Share Covered Loan
4.99% (APR 5.11%)
A Share Covered Loan is a cost-effective way to access funds while leaving your savings untouched. It can take a long time to build up your savings, so when it comes time to making that big purchase you may be reluctant to withdraw your savings. With a Share Covered Loan from Kilrush Credit Union, you don’t have to.
Max €40,000 over 10 year term.
Try out our Loan Calculator
Maximum Loan Term :
5.11%
5.11%
5.11%
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.
What do I need to apply?
Proof of income OR
- 2 Most Recent Payslips or
- If self employed, the most recent chapter 4 self assessment / Form 11
3 months Bank Statements
- The quickest way to provide your 3 months Bank Statements is by using AIS
Our aim is to provide a loan decision within 24 hours. If you submit the required proof of income and complete your AIS (for bank statements), you may receive a decision even sooner.
If applying in branch, bringing these documents with you can help speed up the process and reduce the time taken to reach a decision.
Lending criteria, terms and conditions apply.
Why apply with us?
- A Loan Secured by Savings allows you to borrow an amount equal to your savings in a fast & secure way.
- Low rate of 4.99% (5.11% APR)
- Flexible, low cost way of covering your expense
- Straight forward loan with regular repayments over an agreed term.
- No administration fees or hidden charges.
- Interest is charged on your reducing loan balance so your repayments are based on what is actually outstanding.
- Eligible loans are insured by the Credit Union’s Loan Protection Insurance. This gives the comfort of knowing that your family will not be left with the burden of loan repayments in the event of your death. This cover is available at no extra cost. (T&Cs apply). See the insurance section.
Ready to Apply?
Click on "Apply Now" button to start your journey right now or click on "Contact Us" button to send us a message if you are unsure about your documentation, or still have other questions. If you are not a member, join us today!
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