Over €3m borrowed for home improvements in 2023

In 2023, Midleton Credit Union helped its members install new kitchens, upgrade their bathrooms, landscape their lawns and make their homes more energy-efficient.

In this case, the helping hand they offer is more metaphorical than literal (we’re really no good at plastering), but members don’t seem to mind – from January 2023 to January 2024, they borrowed over €3 million for home improvements.

€2 million of that was loaned at their reduced home improvements loan rate for loans over €20,000 (7.5%, 7.73% APR), with the average loan coming in at over €36,000.

Kitchen renovations, bathroom upgrades, custom outdoor living spaces and energy efficient enhancements topped their home improvement loans table and here’s why:

The beauty of taking out a home improvement loan with Midleton Credit Union is that there’s no fees for early or lump sum repayments, so if you are in a position to pay back faster or with a larger amount, they won’t penalise you for it. Your interest rate is fixed and you’ll get free loan protection insurance.

You can become a member of Midleton Credit Union if you live or work in their common bond area, which covers most of East Cork – check out the website to see if you’re eligible.

Once your loan is approved by Midleton Credit Union through their quick & easy application process, you can get back to making those home improvements that can make such a difference. Just don’t ask us to help you choose a colour scheme.

They’ve recently partnered with Energywise Ireland, your one-stop shop for home energy upgrade solutions.

This family-owned company will manage the entire energy upgrade of your home, from energy assessment through to grant applications, assigning contractors and post-works BER assessment.

To apply for a home improvement loan from Midleton Credit Union, simply call on 021-4633919, pop into in Midleton or Carrigtwohill, email loan@midletoncu.ie or apply online at midletoncu.ie.

Not yet a member? Head online to find out how to join or call us on 021-4631073.