Our Car Loan is a separate loan from the other loan accounts, and is there to help finance the purchase of your next car – or motorbike or caravan!
Our car loan has the same benefits as our other loans, but is available for a limited time at the rate of 4.9% APR!
Members can apply for a car loan, as long as they have been in employment for at least 1 year or have previously borrowed an introductory loan from the Credit Union. Apply to borrow between £5,000 – £25,000, and if successful we will pay directly to the dealership. No fuss!
As a responsible lender, we cannot guarantee loan outcomes; all loan applications are subject to affordability and sustainabilty checks, including credit check.
We strongly recommend applying for your car loan, before committing to any car purchase.
Why Choose Us for a Car Loan?
– We are very likely to be a cheaper alternative to car finance.
– The low, guaranteed interest rate will not change; what you see advertised is what you get.
– Secure your finance in advance of choosing your vehicle, with funds paid direct to the dealership!
– As with all our loans, interest on your loan is calculated daily on the reducing balance each month – as your loan reduces, so does the interest.
– Fixed affordable repayments from 1 to 5 years.
– No Hidden Fees – no set up fee or early repayment penalties.
– Free Loan Protection – as with our other loans, the Car Loan is covered by our free loan protection benefit (up to a maximum balance of £20,000, Ts & Cs apply)
– Easy Application -Apply online or visit us in person—whichever is easier for you!
📞 Call us at 0141 221 7474
🌐 email us at enquiries@transportcu.co.uk
🏢 Visit us at 186 Argyle Street, Glasgow, G2 8HA
If you would like to apply for a Car Loan, you can download a loan application form for printing here. If you are unable to print this off please call the office and we can post one to you. If you are local, you can always pop into our office and complete there and then.
We will also need – x2 most recent wage slips, sight of most recent, full month’s bank statement (for applications of £5,000 and over) and paperwork relating to vehicle / dealership.