Car Loans

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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.

IMAGINE OWNING THE CAR OF YOUR DREAMS

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.

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.

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.

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.

Standard Loan

£1 – £9999

£5000
24 Months
£
£
£
£

Standard Loan

£10k – £40k

£15000
24 Months
£
£
£
£

*All figures given on this web site are for your general information only, and give a rough guide to loan repayments. Any statements on this web site do not purport to be authoritative or legally binding. You are advised to check with our office for up-to-date rates and offers

**Whilst every care has been made in the production of this information, it is for illustrative purposes only and to give you an overview of the potential cost of borrowing at Kilkeel Credit Union. It does not constitute a loan offer.

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For any queries you may have about our range of loans, just drop us a message and a member of staff will get back to you as quick as they can.