You know the old saying... if it looks too good to be true!

THERE’S a lot to be said for simplicity. For not being confused or worrying about the small print or the hidden details. Take buying a car. It used to be easy. You decide which car you want to buy, you find out the cost of buying it and then work out if or how much you need to borrow to pay for it. Simple. Now car dealerships can officer Hire Purchase or PCP (Personal Contract Plans) when looking to make a purchase but as they say the devil is in the detail! With Drogheda Credit Union loans its very straight forward…..

Why use Drogheda Credit Union for your Car Loans?

• Unlike a PCP or Hire Purchase you own the car from the outset

• You can sell the car on at any time

• You can borrow for the full amount

• There are no hidden fees, admin charges, transaction charges, set up costs or balloon payments

• The interest you pay on a credit union loan is the full cost of the loan so it is fully transparent

• Credit union interest rates are fair and reasonable and capped by law

• Repayments are calculated on your reducing balance, so you pay less interest with each repayment

• our credit union loan is insured in the event of your death - subject to terms, conditions and eligibility criteria - at no direct cost to you.

• You can pay off your loan early, make additional lump sum repayments or increase your regular repayments, without a penalty. Other lenders may charge you extra for paying them back faster!