Motor Loan - 7.24% (7.5% APR) Variable - Letterkenny Credit Union Ltd.

“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.

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

Proof of PPSN (Payslip, document from Revenue or Department of Social Welfare)
Photo ID- Current Drivers licence or Passport
(For non-UK or EU nationals we also require the member’s Irish Residence Permit. The loan term should fall in line with the Irish Residence Permit Expiry)
Proof of members’ Address: A current utility bill or bank statement or letter from a government department dated within the last 6 months
1 recent receipt of any income member receives (this may include payslips, social welfare receipts, pension receipts, or if you are self-employed, we need your most recent chapter 4 notice
of assessment which has been submitted to revenue).
3 months up to date bank statements, dated as close to the application date as possible, (statements should show income and any mortgage/rent or loan payments that members have
and be no older than 3 months) *

*For lower-level applications a bank statement may not be required

If your total loan exceeds €30,000 please get in touch with the loans team and they will advise you of the documentation required

2 top-ups in 5-year period
Loan Repayments must be made via direct debit or payroll deduction or internal transfer from MYCU
Loan Term loans ≥€25,000 loan term can be extended to 7 years otherwise maximum term is 5 years.
Loans for the purchase of campervans, vans, tractors, and diggers can be included under this loan rate.
Loans to repay PCP and car finance can also avail of this rate. We will need evidence of the settlement amount and
payment must be made directly to Car Finance or PCP company in these instances.
Maximum Motor loan is €50,000

Apply in person

Should you have any queries contact our loans team

Phone: 074 91 02 126

Motor Loan Amount	Term	84 monthly Repayments	Total Amount repayable
€30,000	7 years	€456.43	€38,331.61

Representative example correct as at 20.03.23