Car loan

Looking for your dream car?
Pull in here first.

Member First Credit Union offers affordable car loan rates with a flexible repayment schedule. Whether you’re buying your first car or trading up, borrow from a lender you can trust.

Promotional Interest Rate of



€5k – €75k

Payments over

1-5 yrs

Monthly repayments

on your MFCU Car Loan

LOAN AMOUNT€5,000€30,000
APR 8.3%8.3%
MONTHLY REPAYMENTS (5 years)€101.36608.15
TOTAL COST OF CREDIT€6,081.48€36,488.90

Loan Calculator

Benefits of an MFCU car loan

  • No deposit required
  • Own your car from the start
  • No penalties for early repayments
  • Flexible repayment schedule
  • End to end online loan process
  • Option to include Insurance cost

HOw to apply

Apply online

Apply Online

To apply online, you firstly need to login to your MFCU account on our website or mobile app.

It is important to note that your account must have fully up-to-date proof of address and ID before applying for an end-to-end loan.

Loan Documents

Loan Documents

As part of this process you will need to upload documentation to support your application, please ensure you have your proof of ID and some recent payslips ready before continuing.

You must decide your preferred terms of the loan such as payment frequency and loan period before uploading relevant documents.

Loan Decision

Loan Decision

An MFCU loans officer will contact you by phone in regards to the application. If approved, you will then have to sign your credit agreement on your online account. 

Funds Drawdown

Funds Drawdown

Once the credit agreement is signed, the loan funds will be transferred straight into your bank account.

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How to qualify

for an MFCU Car Loan

You must be a registered MFCU member to apply for a loan with us. We welcome any new members that live, work or study within our common bond to join our North Dublin credit union today.


Do I need a deposit for a Car Loan?

No! Unlike other car finance options, we don’t require any deposit on your car purchase. You can own the car from the start and spread the cost over a loan period that suits you.

Choose between weekly, fortnightly or monthly repayments and there’s no extra charges for early repayments!

What is the difference between a Car Loan and other finance options?

PCP Car Finance is a hire-purchase agreement which means that the car buyer does not own the car until they have paid all the monthly instalments on this agreement, along with one final large payment at the end (known as the ‘balloon payment’).

A car loan is a much better idea if you’re intention is to own the car at the end of the contract. Although PCP finance seems enticing with smaller monthly repayments while in the “hire” stage of the contract, however, after this you the decide whether to make a lump sum final payment to own the car or give it back.

At MFCU, we have helped a lot of our members that chose PCP finance to pay off this large balloon payment by issuing car loans. 

Can I include my Insurance and Tax costs in my MFCU Car Loan?

Yes, you can increase the loan amount to include your insurance and tax costs.

Can I pay off my PCP balloon payment with an MFCU Car Loan?

At MFCU, we have helped a lot of our members that chose PCP finance to pay off this large balloon payment by issuing car loans. 

Our members who are faced with balloon payments are eligible for our Promotional Car Loan interest rate. This means that you can apply for a Car Loan and spread this repayment over a longer period, just like you would do with a used car loan.

Benefits of
mfcu loans

Online loans

Apply for a loan from the comfort of your home.

Reduced interest

Pay less overtime as your balance decreases.

Online Top Up

Quick Loan top up with the MFCU mobile app or desktop.

Full support

We’re always here to help. Call us or use Live Chat.

Loan protection

Built in insurance in case on extreme circumstances.
T&C apply.

THE Loan Zone

in simpler terms

1. The interest rate:

The higher the interest rate, the more you’ll pay.

2. The loan amount:

The higher the amount, the bigger the cost overall.

3. The type of loan:

We offer a reduced interest rate on our Covered Loan, but also promotional rates on our Home Improvement, Education and Car Loans.

4. The lender you choose:

Interest rates vary across lending providers. With MFCU, we provide great-value loan rates with flexible repayment options to suit the needs of our members.

we’re here to help

Click here for Car Loan Terms and Conditions.

Lending criteria, terms and conditions apply.
Member First Credit Union is regulated by the Central Bank of Ireland.

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.