Credit Union Covered Loans
Apply for a Credit Union Covered Loan today or work out an affordable repayment plan with our handy Loan Calculator below.
Credit Union Covered Loan
Limited Offer – New Lower Rate of Just 4.95%
A Credit Union Covered Loan is a flexible and empowering way to borrow money without touching your savings.
You can borrow any amount up to the value of your share account, and your savings will still be there for you when you’ve finished paying off the loan. Last year our members borrowed over €4.9 million with a covered loan. Apply for a covered loan today and start enjoying the benefits of having access to extra cash without having to dip into your savings.
Why choose a CLCU Covered Loan
- Borrow up to the value of your savings
- Avail of a great discounted rate of 4.95%
- No set-up fees or hidden charges
- Free Loan Protection Insurance (T&C apply)
- Interest calculated only on the outstanding balance of the loan
Low-Cost Loans
Over €52 million
High Approval
Fair Lending
Ready to borrow? 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.
Repayment Example of a covered loan
A covered loan of €30,000 over 5 years would cost €565 pm at a variable rate of 4.95%. The cost of credit is €3,927 and the total amount repayable is €33,927. 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, 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.
Similar Loans
What is a Credit Union Covered Loan?
A Covered Loan allows you to take out a low-cost loan rather than dip into your hard-earned savings. You can borrow any amount up to the value of your share account, and your savings will still be there for you when you’ve finished paying off the loan.
Why choose a covered loan?
- We offer a lower lowest interest rate for covered loans.
- You can ensure your savings remain intact.
- We offer flexible repayment options, and we don’t charge penalties for early repayment.
- Many people find it easier to repay a loan than to replace savings.
- There are no restrictions on the purpose of the loan.
How much can I borrow with a Covered Loan?
You can borrow up to the value of your savings.
Is a Covered Loan a Secured Loan?
Yes, a covered loan is a secured loan. For more information about secured loans and how to choose the right loan to suit your needs, please read our handy loan comparison guide.
Can I access my savings when I have a covered loan?
The amount you owe on the Covered Loan cannot be accessed. If you need to access your savings, please drop into a branch or call our member services team and we will discuss the options available to you. We will always work with you.
where we serve
Everyone at Croí Laighean Credit Union is united by a Common Bond. If you live or work in any of the towns and communities below, you’re eligible to join — it’s common sense to keep it local.
Not sure if you’re eligible to join? If you don’t see your town listed, use the eligibility checker below
Towns & Communities We Serve
- Allen
- Allenwood
- Ballinabrackey
- Ballyfore
- Broadford
- Caragh
- Carbury
- Castlejordan
- Celbridge
- Clane
- Clogharinka / Clogherinkoe
- Clonbullogue
- Coill Dubh
- Confey
- Croghan
- Daingean
- Derrinturn
- Donadea
- Donore
- Drehid
- Dunbyrne
- Edenderry
- Johnstown Bridge
- Kilcock
- Killina
- Kilmeague
- Kilshanroe
- Leixlip
- Longwood
- Lullymore
- Milltown
- Mount Lucas
- Moyvalley
- Prosperous
- Rathcoffey
- Rhode
- Robertstown
- Sallins
- Staplestown
- Straffan
- Ticknevin
- Timahoe
Not sure if your address qualifies? Use the eligibility checker above — if you don’t see your town listed, get in touch and we’ll confirm.
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