Credit Union
Home Improvement Loan

Great value loans

Interest calculated on reducing loan balance

Over €46 million

Borrowed by members last year


Loan approval rate

Simple loan process

Quick turnaround on standard loans

Credit Union Home Improvement Loan

Make your dream home a reality with our Home Improvement Loan. We offer loans starting from 7.5% (7.76% APR) on amounts over €25,000 with a term of 5 years or more. You can use our handy Loan Calculator below to work out an affordable repayment plan. We also offer a great 5-year fixed-rate loan with a low rate of just 6% (6.17% APR).

Last year, we provided our members with over €8.6 million in Home Improvement Loans. We have much more to give. Check out our handy home improvement tips for ideas on cost-effective improvements, no matter your budget.

If you’re not a member, don’t worry – you can apply for a loan and membership at the same time. We’ll be in touch once we receive your loan application to discuss your needs, and answer any questions you may have.

Why choose a CLCU Loan

  • Home Improvement Loan rates from 7.5% (7.76% APR)
  • No set-up fees or hidden charges
  • Tailor your loan to suit your repayment ability
  • Free Loan Protection Insurance (T&C apply)
  • Interest calculated only on the outstanding balance of the loan
  • Fair and transparent lending process
  • Great value home insurance

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

Loan calculator

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APR means Annual Percentage Rate. The repayment amount quoted in the loan calculator above is for illustrative purposes only, and 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. If you are experiencing difficulty repaying your loan, or believe you may in the future, please click here.


Frequently Asked Questions


How does a home improvement loan differ from a mortgage?

Home improvement loans are specifically intended for renovation and remodeling projects, while mortgages are used to purchase or refinance a home.

How much can I borrow with a home improvement loan?

You can borrow up to €100,000 with a Croí Laighean Credit Union Home Improvement Loan.

How long must I be a member, or do I need to have a certain amount saved?

You can join today and borrow today. Our decisions are based on your repayment ability, and we don’t use a computer algorithm.

What can I use a home improvement loan for?

You can use a home improvement loan for a wide range of projects, including buying a new kitchen, renovating your bathroom, roof repairs, landscaping, creating an outdoor space, adding an extension, or converting the attic – it’s up to you!

What are the interest rates for home improvement loans?

Our interest rates start at 7.5% for loans over €25,000 and over 5 years. We also offer 5-year, 7-year, and 10-year fixed-term loans with rates starting from 6%.

How long do I have to repay a home improvement loan?

We offer repayment terms of up to 10 years, but it depends on the amount you borrow.

How can I apply for a loan?

You can work out a repayment amount that suits your budget and apply online, in a branch, or on the phone.

Can I use a home improvement loan for DIY projects, or do I need to hire a contractor?

It’s entirely up to you whether you choose a professional contractor or decide to do the work yourself.

How long does it typically take to get approval?

We try to deal with all loans as soon as possible and often, you may get approval within 24 hours.

Can I use a home improvement loan for energy-efficient upgrades or home repairs?

Yes, you can use a home improvement loan for energy-efficient improvements. However, if you’re thinking of upgrading your home’s energy rating, we have a special Green Loan rate of 6% (6.17% APR) to help finance retrofits. This is ideal for projects such as installing solar panels, upgrading insulation, or replacing windows and doors.

Why should I choose Croí Laighean Credit Union?

As a member-focused Credit Union, we offer the best loan rates and services. In today’s financial landscape, making informed borrowing decisions is more important than ever and we’re always here to help and guide you to the best product. Read our handy loan comparison guide to find out more.


Repayment Example


A Credit Union Home Improvement Loan of €25,000 over 5 years would have a monthly repayment of €501 at a fixed rate of 7.5% (APR 7.76%). The total cost of credit would be €5,057, and the total amount repayable would be €30,057.

A Credit Union Home Improvement Loan of €7,500 over 3 years would have a monthly repayment of €242 at a variable rate of 9.99% (APR 10.46%). The total cost of credit would be €1,211, and the total amount repayable would be €8,711.

It is important to note that these are just examples, and the actual cost of your loan may vary depending on your individual circumstances. Croí Laighean 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 are based on figures from 2020. Rates are correct as of 30/06/2023 and are subject to change. Croí Laighean Credit Union is regulated by the Central Bank of Ireland.

If you are considering a Credit Union Home Improvement Loan, our loan officers are happy to discuss your specific needs.

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