Communion and Confirmation Loans

Communion and Confirmation Loans

Communion & Confirmation Loans  

We’ve got your expenses covered

Communion Expenses

Communion season is once more upon us and it can be an expensive time for parents. Link Credit Union is here to help assist families with a small modest loan to help relieve the financial burden.

Over half (55%) of parents report feeling the strain when it comes to paying for their child’s First Holy Communion with the average family spending €700. In Ireland, 38% of families will spend up to €500 on the big day, with 48% spending between €500 to €1,000 and 14% of families prepared to splurge between €1,000 to €3,000.

We are here to offer friendly, accessible financial services in the local community through savings and modest loan services. We would urge anyone who is planning for the costs of communion to call in and speak to us.

Here are some of the many benefits of borrowing with Link Credit Union:

  • no hidden fees or transaction charges
  • interest rates are fair and reasonable and are capped by law
  • Repayments are calculated on your reducing balance, so you pay less interest with each repayment
  • Your credit union loan is also insured in the event of your death (subject to terms and conditions) at no direct cost to you
  • You can pay off your loan early, make additional lump sum repayments or increase your regular repayments all without a penalty.
Parents can now avail of our Express Communion Loans –

If you are a previous borrower with Link Credit Union you can apply for an Express Communion Loan.

Borrow up to €1,000 – Repay €20 per week – No payslips / bank statements needed – Easy to Apply – on the Spot Decisions.

Confirmation Expenses

Confirmation season sees parents splashing out for the one-day celebration regardless of the cost, but money is in short supply and some need a helping hand in the form of a loan, partly driven by the need to keep their children on trend with their peers. Link Credit Union is here to help assist families with a small modest loan to help relieve the financial burden.

Over half (60%) of parents report feeling the strain when it comes to paying for their child’s Confirmation with the average family spending €850, other families prepared to splurge between €1,000 to €2,000.

We are here to offer friendly, accessible financial services in the local community through savings and modest loan services. We would urge anyone who is planning for the costs of confirmation to call in and speak to us.

Here are some of the many benefits of borrowing with Link Credit Union:

  • no hidden fees or transaction charges
  • interest rates are fair and reasonable and are capped by law
  • Repayments are calculated on your reducing balance, so you pay less interest with each repayment
  • Your credit union loan is also insured in the event of your death (subject to terms and conditions) at no direct cost to you
  • You can pay off your loan early, make additional lump sum repayments or increase your regular repayments all without a penalty.
Parents can now avail of our Express Confirmation Loans –

If you are a previous borrower with Link Credit Union you can apply for an Express Confirmation Loan.

Borrow up to €1,000 – Repay €20 per week – No payslips / bank statements needed – Easy to Apply – on the Spot Decisions.

How much will this loan cost me?

Sample Loan Costings for Communion / Confirmation Loans:

Confirmation / Communion Loans @ 10.5% (11.05% APR) – – – – – Express Loans @ 10.5% (11.05% APR)

Borrow          Repay Weekly        Term             Total Interest         Total Cost of Loan

€500                   €10.15                 1 Year                €27.10                        €527.10

€1000                 €20.29                 1 Year                €54.18                      €1054.18

€1500                 €30.43                 1 Year                €81.28                      €1530.43