If you're thinking about a new or used car, a loan could help you spread the cost of your purchase.
We'll take your circumstances and loan amount in to account to offer a personalised car loan rate.
It's easy to apply online. You can get a quote at the start of your application and then decide if you want to take out a loan or not.
You could get your loan funds on the same day if you apply online, are unconditionally accepted and sign your loan documents before 5.45 pm Mon – Fri. Sometimes we need to contact you for more information, so it can take a little longer.
To apply for a loan online, you must be 18+ and a resident with a Ednites Credit Union current account (held for 3+ months).
£7,500
0 months
£137.55
£8,253.00
3.9
3.9
The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR. We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This means you're not guaranteed to get the rate you see in the calculator.
If you're planning on switching to a electric vehicle, read our EV guide first. From helping you decide if a EV is right for you, to a home charging point offer from Octopus Energy, it could help you make the right decision.
You can also get helpful tips that could save you money and help save the planet too, on our climate change hub
It’s easy to focus on the car price, but you might also want to set aside some of your loan to get your car ready for the road. Keep in mind:
For more information read our guide to buying a car.
Ednites Credit Union receives a fee from Octopus Energy for customers it introduces to them that subsequently purchase products or services from Octopus Energy. This fee is passed onto you as a thank you for your climate efforts.
When you apply for a loan, based on your circumstances, we might give you the option to defer your first repayment.
You can find out how likely you are to be approved for a personal loan at the start of your loan application.
We'll show you how much you may be able to borrow, your personalised interest rate and monthly payments.
Great news, there's no impact on your credit score.
There are lots of choices when it comes to borrowing money.
You can use our borrowing options tool to help you figure out what type of lending will best suit your needs.
Before you apply, we need to check you're happy with a few things.
It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.
