Your eligible deposits with Methodist Chapel Aid Ltd are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the £85,000 limit are unlikely to be covered.

Please click here for further information or visit www.fscs.org.uk.

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Car loans

Car loans to Methodist presbyters and deacons

At MCA we provide car loans to assist Methodist presbyters and deacons in carrying out their duties.

Applications are invited from any Methodist presbyter or deacon (including probationers) who is resident in Great Britain and full time on station.

The benefits of MCA car loans

Size of loan

  • for new cars up to £12,000 repayable over a period of up to 4 years
  • loans are available for used cars which are less than 2 years old and with under 30,000 miles
  • the loan will be up to 90% of the price of the car to be purchased

Repayment of loan

  • by deduction of equal amounts from monthly stipend for the period of the loan

When to apply

  • as soon as possible. Some preparatory steps can be taken even before a particular car is identified
  • we will act promptly in giving both an initial response and a firm decision

Interest rate on car loans

5.00%APR fixed for the entire period of the loan

A discount of 0.5%APR will apply where the loan is to purchase a vehicle in government bands A to F for CO2 emissions (see carfueldata.direct.gov.uk/).

 

Enquire about your car loan

Leave your details below and our friendly team will get in touch.

Or you can also contact us at: 1 Telford Terrace, Albemarle Road, York, YO24 1DQ
Tel: 01904 622150 | Fax: 01904 672727 | E-mail: info[AT]mcafundingforchurches[DOT]co[DOT]uk

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