Modular Homes
Modular Home Loan rate: 5.5% (5.6% APR)
Arklow Credit Union has expanded its loan portfolio to include a new Modular Home loan.
The loan provides up to €100,000 to help members maximise their property potential under the new 2026 national planning exemption guidelines.
Arklow Credit Union removes main obstacle to back-garden development.
Arklow Credit Union now offers a new specialised finance product. Tailored for homeowners looking to construct modular units in their back gardens. Offering a highly competitive 5.5% variable rate (5.6% APR), the loan provides up to €100,000 to help families maximise their property potential under the new 2026 national planning exemption guidelines.
The initiative directly addresses the growing demand for secondary garden units, often used for independent living spaces for elderly relatives, adult children saving for a deposit, or high-end home offices.
Hugh O’Keeffe CEO said
"Arklow Credit Union is deeply rooted in supporting our community through evolving economic times. This new 5.5% loan represents an affordable, practical solution to housing and workspace challenges. Homeowners can now seamlessly finance a factory-built, certified modular home and make use of their existing garden space, keeping families closer together."
Reduced interest rate 5.5% (5.6 % APR)
No setup charges, transaction fees, or early repayment penalties.
Local underwriting ensures quick decisions for modular builds.
Members loans are insured with no cost to the member
Loan Specifications
5.5% variable rate with a transparent 5.6% APR, maximum term 10years.
No setup charges, transaction fees, or early repayment penalties.
Local underwriting ensures quick decisions for certified modular builds.
Funds can be released in stages to match builder payment schedules. Quotes/invoices will be required with funds paid directly to suppliers.
Eligibility criteria
Back Garden Eligibility Criteria
- Property Ownership: Must be an owner-occupier within Arklow Credit Union's common bond area.
- Planning Compliance: Unit must comply with the 2026 regulations (typically 32m² to 45m² with 25m² of remaining garden space).
- Affordability Check: Subject to standard credit assessment, income verification, and CCR check.
Check out our loan calculator
Maximum Loan Term :
11.07%
11.07%
11.07%
Did you know we offer loan repayment protection? <a href="loans/loan-repayment-protection">Click here for more info</a> This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors.<br>Loans are subject to approval. Terms and Conditions Apply. If you do not meet the agreed repayments your account will fall into arrears. This may affect your ability to access credit in the future. Arklow Credit Union is regulated by the Central Bank of Ireland.
Example: €50,000.00 Modular home loan loan over 7 years at €720.00 per month repayments. Rate of the loan is 5.5% (APR 5.6%) Total cost of loan € 10,329.47 total repayable € 60,329.47. Example correct as of 01/08/2026 |
APR = Annual Percentage Rate. It represents the true, yearly cost of borrowing money, expressed as a percentage. |
Terms and Conditions Apply. Loans subject to approval. |
Arklow Credit Union is regulated by the Central Bank of Ireland |
WARNING: If you do not meet the agreed repayments your account will fall into arrears. This may affect your ability to access credit in the future. |
