Instead of withdrawing your savings, put them to use!

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.

Borrow at 6% (6.18% APR) for any purpose

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 (€)
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Each repayment will be:
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Apply for a loan today

We’ve made it even easier to apply for a loan – apply online via CUOnline+, apply in-app, apply by phone or in-branch. You can also request a call-back using the form below.

Apply Online

Log in to our Online services and submit a secure loan application.


Loan Enquiry

Submit a loan enquiry and request a call back using our online form.


Apply By Phone

Call our office and we will take your loan application over the phone.

069 64444

What Do I Need to Apply?

It’s quick and easy to apply for a loan with us. If you are applying for your loan online or in-app, you can upload your documentation there. If applying for a loan by phone or in-branch you can email your documentation to

Loan Documentation

  • 1 most recent payslip or social welfare slip
  • 3 most recent months bank statements

Additional Information

  • Proof of ID: Valid Drivers Licence or Passport
  • Proof of Address: Bank statement or utility bill dated within last 6 months
  • Proof of PPS: Payslip, Revenue or Medical Card. Public Service Card NOT acceptable
  • We may have your information already on file

Quick Join & Apply

  • Yes, you can Join and apply for a loan same day.
  • Call to any of our branches with the loan & additional documentation listed. You can complete a membership and loan application form in-branch, no appointment needed.
  • Are you eligible to join us? If you live, work or are in education in our common bond you can join us. Our common bond covers the areas of Rathkeale, Adare, Croom, Ballingarry, Banogue, Cappagh, Croagh, Granagh, Kilfinny and Manister.

Why Borrow From Us?

When you borrow from Rathkeale & District Credit Union, you are helping others in your community to borrow as well as helping us to support your community through sponsorship and development.

Quick Loan Approval

We aim to come back to you with a decision within 48 hours of receiving your application and supporting paperwork. We approve 98% of all loan applications.

No Fees or Penalties

No administration, transaction or any other fees on loans. No penalties for early or lump sum payments.

Personal Service

Friendly, efficient service both in branch and online.

Reducing Balance Interest

This means you pay interest on the reducing balance of the loan; therefore, you pay less interest as the loan decreases.

Free Loan Insurance

Your loan is paid off in the event of your death or permanent disability (T & Cs apply). Other credit providers do not provide this without charging for it.

Flexible Repayment Options

Choose between weekly, fortnightly or monthly repayments. No extra charges for early repayments.

NOTE: All figures given on this website are for your general information only, and give a rough guide to loan repayments. Any statements on this website do not purport to be authoritative or legally binding. Rathkeale & District Credit Union Ltd. accepts no responsibility for errors due to changes in rates or offers which have occurred after this date. You are advised to check with our offices for up-to-date rates and offers.

Loans are subject to approval. Terms & Conditions apply. 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. Rathkeale & District Credit Union is regulated by the Central Bank of Ireland.