About Our Personal Microcredit Scheme Loans

12% Variable – 12.68% APR

A Personal Micro Credit Loan is available to members who are over 18 years of age and in receipt of a social welfare scheme payment. The interest rate is 12% APR (12.68%)

Your social welfare payment must be collected weekly from An Post or paid direct to your bank account.

You must qualify for deductions to be made through the household budget via the post office and be willing to open up or use your existing Household Budget Account (HB) as the repayment method.

Repayment frequency is weekly in line with social welfare payments
Loans can be repaid early without penalty
Loans can be for any provident and productive purpose
Minimum loan value is €100
Maximum Loan Value is €1,000
Minimum loan term is one month
Maximum term will be 24 months
Terms & Conditions apply

Find out what you can afford to borrow

Loan Calculator

A Personal Micro Credit Loan is available to members who are over 18 years of age and in receipt of a social welfare scheme payment.

There are times in life when you need to borrow. When something unexpected happens and you need a loan in a hurry. And if you are in receipt of social welfare, you may think that you have no other option than to turn to a moneylender. But there is another option. Your local credit union.

No Stress

We don’t want you to worry, so we’ll be here to answers all your concerns.

We Get Personal

With us you are more than just a number. It’s about more than just your credit history.

No Fees or Charges

Banks charge you fees to use your account. We don’t. Nothing. Zilch. Zero.

Reducing Interest

The more you pay off the less interest you pay. Nice!

Personal Microcredit Scheme Loan - Eligibility

You don’t need to be an existing member and can join and apply for a loan straight away. No two cases are the same and each loan application will be looked at on its own merits. However, some general guidelines about the criteria for loan assessment are as follows:

Repayment

Your ability to repay the loan.

History & Credit Check

Your previous lending history and your credit check with the CCR.

Saving

Are you saving regularly?

Not a member of Kilrush Credit Union?

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PMC Loan

12.68%