Monster Home Improvement Loan 5.8% (5.96% APR) Variable

(Special Rate Home Improvement loan from €30,000 to €60,000)

“Turn your house into a dream home with our special rate home improvement loan”

Thinking about making the house bigger? A garden make-over or attic conversion? Talk to us first! Borrow at a competitive rate with flexible repayment options and no penalties for early payment.


  • No hidden costs or administration fees
  • No penalty for early payback, you can pay the loan off early or make lump sum payments with no additional charges
  • Free life cover on your loan (subject to terms & conditions)
  • Low-Cost Loan- affordable loans
  • Flexibility to repay your loan with terms of up to 10 years
  • Repayments to suit you – weekly, fortnightly, 4-weekly or monthly
  • Fast and efficient service


  • Proof of PPSN (Payslip, document from Revenue or Department of Social Welfare)
  • Photo ID- Current Drivers licence or Passport
    (For non-UK or EU nationals we also require the members Irish Residence Permit. The Loan term should fall in line with Irish Residence Permit Expiry)
  • Proof of your Address: A current utility bill or bank statement or government letter dated within the last 6 months
  • 1 recent receipt of any income you receive (this may include payslips, social welfare receipts, pension receipts)
  • Employment Detail Summary from Revenue for the last 2 years or if you are self-employed, we need your last 2 chapter 4 notices of assessment which have been submitted to Revenue, and your last 2 years’ sets of accounts.
  • Salary certificate form completed by your employer
  • 3 months up to-date bank statements, dated as close to the application date as possible, (your statements should show your income and any mortgage/rent or loan payments that you may have and be no older than 2 months old)
  • For dual-income households, you must open a joint credit union account first. Once the account is open, your partner will be sought as a joint applicant and both parties will have to supply the above documentation.
  • Quotes for proposed home improvements
  • Property tax letter confirming ownership of property

Once you have all the required documentation and the joint account opened if applicable, please contact the credit union to arrange for an appointment to come in and apply for your loan. We cannot accept applications without all of the documents listed above.

Term & Conditions

  • Loan Applications are by appointment only for loans of this size. Member must submit all documentation before a loan application can be made.
  • The property on which the home improvements are to be carried out must be your principal private residence
  • Evidence that you own the property will be required
  • Loan Repayments must be made via direct debit
  • **This rate is available for new Home Improvement Loan applications only, where the value of the loan is between €30,000 and €60,000. A total of €2 million will be made available by Letterkenny Credit Union Limited as part of this product promotion. Home improvement loan applications made after this net lending level has been reached will qualify for the standard home improvement loan rate


Please contact our loans team to arrange an appointment to apply for your monster loan


Should you have any queries contact our loans team


Phone: 074 91 02 126


Loan Amount Term 120 monthly Repayments Total Amount repayable
€60,000 10 years €660.25 €79,229.68

Representative example correct as at 18.03.23


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.