The way we move is changing, and at Capital Credit Union, we want to make sure you’re in the driving seat for a cleaner, greener future. Whether you’re looking to bypass the petrol station entirely or swap your commute for an electric bike, our new Eco Motion Loan is designed to make sustainable transport more affordable than ever. With a special low promotional rate, flexible borrowing, and a straightforward application process, making the switch to electric has never been easier for our members in Dublin and across Ireland.
How Much Can You Save by Going Electric in Ireland?
We understand that the current cost of living and energy crisis is weighing on everyone’s mind. Moving to an electric vehicle (EV), a hybrid, or an electric bike isn’t just a win for the environment it’s a smart, long-term financial decision that can significantly reduce what you spend on fuel and running costs every single month.
The average Irish driver can save up to 74% on transport running costs by switching from diesel to electric, according to the SEAI. Ireland’s lowest motor tax rate is just €120 per year for EVs, making the financial case for going electric stronger than ever. If you’re buying a new battery electric vehicle, you may also be eligible for the SEAI grant of up to €3,500, which your dealer applies on your behalf at the point of sale reducing your purchase price before you even approach us for finance.
To help our members make the switch, we have launched a special promotional rate of 5.55% (5.68% APR). This low-cost finance option is our way of helping you invest in a sustainable lifestyle while keeping your monthly repayments manageable and your budget intact. Not sure what your monthly repayments would look like?
Example – For a €25,000, 5-year variable rate Eco Motion loan with monthly repayments of €478.11, an interest rate of 5.55%, and a typical Annual Percentage Rate of 5.68%, the total amount payable by the member will be €28,686.37.
Use our Loan Calculator to plan before you apply. This promotional rate is available until 30th June 2026. Explore our Green Loans to see the full range of eco-friendly finance options we offer. Visit our Green Zone to learn more about how Capital Credit Union is supporting the green transition in our community.
How Does the Capital Credit Union Eco Motion Loan Work?
Loan is specifically tailored for members looking to upgrade their primary mode of personal transport. Here are the essential terms and conditions: –
- Loan Amounts: Borrow any amount from €1,500 up to €60,000.
- Promotional Rate: Avail of our special 5.55% (5.68% Typical APR) rate until 30th June 2026.
- What’s Covered: This loan is available for Electric Vehicles (EVs), Hybrid cars, and Electric Bikes. Please note it cannot be used for E-scooters.
- Maximum Term: Spread your repayments over a period of up to 7 years to suit your budget.
- Proof of Purchase: We require an official invoice from the garage or bike shop before the loan is finalised.
- Direct Payment: To keep things simple and secure, Capital Credit Union will pay the funds directly to the garage or bike shop on your behalf.
- New Borrowings Only: This promotional rate applies to new loans only and does not apply to top-up loans on existing member loans. However, if you have an existing loan, you may apply for this as a separate loan.
Not sure how much your monthly repayments would be? Use our online loan calculator to run the numbers before you apply, it takes less than a minute and gives you a clear picture of what to expect.
Ready to Make the Move? Making the switch to electric is one of the smartest financial decisions you can make in 2026. Capital Credit Union is here to help whether you’re ready to go or just have a few questions. Apply Online and get started in minutes, or Enquire Now and one of our team will get back to you. You can also call us directly on 01 299 0400 we’re happy to talk you through your options.
FAQs
1. What vehicles are covered under the Eco Motion Loan?
The Eco Motion Loan covers fully electric vehicles (EVs), hybrid cars, and electric bikes. It is not available for e-scooters.
2. Can I use the Eco Motion Loan alongside the SEAI government grant?
Yes. The SEAI grant of up to €3,500 is applied by your dealer at point of sale, reducing the total purchase price. You can then use the Eco Motion Loan to finance the remaining balance, making the overall cost of switching to electric even more manageable.
3. How long is the promotional rate available?
The 5.55% (5.68% APR) promotional rate is available on new loan applications until 30th June 2026. It applies to new borrowings only and cannot be used to top up an existing loan. However, if you have an existing loan, you may apply for this as a separate loan
4. How do I apply for the Eco Motion Loan?
You can apply online through your Capital Credit Union App or online portal, call us on 01299 0400 or visit one of our branches. Our team is on hand to help you find the right repayment plan for your budget.
