Car Loan Benefits
Our Credit Union Car Loans come with some great benefits…
- No application fee
- Variable and lump sum repayments
- Early repayment without penalty
- No monthly account keeping/service fees
- Loan Protection Insurance available
- Automatic repayments (salary/account)
- No loan interview
No application fee
Some institutions charge a fee upon application. We don’t. (Please note however other charges may apply at settlement).
Variable and lump sum repayments
By contributing any extra income to your loan, in addition to your usual repayments, you are able to pay off your loan sooner and therefore you could save thousands of dollars in interest costs.
Early repayment without penalty
The earlier you pay off your loan the more money you save in interest charges. Some institutions charge a fee to help recover their lost interest. However, we don’t charge for this service.
No monthly account keeping/service fees
Unlike some other institutions, we do not charge any account keeping or service fees on our loan accounts, saving you money.
Loan Protection Insurance available
Loans are long term commitments, so it makes sense to protect your repayments. Learn more about our Loan Protection Insurance.
Automatic repayments (salary/account)
You can arrange to make automatic repayments either by payroll deduction, direct debit from your savings or transaction account, Internet or Phone banking. Setting up automatic repayments saves you time and enables you to avoid any late fees.
No loan interview
Submitting a loan application couldn’t be simpler. You can apply online today and receive approval within 24-48 hours. No need to visit the branch for a loan interview.
Apply for a Car Loan
If you have any questions, please contact us