Greenify Car Loan
Greenify Car Loan
Greenify Car Loan 5.5% (5.6% APR)
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Donore Credit Union is a part of Greenify, a nationwide initiative designed to help members take meaningful climate action. The Greenify Car Loan is available for Electric Vehicles. This includes fully electric cars, plug-in hybrids (PHEVs), EV chargers, electric motorcycles and electric bikes.
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Notice About Hybrids
Please note: The Greenify Loan is available for plug-in hybrid vehicles, also known as PHEVs. However, if the vehicle is a standard hybrid, sometimes referred to as a “self-charging” hybrid or HEV, and does not have a plug-in option, it would instead qualify for our regular (previous) Green Car Loan rate of 6.5%, (6.7% APR). For more information or to check which rate may apply, please contact the office.
Representative Example: Greenify Car Loan
Loan Amount
€30,000
Rate of Interest - APR
5.6%
Loan Term
5 Years
Total Interest
€4,383
Monthly Repayment
€573
Total Cost of Credit
€34,383
Loan Calculator
Maximum Loan Term :
5.6%
5.6%
5.6%
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
Donore Credit Union is regulated by the Central Bank of Ireland. Loans are subject to approval. Terms & Conditions Apply.
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.
Electric Vehicle Grant Information
The process usually begins by choosing the make and model of electric vehicle that suits your needs. SEAI’s comparison tool can help you compare options.
Once you have selected a vehicle, you can visit a dealer for a test drive and to ask any questions about the car’s features, performance or specifications.
When you decide to purchase, the dealer will apply for the grant on your behalf, and the grant amount will be deducted from the agreed purchase price of the new electric vehicle.
Driving an electric vehicle can help reduce transport costs compared with a similar new diesel engine car. According to SEAI, EVs can offer a 74% reduction in transport costs. Electric vehicles can also qualify for the lowest rate of motor tax, currently €120 per year.
The Electric Vehicle Home Charger Grant is a government-funded support that helps homeowners and residents with the cost of installing an electric vehicle charging point at their home. The grant can provide up to €300 towards the purchase and installation of a home charger. To qualify for payment, the installation must be completed by a Safe Electric Registered Electrical Contractor.
The ICE2EV Scrappage Scheme is designed to encourage drivers to replace older petrol and diesel cars with new electric vehicles.
People with petrol or diesel cars registered in 2013 or earlier may be eligible for grants of up to €8,500 towards the purchase of a new electric vehicle.
The scheme has a total budget of €10 million and will close once the available funding has been fully allocated.
See more about SEAI Windows & Doors Grants by Clicking Here
Benefits of Borrowing From Us
We offer loans ranging from €150 to €100,000
You can easily apply for a loan in-person at the office or directly through the website or mobile app.
No early repayment fees and no hidden fees or charges.
Repayments are flexible and tailored to suit the individual borrower's needs.
Interest is charged only on the outstanding reducing balance
Loans are based on the ability to repay and not only on savings in the Credit Union.
Loan Protection Insurance is free for members (subject to T&Cs)
You can have more than one loan at the same time
Please note that all loan applications will be subject to a CCR (Credit Report) check.
Loans are subject to approval, Lending Terms & Conditions Apply. Warning: If you do not meet your repayments on your loan, your account will go into arrears. This may limit your ability to access credit in the future. Donore Credit Union Limited. is regulated by the Central Bank of Ireland. Reg. No: 133CU.
