5 Reasons to get a Car Loan from 1CU

Have you been toying with the idea of purchasing a new car?

Well, before you rush to the bank or your nearest car-dealer and purchase a finance deal, here are 5 reasons why you should consider a car loan from First South Credit Union (1CU).

No Hidden Fees

At 7.98%(APR) our car loan rate is lower than many of the banks and best of all, there are no balloon payments at the end.

You Own The Car

From day one you will own your car outright. This is unlike a car-finance deal where you are essentially renting your car until the final payment, which means that they can re-possess the car should you miss your payments. You won’t have that stress with a Car Loan from 1CU.

Award-Winning Customer Service

Speaking of stress, if you find yourself struggling to make your repayments, we have a friendly Credit Control Team who are always willing to work with you in times of difficulty. At 1CU we are friendly, personal and local and with our wonderful staff always on hand, in-branch, via email or on the phone, you never need to go out of your way to reach us.

No Penalties For Early Repayments

Another great benefit of borrowing from 1CU is the freedom to clear your loan early with no extra charges or penalties. And because we only charge interest on the remaining balance, the quicker you pay, the less you pay.

No Minimum Savings Balance Required

As our loans are no longer based on your savings (share balance) but based on your ability to repay your loan, you can apply for your loan the same day you open your account. And once the supporting documentation has been received, we aim to give you an answer in 24-48 hours.

Lending criteria, terms and conditions apply. First South Credit Union Ltd. is regulated by the Central Bank of Ireland. 

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