Home Improvement Loan
Are you dreaming of making your nest bigger, brighter, or warmer?
People First Credit Union offers home improvement loans with competitive interest rates to help you achieve the renovations of your dreams.
Quick turnaround times, easy applications and a team of professional local staff to make the whole process as seamless as possible.
We offer two different interest rates depending on the amount you borrow, so you won't have to worry about high interest when you borrow more.
- No deposit required.
- No lump sum payment required.
- No inflated payments.
- Flexible, tailored payment schedules.
- Free loan protection insurance, subject to criteria.
- Option for repayments by direct debit.
- Loans are based on your ability to repay, not solely on your savings.
- Open Banking allows for easy, secure communication of financial documents.
Home Improvement Loan Up to €30,000
8.99% Interest Rate (9.37% Representative APR)
Representative Example
A loan of €12,000 over 3 years:
- 36 monthly repayments
- Repay €381.67 per month.
- Total amount repayable is €13,732.73 (including cost of credit of €1732.73).
- 9.37% APR
Examples provided are 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 example only provides an indicative quote and actual repayments may vary.
Home Improvement Loan over €30,000
6.99% Interest Rate (7.22% Representative APR)
Representative Example
A loan of €40,000 over 10 years:
- 120monthly repayments
- Repay €464.23 per month
- Total amount repayable is €55,705.02 (including cost of credit of €15,705.02).
- 7.22% APR.
Examples provided are 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 example only provides an indicative quote and actual repayments may vary.
Maximum Loan Term :
**FOR LOAN TERMS OVER 10 YEARS - THE LOAN MUST BE SECURED. Your loan officer will explain this to you.** This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. Whilst every care has been made in the production of information, People First Credit Union, or any of its staff, cannot be held responsible for any errors. This calculator only provides an indicative quote and actual repayments may vary. 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 and this may affect your credit rating which may limit your ability to access credit in the future.
How do I apply?
- 3 months bank statements (including Revolut if applicable)
- 2 recent payslips (or other proof of income)
- Valid Photo ID (Driving License or Passport)
- Valid Proof of Address dated within the last six months (mobile phone bills not accepted)
- Quote from supplier with a breakdown of costs may be requested.
Our lenders may request additional documentation in order to completely assess your application.
Open Banking allows for a faster approval and provides a more secure method of sharing your financial information.
This is an optional service. You will be provided with details of this on receipt of your application.
Apply on the go
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.
