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Loans Current Loan Promotion

Home Improvement Loan Promotion 2017

Borrow €10,000 for as little as €50 per week over 5 years



Did you know that a Synergy Credit Union Home Improvement Loan has some very special features?

The credit union is owned by you, so first of all you are doing your financial business with a community controlled financial institution that you own. Your loan has built in Loan Protection so in the event of your death or permanent disability (subject to some terms and conditions) your loan will be cleared in full - great security feature for your dependents.

· You can apply on-line 24/7 and have a very quick decision

· You can borrow any amount up to €50,000 over your shares

· Payment protection insurance is available at an extra cost

· Naturally, no hidden fees or transaction charges, sure you own it!!

· Flexibility - It’s your credit union, so we make it as easy for you as possible - weekly, fortnightly or monthly repayments - Clear the loan when you want with no penalty.

Home Renovation Incentive - now extended to December 2018

The Home Renovation Incentive (HRI) scheme enables homeowners or landlords to claim tax relief on repairs, renovations or improvement work that is carried out on their main home or rental property by tax-compliant contractors and that is subject to 13.5% VAT.

The HRI is paid in the form of a tax credit at 13.5% of qualifying expenditure, which can be set against your income tax over 2 years. This effectively reduces the rate of VAT to zero on qualifying work, up to a value of €30,000.

In order to qualify for the HRI, the work must be done between 25 October 2013 and 31 December 2018 for homeowners and between 15 October 2014 and 31 December 2018 for landlords.

Borrow €10,000 for as little as €50 per week over 5 years

Know your Loan

Representative Example: €10,000 Loan repayable over 260 weeks (5 years); 260 weekly payments of

€49.31; Rate of interest 10.38% p.a. variable Representative 10..93% APR Total Amount Payable is €12,818.36

Synergy Credit Union is regulated by the Central Bank of Ireland


Contact Us
  • Synergy Credit Union
  • Tel: 1800 272927
  • Fax: 025 32503
  • Email:
  • Address: 27/29 Patrick Street, Fermoy, Co Cork
Opening Hours
Fermoy Branch
  • mon
  • tue
  • wed
  • thu
  • fri
  • sat
  • 10:00am - 4:00pm
  • 10:00am - 4:00pm
  • 10:00am - 4:00pm
  • 09:30am - 4:00pm
  • 09:30am - 4:00pm
  • 09:30am - 1:30pm
Watergrasshill Branch
  • tue
  • fri
  • sat
  • 10:00am - 2:00pm
  • 10:00am - 4:00pm
  • 09:30am - 12:00pm
*closed for lunch 12:30 - 1:30pm
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Synergy Credit Union Ltd is Regulated by the Central Bank of Ireland. Reg No. 126 CU