Whether youвЂ™re after a brand-new car, a second-hand bargain or your first set of wheels, chat to your local credit union today about a car loan, or click below to submit a loan enquiry.
Whether youвЂ™re after a brand-new car, a second-hand bargain or your first set of wheels, chat to your local credit union today about a car loan.
HAVE YOU HAD YOUR CREDIT REUNION?
- Owned by you:
Every credit union is owned by its members, the people who save with it and borrow from it
All decisions are taken at local level in the best interest of all members
Credit unions excel in the personal service which they provide to members
Unlike a Hire Purchase agreement or Personal Contract Plan you own the car from the outset. There are no hidden fees or charges on credit union loans
You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, all without penalty. Generally. there is no minimum loan period.
Loans are insured by the credit unionвЂ™s own policy at no direct cost to you. This is designed to pay off a loan in the event of a borrowerвЂ™s death вЂ“ subject to terms, conditions and eligibility criteria.
To help you get on the road with the car you need, chat to your local credit union today about a car loan.
HOW MUCH DOES A CAR LOAN COST?
The maximum interest rate which a credit union can charge is 12% (12.68% APR)*. In practice, most credit unions have interest rates which are significantly lower than that. Please check with your local credit union for further details. The maximum loan period can vary, depending on each credit union’s own policy.
* For a в‚¬3,000 one year variable rate loan with an interest rate of 12%, an annual percentage rate of 12.68%, the monthly repayment will be в‚¬266.55 and the total amount repayable will be в‚¬3,198.56
HOW DO I APPLY FOR A CAR LOAN?
If you are already a member of a credit union, simply contact your credit union today
To submit a car loan enquiry to your local or workplace credit union, please click on the Loan Enquiry link below.
Alternatively, it’s as simple as contacting your credit union to discuss your needs. YouвЂ™ll find contact details for your local or workplace credit union in our Credit Union Locator.
If you’re not already a credit union member why not join today? You’ll find more details on what you need to join by clicking in the Join now link below.
Loans are subject to approval. Terms and conditions apply. 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.
Credit unions in the Republic of Ireland are regulated by the Central Bank of Ireland.
Credit unions in Northern Ireland are authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.