Home Improvement Loan
Transform your home, your way
From dream renovations to essential repairs, a home improvement loan can help you create a home that works better for you and your family.
Whether you're modernising your kitchen, converting an attic, upgrading windows and insulation, or refreshing your living space, People First Credit Union offers competitive rates, fast decisions, and a simple application process.
With lower rates available on larger loans, you can take on bigger projects without paying more than you need to.
⚡ Looking to improve your home's energy efficiency?
You may qualify for our reduced-rate Green Energy Loan, designed to help members finance improvements like solar panels, insulation, sustainable heating, and much more.
Explore our Green Energy LoanTurn your house into the home you want
💫 Flexibility Built In
Choose a repayment term and frequency that suits your budget, giving you control over your repayments. You can also make extra payments whenever it suits you with no penalties.
💶 Two interest rates
We offer two different interest rates on this loan depending on the amount you borrow, so you won't have to worry about high interest when you borrow more.
🤝 No prepayment penalties
You can make lump-sum or regular extra payments. We won't charge any penalties if you pay off your loan earlier than the originally agreed term.
🌱 Local, personal decisions
We assess each application individually, carefully, and fairly. Our goal is to lend responsibly and to ensure that repayments are affordable for you.
Designed around your needs
Renovate, upgrade, and improve.
Kitchen Improvements
Attic Conversions
Garden Extensions
Bathroom Renovations
Calculate your repayments
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.
Representative Example: If you borrow €15,000 over 5 years (60 months), the interest rate is 8.99% per annum (9.37% Representative APR), your monthly repayment would be €311, and the total amount repayable would be €18,680.
Terms and Features
Loan Amount and Term
- You can borrow up to €200,000.
- The maximum loan term is generally 10 years. Loan terms over this limit require additional securities, our lending team will explain this to you.
- The interest rates are as follows:
- 8.99% (9.37% APR) up to €30,000
- 6.99% (7.2% APR) over €30,000
Required Documents
- 3 months bank statements
- 2 recent payslips
- Proof of Address (within last 6 months)
- Photo ID (driving licence or passport)
- Other documentation may be requested by the Loan Officer.
Eligibility
- You must be aged over 18
- You must have a minimum of €20 in your savings
- You must be a resident in our common bond and have permission to reside in Ireland
Ready to go?
We've made the application process simple and accessible for you.
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Want to apply over the phone, or just looking for some information?
Frequently Asked Questions
Everything you need to know before you apply.
We want your loan application process to be as simple as possible. There are four ways to apply for a loan.
- Apply through our mobile app
- Apply through our website
- Apply over the phone
- Apply in any of our branches (no appointment needed)
Click here to get started.
Right away!
Once you have €20 in your shares, you can apply for a loan.
No, you don't need to make an appointment for a loan application!
Our four branches have full-time lenders available to speak with. Loan office opening hours are slightly different from the office hours, see here for more information.
Yes.
The loan officer will assess the application in the same way as a new loan application. There are limits on how many top-ups you can receive in a specific time period, and the lender will advise you if we are unable to approve your top-up loan application due to these limits.
You will need to provide supporting documents:
- Proof of income (recent payslips or set of accounts)
- 3 months of bank statements.
We may require additional documentation for certain loans, the lender assessing your loan will advise you of this.
We’ve made providing your documents simple. Choose “Open Banking” when applying and you can securely provide us with a transaction listing from your bank account – no need to be downloading, printing, and sending your statements!
Every loan application is assessed carefully and fairly. Our goal is to lend responsibly and to ensure that repayments are affordable for you. When reviewing your application, we look at:
- Repayment capacity: We consider your income and expenses to make sure the loan can be comfortably repaid.
- Credit history: We may use the Central Credit Register to review your history on loans you’ve taken with other financial institutions.
- Savings and account activity: Your relationship with the credit union, including savings history, can help us understand your financial habits.
- Purpose of the loan: Understanding what the loan is for helps us tailor the product to your needs.
We assess each application individually, not by automated scoring alone. Our focus is on supporting members while ensuring loans are granted in a sustainable way.
There are no penalties for early repayment, and we encourage members to talk to us if their circumstances change. This approach ensures we lend in a way that is fair, transparent, and aligned with our members’ best interests.
Yes. You can pay your loan early with no penalties or fees.
People First Credit Union is regulated by the Central Bank of Ireland.
Lending criteria, terms and conditions apply. Applicants must be over 18 and resident in the Republic of Ireland. Loan approval is subject to a satisfactory assessment of suitability and affordability.
| WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit report, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL-agreement in the future. |
