Credit Union
Covered Loans

Great value loans

Interest calculated on reducing loan balance

Over €38 million

Borrowed by members last year


Loan approval rate

Simple loan process

Quick turnaround on standard loans

Credit Union Covered Loans

If you’d like to borrow while maintaining your savings, a Credit Union Covered Loan is a flexible and empowering option. Borrow any amount up to the value of your Share Account — without touching a cent of your savings, and your savings will still be there for you when you’re finished paying your loan!

Apply for a Credit Union Covered Loan today or work out an affordable repayment plan with our handy Loan Calculator.

Why choose a CLCU Covered Loan

  • Borrow up to the value of your savings
  • Avail of a great discounted rate of 6% (6.17% APR)
  • No set-up fees or hidden charges
  • Free loan protection insurance (T&C apply)
  • Interest calculated only on the outstanding balance of the loan

infoApply for a loan today. Not a member? You can join & apply at the same time.

Loan calculator

Loan Type
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Decrement Term Increment Term
  • Weekly Total Interest
  • Fortnightly Total Interest
  • Monthly Total Interest
APR means Annual Percentage Rate. The repayment amount quoted is for illustrative purposes only, to provide you with an overview of the potential cost of borrowing. Restrictions may 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.


Repayment Example
A loan of €30,000 over 5 years would cost €588.42pm at a variable rate of 6% (APR 6.17%). The cost of credit is €4,711.30 and the total amount repayable is €34,711.30. Variable rates may increase which would cause the cost of credit to increase.

While every care has been made in the production of this web page, the Credit Union, or any of its staff, cannot be held responsible for any omissions, errors, or other mistakes on the site. This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing.

Loan amounts and 99% approval rate is based on figures from 2020. Rates are correct as of 1/02/2022 and are subject to change. Croí Laighean Credit Union is regulated by the Central Bank of Ireland.

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