Home Improvement Loans


Are you dreaming of making your nest bigger, brighter or warmer? Well the answer might be just around the corner! Talk to your local credit union today about our range of home improvement loans. Because for all of your dreams that are big, small or strange, we’ve got you covered with our monster loan range. 

Loan Enquiry

We also offer home improvement loans for those specifically making improvements to increase the energy efficiency of their home. For more information visit green home improvement loans.

The Credit Union – Imagine More.


Why? Imagine a Different Kind of Lender

Imagine – A straight-forward loan, with no sneaky conditions.
Credit unions offer flexible home improvement loans of all sizes. You can pay off your loan early or increase your repayments, all without any scary penalties.

Imagine – A loan from a lender at the heart of your community.
Credit unions are not-for-profit and owned by our members, the people who save with us and borrow from us. All decisions are taken at local level, in the best interest of all our members.

Imagine – A loan with built in insurance, at no cost to you.
This is designed to pay off a loan in the event of a borrower’s death – subject to terms, conditions and eligibility criteria.

Loan Enquiry

What is the Interest Rate for a Credit Union Home Improvement Loan?

The average rate that a credit union offered on home improvement loans in the Republic of Ireland in 2018 was 7.7% while the lowest credit union home improvement interest rate was 4.3%.*
The maximum interest rate which a credit union can charge is 12% (12.68% APR)*. In practice, most credit unions have home improvement loan interest rates which are significantly lower than that. To give you a flavour of the best credit union home improvement loan interest rates around Ireland in 2019, we’ve compiled a list, which you can read here

And not only that, many credit unions offer a loan interest rebate at the end of the year, making credit union loans even more appealing. Please check with your local credit union for further details.
* For financial year end 2018 (September 2018), credit unions affiliated to the Irish League of Credit Unions in the Republic of Ireland.
For a €/£3,000, 3 year variable interest rate loan with 36 monthly repayments of €/£88.91 a representative APR of 4.3%, the total amount payable by the member is €/£3,200.61
For a €/£3,000, 3 year variable interest rate loan with 36 monthly repayments of €/£93.24 a representative APR of 7.7%, the total amount payable by the member is €/£3,356.48
** For a €/£3,000, 1 year variable rate loan with 12 monthly repayments of €/£266.55, an interest rate of 12%, an annual percentage rate of 12.68%, the total amount payable by the member is €/£3,198.56.

How do I apply for a Home Improvement Loan?

All credit unions are different, but many will allow you to apply online or over the phone with many offering quick approval times. Click here for all your frequently asked questions about applying for a home improvement loan.
If you are already a member of a credit union, simply contact your credit union today.
Or, to submit a home improvement loan enquiry to your local or workplace credit union, please click on the Loan Enquiry link below.

Loan Enquiry


Not a Member? Not a Problem!

If you’re not already a credit union member, why not join your local or workplace credit union today? You'll find more details on what you need to join by clicking here.

Or if you can’t remember the last time you used your local credit union, that's also no problem. Credit unions just love to see old friends returning. Just contact your local credit union to find out how to reactivate your account. 

Need more information on Home Renovation Loans?


Home Improvement Loans: Your Questions Answered

All your frequently asked questions answered.

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A Financial Guide to Home Improvements

A handy guide to costs for first-time home improvers.

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All you Need to Know on Home Renovation Loans

What are the best home improvement loans out there? Here’s all you need to know.

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Loans are subject to approval. Terms and 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. Credit unions in the Republic of Ireland are regulated by the Central Bank of Ireland. Credit unions in Northern Ireland are authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.