Top

Motor Loan – 7.24% (7.5% APR) Variable

Motor Loan – 7.24% (7.5% APR) Variable

“Own your car straight away

– no balloon payments, no mileage restrictions!”

Whether it’s time for a new car, an upgrade, or your own set of wheels, talk to us about our competitive car loan now.

With an easy application process, fast approval and flexible repayment options you could be driving away with a new car in a matter of days.

 

Why choose a Letterkenny Credit Union Car Loan?

  • You own the car outright from the beginning
  • No hidden costs or administration fees
  • No penalty for early payback, you can pay the loan off early or make lump sum payments with no additional charges
  • Free life cover on your loan (subject to terms & conditions)
  • Low-Cost Loan- affordable loans
  • Repayments to suit you – weekly, fortnightly, 4-weekly or monthly
  • Fast and efficient service

 

All we require is:

  • Proof of PPSN  (Payslip, document from  Revenue or Department of Social Welfare)
  • Photo ID- Current Drivers licence or Passport
  • Proof of your address dated within the last 6 months: A current utility bill or bank statement or government letter
  • 1 recent receipt of any income you receive (this may include payslips, social welfare receipts, pension receipts).
  • If you are Self Employed please contact the loans team on the number below and they will advise what documentation is required
  • 3 months up to date bank statements, dated as close to the application date as possible, (your statements should show your income and any mortgage/rent or loan payments that you may have and be no older than 3 months)
  • A fully completed loan application form

 

Term & Conditions

  • The maximum motor loan is €50,000
  • Applications are open to all members of Letterkenny Credit Union Ltd.
  • 2 top-ups in 5 year period
  • Repayments must be made via direct debit or payroll deduction

 

Should your total loan exceed €30,000 please contact the loans team on the number below and they will advise if any additional documentation is required

 

APPLYING FOR YOUR LOAN IS EASY

Apply through your cu online members area

Apply through the Letterkenny Credit Union App

Apply in person

 

CONTACT DETAILS OF LOANS TEAM

Should you have any queries contact our loans team

Email: Loans@letterkennycu.ie

Phone: 074 91 02 126

 

REPRESENTATIVE EXAMPLE

Motor Loan Amount Term 60 monthly Repayments Total Amount repayable
€25,000 5 years €497.88 €29,871.25

Representative example correct as at 02.06.2020

 

Warning: 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.

>>> LOAN CALCULATOR <<<