Car Loan

Car Loan

Own your own car from day one with a loan from us.

Loan Application Process

How to Apply for a loan with Inishowen Credit Union!

1

Become a Member

Once you are living or working within our common bond you are eligible to join us today and start borrowing.

2

Calculate your Loan

Estimate how much you could borrow and calculate your repayments: weekly, fortnightly or monthly using our online.

3

What do you need?

Find out what documents you need when applying for a Car Loan with us in advance.

4

Apply for Loan Online

Apply for your loan from the comfort of your home. Applying for a loan is easy and quick. Apply now!

 

Loan Calculator

Apply for a loan with interest rates that suit you!

Maximum Loan Amount :
Maximum Loan Term :

€

Term

Repayment Frequency
€
APR
10.47%
# Repayments
Total
Apply for Loan
€
APR
10.47%
# Repayments
Total
Apply for Loan
€
APR
10.47%
# Repayments
Total
Apply for Loan
€
APR
10.47%
# Repayments
Total
Apply for Loan

This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.

Representative Example

The example will help to show you the typical costs associated with a loan

Loan Amount

€20,000

Rate of interest - APR

7.76%

Loan Term

5 years

Total interest

€3,982

Weekly Repayment

€92

Total Cost of Credit

€23,982

 

What do you need

Find out what you need when applying for a loan below

What you need when applying for a loan

  • A fully completed loan application form to be accompanied by 3 months current bank statements and proof of income. We then require proof of purchase of car after loan has been issued, log book or invoice.
  • You can email documents to loans@inishowencu.ie (pdf versions are preferred).
  • Photographic ID and Proof of Address may be required, if advised by staff. All loans are subject to approval.
  • AIS (online banking) Speed up your application by signing up for opening banking. This will authorise us to view your bank statements instantly. No need to wait for bank statements from your bank.

What you need when applying for a loan if you are self employed

  • A copy of 2 years recent accounts filed with the Revenue Commissioners.
  • Tax letter issued by the Revenue Commissioners for the most recent tax year.
  • Signed form 11 for the most recent tax year.
  • Business and personal bank statements for the previous three months ending in the month prior to the loan application.

Our Approval Rate

We aim to provide a high quality lending service to our members so you can trust in your Credit Union for your lending requirements.