Instead of withdrawing your savings, put them to use against a Covered Loan.

It can take a long time to build up your savings, so when it comes time to making that big purchase you may be reluctant to withdraw your savings. With a Covered Loan from Rathkeale & District Credit Union, you don’t have to.
Our Covered Loan is a cost-effective way of access funds while leaving your savings intact and available for other purposes. You are allowed to borrow up to the value of your savings at a special reduced rate of interest while continuing to earn a dividend on your savings. Available at SPECIAL REDUCED RATE of 6.4% A.P.R.


7 Reasons Why A Covered Loan Is The Smart Choice

  • One of our lowest interest rates available
  • Your savings remain intact and available for other eventualities
  • Repayment is calculated on the reducing balance
  • Flexible repayment options
  • There are no restrictions on the purpose of the loan
  • You continue to earn a dividend on your savings account
  • It is easier to repay a loan than to replace savings

Loan Calculator

Types of loans available
Amount you'd like to borrow (€)
Repayment term
For how long (years)

Each repayment will be:
Your total repayment will be:
The total interest will be:

Calculator is based on our current lending rates and is only intended as an indication of payments. Lending is subject to a current assessment. T&C’s apply.

Request Call Back

How To Apply

We try to make our loan application process as easy and stress-free as possible. We have a number of different application options. Firstly you need to be a member of the credit union. Joining is easy – click here to find out more!

In Branch

You can apply in any of our branches at anytime. There is no need to make an appointment.

Click here to view the opening hours of our 3 branches.

Over The Phone

You can call us and we will talk you through the process.

Rathkeale: 069 64444 | Adare: 061 396 790 | Croom: 061 397 783


You can apply for loans through our CU Online Banking facility.


What Do I Need To Apply

We aim for quick decisions. All our applications are treated confidentially and on their own merits. The key consideration is a member’s ability to make the loan repayments over the term of the loan.


  • 3 most recent receipts of any income you receive (payslips, social welfare, children’s allowance, pension)


  • PPSN Number


  • Self Employed: your most recent set of accounts.

Financial Statements

  • 3 most recent months of your bank statements. Your statements should show your income and any mortgage / rent or other loan payments you may have.


  • Self Employed: 6 months of your business bank statements, dated as close to your application as possible.


  • You can print your bank statements in our branches. Remember to bring your bank account login details.

Additional Information

  • Proof of Address: A utility bill or bank statement showing the address of your current residence. This must be dated within the last 6 months.


  • Photographic ID: Current Drivers Licence or Passport. We may already have these on file for you.


  • Some loans may require additional information.

Click here to read about the Central Credit Register.
Loan criteria, terms and conditions apply. Rathkeale & District Credit Union is regulated by the Central Bank of Ireland.