Home Improvement 8.27%

Home Improvement 8.27%

Dreaming of a kitchen renovation that wows guests or an attic conversion? With our Home Improvement Loan, your vision can become a reality!

Loan Application Process

How to Apply for a loan with Inishowen Credit Union!

1

Become a Member

Once you are living or working within our common bond you are eligible to join us today and start borrowing.

2

Calculate your Loan

Estimate how much you could borrow and calculate your repayments: weekly, fortnightly or monthly using our online.

3

Apply for Loan Online

Apply for your loan from the comfort of your home. Applying for a loan is easy and quick. Apply now!

4

Sit back and relax!

The decisions are made quickly on loan applications and, if is approved, the funds are issued within 48 hours.

 

Loan Calculator

Apply for a loan with interest rates that suit you!

Maximum Loan Amount :
Maximum Loan Term :

€

Term

Repayment Frequency
€
APR
8.25%
# Repayments
Total
Apply for Loan
€
APR
8.25%
# Repayments
Total
Apply for Loan
€
APR
8.25%
# Repayments
Total
Apply for Loan
€
APR
8.25%
# Repayments
Total
Apply for Loan

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.

Representative Example

The example will help to show you the typical costs associated with a loan

Loan Amount

€40,000

Rate of interest - APR

8.27%

Loan Term

10 years

Total interest

€17,945

Montly Repayment

€111

Total Cost of Credit

€57,941

Our Approval Rate

We aim to provide a high quality lending service to our members so you can trust in your Credit Union for your lending requirements.

Still have questions?

Still have a question about our loans? See if it's answered here in our frequently asked questions.

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What do I need when applying for a loan?

A fully completed loan application form to be accompanied by 3 months current bank statements and proof of income.

We also require Revolut statements if applicable.

You can email documents to loans@inishowencu.ie (pdf versions are preferred)

Photographic ID, Proof of Address and proof of PPS number may be required, if advised by staff.

Please note we cannot accept the Public Service Card as proof of PPS number.


All loans are subject to approval.

What do I need when applying for a loan if self-employed?
  • A copy of 2 years recent accounts filed with the Revenue Commissioners,
  • Tax letter issued by the Revenue Commissioners for the most recent tax year,
  • Signed form 11 for the most recent tax year,
  • Business and personal bank statements for the previous three months ending in the month prior to the loan application.
  • Photographic ID, Proof of Address and proof of PPS number may be required, if advised by staff

Do I need a guarantor?

In some cases a guarantor may be required. If you sign as a guarantor this means that you are agreeing to pay the borrower’s Credit Union debt if they default on the loan.

What happens if I repay my loan early?

There are no penalties for early loan repayments.