Car Loans

This loan is for you if:

  •  you are looking to purchase a vehicle priced between £5,000 and £15,000 or
  • you are reaching the end of a Personal Contract Plan and you need to make a balloon payment in excess of £5000 and
  • you work for an employer (see the list below) who will send us the loan repayment direct from your salary or stipend or
  • you receive a pension from a previous employer who will send us the repayment direct from your pension
 
 
Use the sliders below to select the amount and term and calculate the repayments on a Car Loan.

Select how much you wish to borrow

£

Select how long you wish to borrow the money for


Months
Once you have selected the amount you would like to borrow, the results will appear below.

Your Loan Details

monthly payments of: £

Total repayment: £

Total interest: £ (APR: %)

Click for Loan Application Form

We will also need you to send in your most recent bank statement showing at least one month’s transactions and proof of your income, if you regularly use more than one bank account please provide statements for those accounts, too. You can send us your form and supporting documents by email to Loans@cmcu.org.uk.

BEFORE YOU APPLY

Car loans must be used to purchase a vehicle (not always but usually a car) and we will ask you to provide proof of purchase within 28 days of the loan agreement.

We do not require information regarding the vehicle you intend to purchase but we do advise you to buy wisely, obtain an HPI check and use a reputable dealer. Credit Union car loans are usually made over four years and you should expect the vehicle to be roadworthy for the length of the term.

The following employers are currently part of the payroll deduction scheme:

  • Methodist Connexion
  • Methodist Ministers
  • Church of England Church Commissioners
  • Church of England NCIs
  • Church of England Pensions Board
  • Church of Scotland
  • Crossreach
  • Church in Wales
  • United Reformed Church
  • RC Diocese of Westminster

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Registered Address

3 Beaufort Buildings, Gloucester, GL1 1XB

Call Us

01452 500 463 (9.30am -1.30pm)

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