Home Improvement Loan

Dreaming of a new kitchen, building an extension or a new garden; maybe you’re planning upgrades to make your home warmer or more energy efficient?

We’re here to help! Our home improvement loan can help make your plans a reality. Big plans don’t have to mean big payments! Kilmallock Credit Union’s Home Improvement Loan is currently available at our Promotional Low Rate of 8.5%. For Home Improvement Loans over €50,000, our loan rate is 6%.

Use our Loan Calulator to see how affordable a loan with us really is.

Loan Repayment Details

  • Each repayment will be:
  • Your total repayment will be:
  • The total interest will be:

Make a Loan Enquiry

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You may be eligible for the Home Renovation Incentive (HRI) scheme – this scheme enables homeowners or landlords to claim tax relief on repairs, renovations or improvement work that is carried out on their main home or rental property by tax-compliant contractors and that is subject to 13.5% VAT. Read more about HRI..

What Type of Work Qualifies Under HRI?

  • painting, decorating and tiling
  • plastering, plumbing and rewiring
  • bathroom upgrades
  • fitted kitchens
  • window replacements
  • extensions and attic conversions
  • garages, driveways and landscaping
  • septic tank repair or replacement

You may be eligible for the SEAI – Better Energy Homes Scheme (BEH). This scheme provides grants to homeowners who invest in energy efficiency improvements in one or more of the following areas: Roof Insulation, Wall Insulation, Installation of a Gas or Oil fired Boiler, Heating Control Upgrades and Solar panels. Read more about BEH..

You may be eligible for the Warmer Homes Scheme (WHS). This scheme aims to improve the energy efficiency and comfort of your home at no cost to you as long as you own it , if it is built pre 2006 and the owner is in receipt of one of the following; Fuel Allowance, Job Seekers for over 6 months and children under 7, FIS or in receipt of the “One Parent Family”. Read more about WHS..

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Why Choose a Kilmallock Credit Union Loan?

  • No hidden fees or transaction charges.
  • Free-To-Our-Members Loan Protection Insurance – Kilmallock Credit Union pay this insurance for our members. Other lenders charge for this insurance.
  • Your Loan Interest is charged on the Reducing Balance, so you pay less interest with each repayment.
  • You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, Without a Penalty. Other lenders may charge you extra for paying them back faster!
  • Convenient opening hours at our 3 strategically located branches.
  • Online Services Available – Kilmallock Credit Union offers CU Online Banking and CU Anywhere Mobile App as additional services.

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How Do I Apply?

We try to make our loan application process as easy and stress-free as possible. We have a number of different application options.

In Branch
You can apply for a loan in any of our 3 branches in Kilmallock, Kilfinane & Charleville.
Click here to view the opening hours of our branches.

Over The Phone
You can call us and we will talk you through the process.
Kilmallock: 063 98355
Kilfinane: 063 91088
Charleville: 063 89668

Online
Click here to request a call back from our Lending Team.

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What Do I Need to Apply?

We aim for quick decisions. All our applications are treated confidentially and on their own merits. The key consideration is a member’s ability to make the loan repayments over the term of the loan.

Income Details & Financial Statements

  • Receipts of any income you receive (payslips, social welfare, children’s allowance, pension, etc).
  • PPSN Number
  • Bank statements; for loans over a certain amount we require bank statements (see below).
  • Your bank statements should show your income and any mortgage / rent or other loan payments or credit card payments you may have.
  • Self Employed: your most recent set of accounts and/or a Revenue Commissioners Income Tax Assessment. 6 months of your business and personal bank statements, dated as close to your application as possible.

Specific Information for Loan Amounts

  • For loans under €1000, we require 1 payslip
  • For loans under €3000, we require 3 payslips
  • For loans from €3000 – €5000, we require 3 payslips and 2 months bank statements
  • For loans from €5000 – €10,000, we require 3 payslips and 3 months of bank statements.
  • For loans above €10,000, we require 6 payslips and 6 months of bank statements, and Proof of purpose may be required.
  • For self employed we require additional information as detailed above.

Additional Information

  • Proof of Address: A utility bill or bank statement showing the address of your current residence. This must be dated within the last 6 months.
  • Photographic ID: Current Drivers Licence or Passport. We may already have these on file for you.
  • Some loans may require additional information.

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Request a Call Back

Loan Enquiry
Sending

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Not a Member? Joining is Easy!

If you are not already a member of Kilmallock Credit Union, you can easily open an account at in any of our branches.

Click here for more information on the documentation needed for joining us.

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Loans are subject to approval. Terms & Conditions apply. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future. Kilmallock Credit Union is regulated by the Central Bank of Ireland.

 

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