Community Loan

The People First Community Loan is designed specifically for community groups and will help make their vision become a reality.

The People First Community Loan is designed specifically for community groups and will help make their vision become a reality.

We have further enhanced our community lending opportunities by developing a close partnership with Community Finance Ireland. This partnership will help community groups that may require larger funding amounts and are interested in applying for a loan through our co-funding process.

We support projects across a wide range of areas, including:

  • Sports and Recreation
  • Natural Environment
  • Arts (as per Arts Act 2003)
  • Health of the Community
  • Youth, Welfare & Amenities
  • Culture and Heritage

What do we offer?

  • Community Lending rate at 6.55% (6.75% Representative APR)
  • Borrow up to €200,000.
  • Loan term between 1 and 35 years.
  • Collaboration with Community Finance Ireland
  • Flexible repayments.
  • No large savings required.
  • No transaction fees or administration charges.
  • No penalties for early repayment or lump sum payments.
  • Expert guidance and advice throughout the application process.

Note: Any group applying for a community loan will need to open a club account with People First Credit Union. Our expert team will advise of this simple and quick process.


Representative Example: For a community loan of €40,000 over 7 years (84 months), repay €595 per month. Total amount repayable (including interest of €9,973) is €49,973, 6.75% APR.


Loans are subject to approval. Lending criteria, terms & conditions apply.

Warning: 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.

Warning: For variable rate loans, the cost of your monthly repayments may increase.

Whilst every care has been made in the production of this information, it is for illustrative purposes only and to give you an overview of the potential cost of borrowing at People First Credit Union. It does not constitute a loan offer. People First Credit Union or its staff cannot be held responsible for any errors or omissions.

Community Loan
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What do I need to provide?

  • Completed PFCU Community Loan Application Form (available below)
  • Current Proof of ID and Proof of Address for the principal officers/trustees/directors/beneficial owners.
  • Most recent accounts/ record of income and expenditure (2 years)
  • Tax clearance cert (if applicable)
  • Financial projections/ cash-flow statements
  • Copy of funding letter (if applicable)
  • Current bank/ loan/ hire purchase/ credit card statements (last 6 months)
  • Detailed business plan for the purpose of the loan
  • Charitable status details (if applicable)
  • Description of community organisation

Want to learn more?

Fill out the below form and one of our team will get in touch.

Please note that the application form is available below, this form is only an enquiry to get further details.

Arrange a Callback from our Business Development Officer

Please provide some brief details on your query.

Ready to apply?

Fill out the form, send it into us, and our team will get in touch with you detailing the next steps.