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Low-Cost Loans
Only Pay Interest on What You Owe
Over €160,000
Donated via student bursaries
6% Rate
Low 6% (6.17% APR) loan rate
Free Current Account
Free student current account
Credit Union Student Loan
If you’re looking for a student loan, talk to us. We understand that third-level education is expensive, but we also believe that it is an investment in your future and the future of our community. That’s why we offer student loans that are tailored to your individual needs. Apply for a Credit Union student loan today and start your journey to a brighter future.
You can also use our handy loan calculator to work out an affordable repayment plan. We also do fee-free student current accounts – click here to find out more, and don’t forget to check out our helpful and informative Student Money Management Tips blog post!
Why choose our Irish Student Loan
- Low 6% (6.17% APR) discounted interest rate
- Join and borrow instantly - no waiting period required for members!
- No set-up fees or hidden charges
- Tailored student loans to suit your repayment ability
- No penalties for early repayment
- Free Loan Protection Insurance (T&C apply)
- Interest calculated only on the outstanding balance of the loan
- Free student current account
Ready to apply for a Student Loan? Use our loan calculator to check your repayments and apply – not a member yet? You can join and apply in one go!
Ready to apply for a Student Loan? Use our loan calculator to check your repayments and apply – not a member yet? You can join and apply in one go! Loan calculator
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.
Why choose a Credit Union student loan?
At the Croí Laighean Credit Union, we know that your time in college should be about learning, growing, and moving toward that dream career – not worrying about the cost of funding your time in college or university. That’s why we have a low-rate Irish student loan and offer repayment terms for up to 5 years at a discounted rate of 6% (6.17% APR). Use our handy loan calculator to tailor your loan to suit your repayment ability.
What Can a Student Loan Be Used For?
| Expense | Examples |
|---|---|
| College Fees | Student contribution fee, tuition fees, repeat exam fees and registration costs. |
| Accommodation | Rent, security deposits, student accommodation, shared housing and utilities. |
| Laptop & Technology | Laptop, tablet, printer, software licences, webcam, monitor and accessories. |
| Books & Course Materials | Textbooks, lab manuals, stationery, calculators, art supplies and online subscriptions. |
| Travel | Public transport, fuel, parking, bicycle, car expenses or commuting costs. |
| Living Expenses | Food, groceries, utility bills, internet, phone bills and day-to-day living costs. |
| Professional Equipment | Medical equipment, engineering tools, cameras, musical instruments, chef knives or specialist equipment required for your course. |
| Placements & Internships | Travel, accommodation and living costs while completing work placements. |
| Study Abroad | Flights, accommodation, insurance and travel expenses for Erasmus or overseas study. |
| Apprenticeships & Further Education | Training courses, certification programmes, apprenticeships and postgraduate study. |
| Unexpected Costs | Emergency repairs, replacing a laptop, medical costs or other unexpected college expenses. |
Who can apply for a Student Loan?
No matter where you are on your educational journey, we’re here to help. Our Student Loan is available to Leaving Certificate students preparing for college, first-year and returning students, mature and postgraduate students, apprentices, and parents who want to support their child’s education.
Do I need a student loan?
A student loan can be used to bridge the gap before receiving a grant, for buying equipment, for college/university fees, or for rent. With a Croí Laighean Credit Union Student Loan, you can pay it back early with no fear of additional penalties or charges. Below is a table to help highlight the typical student costs in Ireland (2026).
| Expense | Typical Cost (2026) | Notes |
|---|---|---|
| Student Contribution Fee | Up to €2,500 | Payable by many undergraduate students, subject to eligibility and available supports. |
| Accommodation | €5,000 – €10,000+ per year | Student accommodation or shared rental. Costs vary significantly by location. |
| Laptop or Computer | €700 – €1,500 | Many courses require a capable laptop from day one. |
| Books & Course Materials | €300 – €800 | Textbooks, digital resources, stationery and specialist materials. |
| Travel | €300 – €1,500 per year | Public transport, fuel, parking or commuting costs. |
| Living Expenses | €250 – €500 per month | Food, toiletries, phone, internet and everyday essentials. |
| Course Equipment | €200 – €2,000 | May include engineering tools, nursing equipment, art supplies, cameras or musical instruments. |
| Placement or Internship Costs | €200 – €1,000+ | Travel, accommodation and professional clothing for work placements. |
| Graduation & Miscellaneous | €100 – €500 | Graduation fees, society memberships, printing and unexpected expenses. |
| Estimated Annual Cost* | €10,000 – €20,000+ | Depending on your course, accommodation and lifestyle. |
*Figures are intended as a general guide only. Actual costs will vary depending on where you study, your accommodation, your course and your personal circumstances.
What’s the limit on a Credit Union student loan?
The maximum you can borrow is up to €70,000, and for up to 5 years. You may require a guarantor if you don’t have a regular income source. The best advice is to talk to us, we will always work with you.
Is the student loan available to overseas students?
To avail of our Irish student loan, you must live or work in our common bond. If you are relocating to an address within our common bond please contact us to discuss your loan requirements.
Student Loan FAQs
Can I get a student loan without a job?
Yes, it’s possible. Every application is assessed individually, taking your overall circumstances into account, not just whether you have a full-time job.
Can my parents apply?
Yes. Many parents take out a loan to help cover their child’s college costs, from fees and accommodation to laptops and living expenses.
Do I need a guarantor?
Not always. Whether a guarantor is required depends on your individual circumstances and the loan amount requested.
Can I repay my student loan early?
Yes. You can make extra repayments or clear your loan early at any time without penalty.
Can I use the loan for rent?
Absolutely. A Student Loan can help cover accommodation costs, including rent, security deposits and other housing-related expenses while you’re studying.
Can I borrow for a laptop?
Yes. A Student Loan can be used to purchase a laptop, tablet, software or other equipment you’ll need for your course.
Can I get a loan before my grant arrives?
Yes. If you’re waiting for your SUSI grant or other funding, a Student Loan may help bridge the gap until your finances are in place, subject to approval.
How much can I borrow?
The amount you can borrow depends on your individual circumstances and ability to repay. We’ll work with you to find a loan that’s affordable and suits your needs.
Can mature students apply?
Yes. Whether you’re returning to education after a break or changing career, mature students are welcome to apply for a Student Loan.
Can apprentices apply?
Yes. Apprentices can apply for a Student Loan to help cover training costs, tools, travel, equipment and other expenses associated with their apprenticeship.
Repayment Example:
A loan of €6,000 over 5 year period would cost €117.69pm at a variable rate of 6% (APR 6.17%). The cost of credit is €942.20 and the total amount repayable is €6,942.20. Variable rates may increase which would cause the cost of credit to increase.
While every care has been taken 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. The loan calculator is for illustrative purposes only, and to give you, the borrower, an overview of the potential cost of borrowing.
Rates are correct as of 01/07/2026 and are subject to change. Croí Laighean Credit Union is regulated by the Central Bank of Ireland.
Apply for a Student Loan in 3 Easy Steps
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