Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Credit Union loans (car loans )

  • 04-08-2010 2:52pm
    #1
    PEACEBROTHER
    Registered Users, Registered Users 2 Posts: 1,152 ✭✭✭


    Just wondering guys do credit union do car loans to new members or do you have to be member for certain amount of time ?
    Also do they only give certain amounts or is there minimum or maximum ?
    And yes im new to boards :D:D:D:D:D:D:D:D


Comments

  • #2
    ethernet
    Registered Users, Registered Users 2 Posts: 3,568 ✭✭✭ethernet


    I think you need to have an account with them for a few weeks. Obviously it'll help if you had a loan with them in the past.

    AFAIK, you can borrow up to 3 times your account balance.

    Open to correction on this though.


  • #3
    biko
    Registered Users, Registered Users 2 Posts: 81,220 ✭✭✭✭biko


    Galway City -> Banking


  • #4
    bills
    Registered Users, Registered Users 2 Posts: 952 ✭✭✭bills


    Best advise is to contact your local credit union so you get accurate information


  • #5
    dlambirl
    Registered Users, Registered Users 2 Posts: 2,062 ✭✭✭dlambirl


    Yes, each credit union is independent and have their own rules regarding lending. Some will lend 3 or 4 times the savings in the account, some will require you to show 3 months constant savings, with some a lump sum deposit will suffice, also if it is your first loan they will most probably require a guarantor who has to have an account with the same branch and enough savings in their account to cover your loan.
    Your best bet is to ring your local credit union and ask them.


Advertisement