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Green Car Loans


If your car goes along with a cough and a puff and you’ve finally cried out for the environment that “enough is enough” then ask the credit union for a green car loan where you can enquire online from the comfort of home.

On a mission to reduce your emissions or just wanting to ditch the diesel for something greener? With reduced environmental impacts, lowering your carbon footprint and reduced running costs many people are opting for Electric or Hybrid Cars. However, the initial outlay can be high either new or even second hand so why not check out your local credit union about a flexible green car loan or submit an online loan enquiry today.

The Credit Union - Imagine More

Loan Enquiry




Who should apply for a green car loan?

A green car loan is for anyone who is planning on purchasing an electric or hybrid car.


Why? Imagine a Different Kind of Lender

Imagine – A loan that means you own your car. Unlike a Hire Purchase agreement or Personal Contract Plan, with our loan you own the car from the outset. There are no scary hidden fees, additional charges or balloon payments.

Imagine – A straight-forward loan, with no sneaky conditions. Credit unions offer flexible green car loans of all sizes. You can pay off your loan early or increase your repayments, all without any penalties.

Imagine – A loan from a lender at the heart of your community. Credit unions are not-for-profit and owned by our members, the people who save with us and borrow from us. All decisions are taken at local level, in the best interest of all our members.

Imagine – A loan with built in insurance, at no cost to you. This is designed to pay off a loan in the event of a borrower’s death – subject to terms, conditions and eligibility criteria.


The benefits of getting a green car loan vs a regular car loan is the financial viability for you, the member. There are grants available which can cover up to 25% of the costs and this - coupled with significant money saved on fuel each year (up to €1,300 or £819 a year) - means you could cover the cost of your loan over a number of years. This article examines the average amount you might save.


What's Different about a Credit Union Green Car Loan?

Unlike some other forms of car finance like Hire Purchase or a Personal Contract Plans (PCP), with a credit union car loan, you own the car from the outset. There are no hidden fees or charges and definitely no balloon payments or mileage restrictions. If you want to own the car you're driving and want the freedom to decide when to sell it, a credit union loan may just be for you.


What is the Interest Rate for a Credit Union Green Car Loan?

The average rate charged for a loan to buy a car in the Republic of Ireland is 8.6% APR. . Click here to check out our car loan calculator. Many credit unions also offer discounted or promotional rates at certain times of the year - please check with your local credit union for further details. 

And not only that, many credit unions offer a loan interest rebate at the end of the year, making credit union loans even more appealing. Please check with your local credit union for further details.

For information on the best value electric cars in Ireland check out our article here.

 * For a €/£3,000, 1 year variable rate loan with 12 monthly repayments of €/£266.55, an interest rate of 12%, an annual percentage rate of 12.68%, the total amount payable by the member is €/£3,198.56.

Try Our Car Loan Calculator   >




How do I apply for a Green Car Loan?

All credit unions are different, but many will allow you to apply online or over the phone with many offering quick approval times. Click here for all your frequently asked questions about applying for a green car loan.
If you are already a member of a credit union, simply contact your credit union today. Alternatively, to submit a car loan enquiry to your local or workplace credit union, please click on the Loan Enquiry link below.

Loan Enquiry


Not a Member? Not a Problem!

If you’re not already a credit union member, why not join your local or workplace credit union today? You'll find more details on what you need to join by clicking here.

Or if you can’t remember the last time you used your local credit union, that's also no problem. Credit unions just love to see old friends returning. Just contact your local credit union to find out how to reactivate your account.

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.