Car Loan
Get on the road with confidence
Whether you’re buying new or used, our car loans offer competitive rates, flexible repayments, and a simple application process to help you drive away sooner.
- APR 9.92%
- Borrow from €5k – €75k
- Maximum Term 6 yrs
Loan calculator
Find a car loan that fits your budget
Car Loan
Repayment summary*
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Weekly €0.00
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Fortnightly €0.00
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Monthly €0.00
*Terms & Conditions Apply: All figures given on this website are for your general information only, and give a rough guide to loan repayments. Any statements on this website do not purport to be authoritative or legally binding. You are advised to check with our offices for up-to-date rates and offers.
Data Protection Notice
The personal information provided by you to Mallow Credit Union Limited on this screen will be held and used solely for the purpose of contacting you as requested and will not be retained for any other purpose.
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We aim to respond within 5 working days.
Reference:
Why choose a car loan with Mallow Credit Union?
- No Hidden Fees
- No Penalties For Early Repayment
- No Balloon Payments
- Free Loan Protection Insurance
- Own Your Car Outright
How to apply
Four simple steps
to apply for your loan
We’ve made the application process as straightforward as possible — most members are approved within 24 hours.
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Become a Member
Become a memberTo apply for a loan, you first need to be a member of Mallow Credit Union. Joining is simple and gives you access to a range of financial services designed to support you.
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Calculate your loan
Calculate your loanUse our loan calculator to see your estimated repayments. Choose your loan amount and term, and the monthly cost updates instantly so you can plan with confidence.
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Start your application
Once you’re a member, you can begin your loan application online, in-app, or in branch. You’ll be asked to provide some basic details along with supporting documents such as proof of income and identification.
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Approval and next steps
We’ll review your application based on your ability to repay. If approved, we’ll confirm your loan details with you and arrange for the funds to be paid directly into your account.
What you’ll need
Everything you need
to apply
We’ve made the process as simple as possible. With a few key documents and some basic information, you can apply with confidence knowing our team is here to guide you every step of the way.
Documents & Outgoings
- 3 months bank statements (most recent)
- Credit card statement (if applicable)
- Mortgage statement (if applicable)
Proof of Income
- Employed – 3 most recent payslips (if applicable)
- Self-Employed – Most recent set of accounts and latest tax returns OR Notice of self-assessment
- Social Welfare – 3 most recent payment receipts (if applicable)
- Retired – Proof of all pensions
Identification
- Valid Photo ID – Drivers Licence/Passport
- Proof of Address – Utility Bill, Bank Statement dated within the last 6 months
- Proof of PPSN – Medical Card, Payslip, P60
Car loan
Lending criteria
Maximum Term
The maximum term available on our Car Loan is 6 years.
Ability to Repay
It is our responsibility to all members to ensure that we only lend members’ money to other members when it has been established that there is an ability to repay the loan. A borrower must be able to afford the loan repayments, including interest, over the full duration of a loan.
Free Loan Protection Insurance*
*Provided by the Credit Union to eligible members.
FAQs
Got a question?
We’re here to help
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Can I repay my car loan early?
Yes, absolutely. You can repay your car loan early at any time, with no early repayment fees or penalties. This gives you the flexibility to clear your loan ahead of schedule, reduce the overall amount of interest you pay, and enjoy the peace of mind that comes with being debt-free sooner. If you are considering making an early repayment, our team will be happy to discuss the options available to you.
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Do I need to have savings to apply for a car loan?
You do not need to have savings with Mallow Credit Union, or with any other financial institution, to apply for a loan. Every application is assessed on its own merits, with careful consideration given to your overall affordability. As part of our lending process, we review your income and outgoings to ensure that any loan approved is suitable and manageable for your individual financial circumstances.
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How long does it take to get approved?
Once we have received all required documentation and information, your loan application will be assessed within 24 hours. Our aim is to provide a prompt and efficient decision-making process, ensuring you receive a response as quickly as possible and can move forward with confidence. If any additional information is required, a member of our team will be in touch to assist you.
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How much can I borrow for a car loan?
It is our responsibility to all members to ensure that we only lend members’ money to other members when it has been established that there is an ability to repay the loan. A borrower must be able to afford the loan repayments, including interest, over the full duration of a loan.
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What documents do I need to apply?
Outgoings
- 3 months bank statements (most recent)
- Credit card statement (if applicable)
- Mortgage statement (if applicable)
Proof of Income
- Employed – 3 most recent payslips (if applicable)
- Self-Employed – Most recent set of accounts and latest tax returns OR Notice of self-assessment
- Social Welfare – 3 most recent payment receipts (if applicable)
- Retired – Proof of all pensions
Identification
Proof of PPSN – Medical Card, Payslip, P60
Valid Photo ID – Drivers Licence/Passport
Proof of Address – Utility Bill, Bank Statement dated within the last 6 months
WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
Start application
Ready to apply?
Become a member
Visit us in person at one of our
8 local branches.
Find a branch
Visit us in person at one of our 8 local branches.
Contact
Need to speak to someone? Our team is on hand to help by phone, email, or in person.