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Chance of a loan of the credit union

  • 15-04-2014 2:08am
    #1
    Registered Users, Registered Users 2 Posts: 488 ✭✭


    Need to get a new car asap, and the only way possible is a loan?
    Ive no savings but have an account in the credit union. I want a loan of 1000 to pay back weekly over a year! I can afford this but I am wondering would the credit union give me a loan?

    Someone told me before if you have one third of what u want in your account they will give you a loan!


Comments

  • Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    The whole foundation of credit unions is savings *and* loans, not just loans. Generally, they will want to see you save with them, before they lend to you. Even then, your first loan will generally be smaller than your savings.


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