

 
Telephone

064 KillarneyCU6631344

link

 
Email

info@KillarneyCUkillarneycu.ie

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Locations

Click to view

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Become a Member
Contact Us
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Killarney Credit Union

Budgeting Tips

budgeting tips

1) Get ahead of your loan!

When borrowing from Killarney Credit Union, the loan officers will endeavour to structure the repayments over an appropriate term for the amount and purpose of the loan. To this end they may average a member’s income for the year to arrive at and affordable repayment amount. All loans from Killarney Credit Union are variable interest rate loans, with flexible repayment amounts and no early repayment penalties. Members who work seasonally should where possible try and “overpay” or “prepay” their loans, so that if their income reduces in the winter months, they can reduce their repayments to an affordable level for the period of unemployment without falling into arrears.
2) Identify one off annual expenses and annual occasions.
Divide Expenses into yearly, quarterly and monthly payments. For annual payments (such as car insurance, car tax etc.) try to agree monthly payment plans. The Credit Union “Bill Pay” loan may help with this. It will allow you to bundle several annual bills into a single loan repayable over 12 months in regular weekly/monthly payments.
3) Identify Necessary unavoidable expenditure Vs discretionary expenditure. It is important to prioritise the expenditure in your household budget. Social Welfare income is only designed to give a member a reasonable standard of living, it does not provide for discretionary expenditure such as expensive family holidays.
4) Set a Goal
When the household budget is complete review each element. Identify areas where your income may be improved. Identify areas where expenses could be reduced. Review possibility of changing utility providers.

5) Get the balance right between planning for retirements and living for today! It is right and prudent for members to plan for retirement. However, independent financial advice should be sought regarding the appropriateness to continue contributions such as pension policies, savings plans or life assurance when experiencing financial difficulty. It may be necessary to reduce such contributions in the short term to be able to afford repaying loans.

5) Reduce your shopping 

  • Shop with a list. If you decide in store you will spend more – use loyalty cards/coupons etc
  • Shop for bargains and cut back on non essential items. Be smart. Shop for store brands
  • Local butchers offer great deals
  • Eliminate waste – watch what you bin!

6) Look at your services. Are you getting value for money on the following?

7) Other tips

  • Are you claiming all your tax benefits or social welfare entitlements? Visit www.revenue.ie and www.citizensinformation.ie for more information.
  • Make your own lunch
  • Could you reduce your travel/parking costs (walk or cycle to work/ car pool?)
  • How much do you spend on socialising/entertainment?
  • If you have older children living with you that are receiving an income, could they contribute towards your household expenses?Remember the secret to getting rich – “Spend less than you earn”.

 8) Review your income and expenditure

The solution may be a revision of your Income and Expenditure, as well as assistance with your Budget Planner. 

Killarney Credit Union Junior Members

 

Have you met Rua yet?

 

He's our friendly new mascott! Come and find out more in our Junior Members section!

Great loan interest rates from as low as 

5.6%

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More Information

For more information about any of our services please feel free to contact us directly.  We will be happy to help in any way we can.

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Home Improvement Loan from Killarney Credit Union

Loans Services Guide

Loan Services Guide

All the information you need in one place

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.

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Loan Services Guide

Coronavirus Information

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Working with you during this difficult time

We are still here and still open for business.  Click here for information about opening times, online services and more.

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Coronavirus Information

Loans from Killarney Credit Union

Fast approval

Local Service

Great rates

Flexible repayments

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Loan Types

From Home Improvements and Cars to Business Loans and Weddings, we have the perfect loan for you.

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Killarney Credit Union

We are delighted to announce our new logo.  Learn more about these exciting changes here.

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Loan Calcuator

Our easy to use loan calculator is here to guide you on loan costs and repayments.

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