What Is The L.O. Auto Loan?
L.O. Auto Loan (Limited Offer)
This is a limited offer, discounted auto loan rate available when borrowing €20,000 or more (for a non EV). By financing with a low rate credit union loan, you can own your own car from day one. There's no mileage limits, balloon payments or hidden charges. Our members can avail of this discounted rate until 31/01/2025.
Interest rate 4.84% (4.95% APR*).
Minimum Value €20,000.
Repayments to suit you - Weekly, Fortnightly or Monthly.
Rate is available when availing of our e-Signature facility with pay-out directly to your current account and repayments agreed to be made by direct debit or standing order.
Loan Application Process
We're here to help with your application from start to finish.
Become a Member
If you’re not already a member, join today. New members can apply for a loan straight away.
Calculate Your Loan
Use our handy online loan calculator to see the repayment amount and total cost for the loan you require.
Apply For A Loan Online
It’s easy. Complete your application anywhere, anytime and upload your supporting documentation through the app or online.
Sit Back And Relax
That’s it, you’re done. As simple as that! Our lending team will review and will be in touch shortly. Keep an eye out on your phone over the next couple of days, our calls will come from an 062 or 0818 number.
Loan Calculator
We offer low cost loans tailored to suit you.
Maximum Loan Term :
4.95%
4.95%
4.95%
*APR = Annual Percentage Rate. All loans offered are at variable rates. The loan calculator is for illustrative purposes only, so as to give you, the borrower, an overview of the potential cost of borrowing. Total cost of credit is total repayable minus amount borrowed. Loans are subject to approval. Terms and conditions apply. Whilst every care has been made in the production of this web page, Affinity Credit Union, or any of its staff, cannot be held responsible for any omissions, errors or other mistakes made. 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.
The Supporting Documentation Required
To apply for an auto loan we will ask for proof of your income and a copy of your bank statements.
Submit your bank statements simply and securely by selecting 'Connect Accounts' and upload proof of your income using the Document Upload facility in Online Banking or on our Mobile App. Alternatively, you can e-mail supporting documentation to loans@affinitycu.ie
Apply NowProof of Income
Emloyed (PAYE)
- 3 most recent payslips
In receipt of social welfare
- 3 most recent receipt slips from the post office or bank statement if payment is lodged directly to your bank account
Self Employed
- 3 most recent years sets of accounts
- A form 11 for each of those years
- Confirmation of tax position
- 6 months up-to-date bank statements from business a/c(s)
Bank Statements (must be up-to-date)
A 3 month personal bank statement for each current account operated in your name is required.
NEW: When applying online or on the mobile app, simply select 'Connect Accounts' to submit your bank statements. This enables the loans officer to view your bank statements instantly, thus reducing the wait time for your loan application to be assessed
Note: Additional information may be requested
Apply NowThe Benefits Of Borrowing From Us
Take advantage of the low interest rates we offer to our members.
No mileage limits, hidden fees or balloon payments required.
We operate a free-to-member Loan Protection Benefit covering eligible members' loan balances on death.
Build your credit history as you make loan repayments.
You can prepay and overpay without penalty
Borrow from your local trusted Credit Union who are here to help.
Loans FAQs
Have a question? Check below to see if it is answered in our Frequently Answered Questions.
You can apply to borrow as much or as little as you need. The maximum unsecured loan Affinity Credit Union will lend to a single borrower is €75,000 and the minimum amount is €100 (dependent on loan purpose). Loan decisions are based on affordability, taking into account your income and expenditure, and your credit history.
Once you have the minimum €10 balance in your shares, you can apply for a loan. When the loan is being assessed, the loans officer may ask you to lodge additional funds into your shares account to be held as collateral against the loan. As a guideline, this may be between 2-5% of the loan amount requested.
Yes, there is no need to wait until your existing loan is completed. Our top-up facility allows members to apply for a new loan while having an existing loan balance.
This varies depending on the loan amount requested and the purpose of the loan. With all loan applications, we will ask for proof of your income. This would usually be in the form of payslips, proof of social welfare income (copy of post office receipt or bank statements showing lodgements) or proof of self-employed income. Bank statements and other supporting documentation may also be requested. Details can be found on the individual loan pages - Explore all Loans.
Our centralised lending department is optimised for quick loan decisions. Loans are approved daily. Once we have received all required supporting documentation, we will process your application as quick as possible. The sooner we receive your documentation, the quicker we can approve your loan application!
