Credit Union
Covered Loans

Credit Union
Covered 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.

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

Loan Type
Decrement Amount
Increment Amount
Decrement Term Increment Term
  • Weekly Total Interest
  • Fortnightly Total Interest
  • Monthly Total Interest

We’ll have you Covered…

  • No set-up costs
  • Get pre-approval on your loan application
  • Flexible terms, no penalties for early repayment
  • Access untouched savings as soon as your loan is repaid
  • Interest calculated only on the outstanding balance of the loan
  • Quick decisions, with some loans being approved on the same day

Repayment Example
A loan of €30,000 over 5 years would cost €588.42pm at variable rate of 6% (APR 6.17%). Cost of credit is €4,711.30 and 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 web page is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing.

This does not constitute a loan offer. 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. For more information, contact us on freephone 1800 23 24 25. Loan amounts and 99% approval rate is based on figures from 2020.

Rates are correct as of 1/10/2020 and are subject to change. Croí Laighean Credit Union is regulated by the Central Bank of Ireland.