Our Cashback Car Loan is coming to an end
If you are planning to upgrade your car with a new or used car you can continue to avail of the cash back offer until 31st January 2026.
You can still avail of our Cash Back Car Loan until then by simply applying for a car loan and we will give you a lump sum back on draw-down that you can put towards your car tax or insurance. The cash back amount will depend on how much you are borrowing.
Borrow* | Cashback amount on drawdown |
€3,000 - €6,000 | €250 |
€6,001 - €10,000 | €400 |
€10,001 - €20,000 | €750 |
€20,001 upwards | €1,000 |
Why would I take a credit union loan when I can get a lower interest rate or payment from a garage?
It's true that the credit union can't compete with the garages on interest rate. We also don't provide PCP (personal contract plans) agreements where you lease the car for 36 months (but don't own it) and then need to change the car for a new agreement or pay a large balloon payment to own the car at the end of the 36 months.
However, we can offer other things which garages cannot. You should consider these when making your decision before you buy the car.
- You will own the car from day one.
- With credit union loan pre-approval, you can negotiate a cash price for your new car
- There are no lump sum deposits or balloon payments at the start or end of your credit union loan
- We have no admin fees, set up charges or close out charges on our loans. Absolutely no hidden fees.
- You have the option of paying more off your loan to clear it down early and save money on interest, with no penalty.
- Your loan is fully covered by loan protection insurance at no extra cost to you (subject to T&Cs). For more information on this insurance, click here.
- Cash Back applies only to car loans of €3,000 and above
- The loan term must be for a minimum of 3 years (36 months)
- The cash back amount is only provided in year 1 on draw-down of the loan
- The loan application is subject to our usual underwriting criteria
- It you already have an existing loan; the cash back is only provided on the top up portion of the loan.
- The loan is issued at our standard variable interest rate of 9.49% (APR 9.91%)
To apply simply complete a loan application form or apply through online banking or your mobile app. You can either send in or upload 3 recent payslips or social welfare slips and three months current bank statements or link your bank account to the loan application for bank statements only, using the new open banking facility. We aim to have a decision within 24 hours when all paperwork has been provided. If you have any questions, please give us a call at 0818 297 007.
Loan Calculator
Maximum Loan Term :
9.91%
9.91%
9.91%
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
Car Loan
Loan Amount€10,000 | Loan Term5 years | Rate of Interest - APR9.91% |
Weekly Repayment€48 | Total Interest€2,558 | Total Cost of Credit€12,558 |
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Joining the Credit Union is the best decision you could take for your money. Lucan District Credit Union currently has over 16,500 active members and is growing. New members are always welcome.
