At the credit union we look at things differently:

  1. Owned by you:
    Every credit union is owned by its members, the people who save with it and borrow from it
  2. Local:
    All decisions are taken at local level in the best interest of all members
  3. Member service:
    Credit unions excel in the personal service which they provide to members
  4. Straight forward:
    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
  5. Flexible:
    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.
  6. Loan protection:
    Loans are insured by the credit union’s own policy at no direct 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 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 €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 €266.55 and the total amount repayable will be €3,198.56



If you’re not already a credit union member why not join today? You’ll find your local credit union on our Credit Union Locator

For members, it’s as simple as visiting your credit union and discussing your needs. They will give you an application form to fill out.

Your application is treated in the utmost confidence and will be considered on its own merits. In deciding, whether or not to grant the loan we take into account your record of savings and loan repayments, as well as your ability to repay.

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