Thinking About a Home Improvement Loan? Talk to Us at MFCU Lending Support Day

A home improvement loan is one of the most practical financial decisions you can make. Rather than moving to get more space or better energy efficiency, many North Dublin homeowners are choosing to improve what they already have. But before you start getting quotes from contractors, it helps to know exactly what you can borrow and what the repayments will look like.

That is exactly what MFCU Lending Support Day is for. On Saturday 18th April, our lending experts will be at our Artane branch from 9:30am to 1:30pm, available for free one-to-one conversations. If a home improvement loan is on your mind, this is your chance to get clear answers in a relaxed setting with no obligation.

Why More Irish Homeowners Are Choosing to Renovate

Property prices in Dublin remain high, and moving house brings its own costs. For many households, the smarter option is to invest in the home they already own.

Whether that means a kitchen extension, a new bathroom, a converted attic, or a full refurbishment, a home improvement loan lets you spread the cost over time while getting the work done now.

According to the BPFI Personal Loans Report Q3 2025, home improvement lending across Ireland reached €230 million in the third quarter of 2025 alone, up 12.8% year on year. The average home improvement loan value also grew, which tells you that homeowners are not just borrowing more often. They are taking on bigger, more meaningful projects.

If you have been putting off a improvement because the finances felt uncertain, now is a good time to find out what is actually possible.

What Does a Home Improvement Loan at MFCU Look Like?

Promotional interest rate:  7.99%

Borrow:  €10,000 to €75,000

Repayment terms:  up to 10 years

APR:  8.3%

To give you a sense of what the repayments could look like, here are two examples based on our current rates:

• €40,000 over 10 years:  €485.10 per month | Total cost of credit: €18,114.84
• €40,000 over 5 years:  €810.86 per month | Total cost of credit: €8,651.86

These are illustrative figures. Your actual repayments will depend on the amount you borrow and the term you choose. You can get a quick estimate using our loan calculator and run through those numbers with our team on the day.

What Can You Use a Home Improvement Loan For?

The MFCU home improvement loan covers a wide range of improvement and improvement work. You will need to provide evidence of the work, such as quotes, estimates, or invoices. Projects our members commonly fund include:

• House extensions and conversions
• New kitchens and bathrooms
• Attic improvements
• New windows and doors
• Driveways and outdoor spaces
• Home office upgrades
• Structural repairs and general refurbishment

If your project has an energy efficiency element, such as insulation, solar panels, or a heat pump, it may qualify for our green loan at a lower rate of 5.75%. Our team can help you figure out which loan type suits your project best at MFCU Lending Support Day.

What Are the Benefits of Borrowing With MFCU?

• No penalty for early or lump sum repayments
• Loan protection built in, terms and conditions apply
• Apply online, by phone, or in branch
• Most decisions within 48 hours
• Funds transferred directly to your bank account once approved
• Member-owned credit union. Your interest is our interest.

Ready to talk it through? Register your interest for the MFCU Lending Support Day.