2021 Nissan Leaf with Zappi EV Charger
from €83.47 per week
Green
Car loan
Hybrid or full electric
Member First Credit Union offers our lowest rate for Green Loans. Help support our green initiative – hit the road with a Green Car Loan today.
Promotional Interest Rate of
5.75%
Borrow from
€25K-€75K
Spread repayments over
7 years
Loan Calculator
We plant a tree for every Green Loan!
Partnering with Cloudforests as Cool Partner #056 we plant trees and support the maintenance of their forests around Ireland.
repayment Sample
for your MFCU Green Car Loan
| Loan Amount | €25,000 | €40,000 |
| Loan Duration (APR) | 10 years (5.9%) | 10 years (5.9%) |
| Monthly Repayments | €274.42 | €439.08 |
| Total Cost of Credit | €32,930.77 | €52,689.23 |
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.
How to qualify
for an MFCU Green 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.
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
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Green Car Loan FAQ’s
How much do I need to borrow to be able to avail of the Green Car Loan rate?
You can borrow anything between €25,000 and €75,000.
Can the amount I am borrowing include the amount needed for a car charger or for car insurance and other car related expenses?
Yes, however the majority of the loan has to be for the purchase of the actual car.
What is the interest rate?
The rate is 5.75% (5.9% APR), currently our lowest rate offering.
What type of car do I need to purchase so that I can avail of the Green Car Loan rate?
This rate is only available for members who are looking to purchase an electric or a hybrid car.
How will MFCU know if I have purchased an electric or hybrid car?
MFCU will request one of the following to show that an electric/hybrid car has been purchased.
- Logbook
- Proof or purchase (to include make/model)
- Insurance schedule (to include make/model)
When will I need to provide proof I have purchased an electric/hybrid car?
You will have 6 weeks from the day you drawdown the loan to provide proof.
What happens if I don’t provide required proof I have purchase an electric/hybrid car?
There are a couple of scenarios;
- In the event no documentation has been provided but you made a payment directly to a garage or had a cheque made payable to a garage the rate will be changed to 7.99% after 6 weeks.
- If a logbook has been produced but it shows it was not an electric/hybrid car that was purchased the rate will be changed to 7.99% after 6 weeks.
- If no documentation and no payment has been made to a garage, then the rate will be changed to 10.99% after 6 weeks.
How can I apply for a Green Car Loan?
Members can apply online, over the phone or in branch.
Are there any other benefits relating to the Green Car Loan rate?
For every green loan MFCU issue, MFCU will plant a new tree in one of our community gardens.
we’re here to help
Ask us a question
Online tutorials
Give us a call
Click here for Green 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.