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About Our Share Covered Loans

Share covered Loan: 4.99% Variable – 5.11% APR

One of the easiest & cheapest ways to borrow is to use your savings as security against the loan.

  • No min, max €40,000 (in line with our savings cap)
  • 10 years max term

Here’s what makes our Share covered Loan great:

  • Loan Secured by Savings allows you to borrow an amount equal to your savings in a fast & secure way.
  • 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.
  • 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. (Terms and Conditions apply).
  • Loan interest rebates may apply.  See the benefits section for more information.

Find out what you can afford to borrow

Loan Calculator

Features of Share Covered Loan

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.

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!

Share Covered 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:


Your ability to repay the loan.

History & Credit Check

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


Are you saving regularly?

Not a member of Kilrush Credit Union?

Become a Member

Warning: All loans subject to a variable interest rate and we may change the interest rate, subject to prior notice in writing. This means the cost of your monthly repayments may increase or decrease.

Kilrush Credit Union
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