Car Loan

Are you looking to buy your dream car? Do you need to buy a car for your work? Or are you looking to get a vehicle that is exempt from the Ultra Low Emissions Zone? 

If the answer is yes, then our Car Loan may help you. 

Borrow up to £8000 over 48 months at only 10.5% APR.

If you borrow the maximum you will only re-pay £202.91 every month with only £1,739.13  as the total interest on the loan. 

Ultra Low Emissions Zone

With the ULEZ the Car Loan can save you over £3000 per year in fees, by upgrading your vehicle! This means that over 4 years you would save over £4000 by borrowing the maximum of the Car Loan.

INFORMATION

This loan is open to members who have been saving for over 3 months.  This loan is not linked to members' savings.

Loan Details:

• Borrowing Limit: Up to £8,000
• 10% Interest Rate (10.5% APR)
• Repayment Period: Up to 4 years
• £202.91 per month repayments
• Total interest payable £1,739.13
• Open to members who have been saving with us at least 3 months

• Save a minimum of £30 per month (regular savings) + £30 in car savings. This means: save in total a minimum of £60 per month.
• 2 Most recent monthly transactional bank statement
• Most recent 2 month's payslip(s)
• Log book to be presented 2 months after receipt of loan (If it's not presented, interest increases to 26% APR)

To apply for this loan please click here