Car Loans



Whether you’re dreaming of an upgrade, a hybrid or your very first car – for a fair, flexible loan you won’t have to look far.

Talk to your local credit union today about our range of car loans whether you’re looking for a top-of-the-range model or something to get you from A to B. Because for all of your dreams that are big, small or strange, we’ve got you covered with our monster loan range.

We also have car loans for those who are specifically upgrading to an electric or hybrid car. For more information on our green car loans visit green car loans.

The Credit Union – Imagine More.

Loan Enquiry



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 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.

What's Different about a Credit Union 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 scary 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 car loan?

The average rate that a credit union offered on car loans in the Republic of Ireland in 2018 was 7.9% while the lowest credit union car loan interest rate was 5%.*

The maximum interest rate which a credit union can charge is 12% (12.68% APR)**. In practice, most credit unions have car loan interest rates which are significantly lower than that. To give you a flavour of the best credit unions car loan interest rates in Ireland, we’ve compiled a list of the lowest rates from 2019, which you can read here

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 financial year end 2018 (September 2018), credit unions affiliated to the Irish League of Credit Unions in the Republic of Ireland.
For a €/£3,000, 3 year variable interest rate loan with 36 monthly repayments of €/£89.76 a representative APR of 5%, the total amount payable by the member is €/£3,231.54
For a €/£3,000, 3 year variable interest rate loan with 36 monthly repayments of €/£93.50 a representative APR of 7.9%, the total amount payable by the member is €/£3,365.91
** 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.

How do I Apply for a 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 car loan.

If you are already a member of a credit union, simply contact your credit union today.
Or, 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.