HOme Improvement loan

The Best Home Improvement Loan in your Community.

A credit union home improvement loan can make the process of renovating your home a lot easier. Whether it is adding value to your property, repairs, or an extension, use the table below to find out our rates and monthly payment amounts.

Promotional Interest Rate of


Borrow from

€15K – €75k

Spread Payments over

5-10 yrs

Monthly repayments

on your MFCU Home Improvement Loan

LOAN AMOUNT€15,000€40,000
APR 8.3%8.3%
MONTHLY REPAYMENTS (10 years)€181.91€485.10
TOTAL COST OF CREDIT€21,829.46€58,211.89

HOw to apply

Apply online

Apply Online

To apply online, you firstly need to login to your MFCU account on our website or mobile app.

It is important to note that your account must have fully up-to-date proof of address and ID before applying for an end-to-end loan.

Loan Documents

Loan Documents

As part of this process you will need to upload documentation to support your application, please ensure you have your proof of ID and some recent payslips ready before continuing.

You must decide your preferred terms of the loan such as payment frequency and loan period before uploading relevant documents.

Loan Decision

Loan Decision

An MFCU loans officer will contact you by phone in regards to the application. If approved, you will then have to sign your credit agreement on your online account. 

Funds Drawdown

Funds Drawdown

Once the credit agreement is signed, the loan funds will be transferred straight into your bank account.

How to qualify

for an MFCU Home Improvement loan

You must be a registered MFCU member to apply for a loan with us. We welcome any new members that live, work or study within our common bond to join our North Dublin credit union today.

Loan Calculator

Benefits of
mfcu loans

Online loans

Apply for a loan from the comfort of your home.

Reduced interest

Pay less overtime as your balance decreases.

Online Top Up

Quick Loan top up with the MFCU mobile app or desktop.

Full support

We’re always here to help. Call us or use Live Chat.

Loan protection

Built in insurance in case on extreme circumstances.
T&C apply.


Are Home Improvement loans tax deductible?

Not anymore, unfortunately. You used to be able to claim tax relief on the interest paid on a Home Improvement Loan but Revenue no longer offer these incentives.

Can I get a Home Improvement grant?

In Ireland, the new National Home Energy Upgrade Scheme provides grants to upgrade the energy efficiency of your home. This grant is available for home improvement works such as home insulation, Solar PV panels, for the purchase of new windows and doors etc. Learn more about these grants at the link below.

Can I overpay my repayments on the loan?

Yes, of course! With MFCU, there is no penalty for early or lump sum repayments.

What can I do with a Home Improvement loan? 

The MFCU Home Improvement loan is available for renovations and home improvements, of which evidence (quotes/estimates/invoices) for same is required.

What is the difference between unsecured and secured loans?

A secured loan uses security or collateral to support the loan (like a house or a car), while unsecured loans do not attach collateral to the debt. For instance, with the MFCU Covered Loan, members can borrow at a signifcantly reduced interest rate as the loan is secured by their savings with us.

THE Loan Zone

in simpler terms

1. The interest rate:

The higher the interest rate, the more you’ll pay.

2. The loan amount:

The higher the amount, the bigger the cost overall.

3. The type of loan:

We offer a reduced interest rate on our Covered Loan, but also promotional rates on our Home Improvement, Education and Car Loans.

4. The lender you choose:

Interest rates vary across lending providers. With MFCU, we provide great-value loan rates with flexible repayment options to suit the needs of our members.

we’re here to help

Click here for Home Improvement Loan Terms and Conditions.

Lending criteria, terms and conditions apply.
Member First Credit Union is regulated by the Central Bank of Ireland.

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.