Loans

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Car Loan

We've got the car loan for you

If you’re looking for a Car Loan up to €15,000 we have a range of flexible options for you. Lending criteria terms and conditions apply.

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For Hire Purchase* of €7,000 or more, click here.

*Please note that Hire Purchase is not regulated by the Central Bank of Ireland

Features icon

Features

  • Car Loans up to €15,000
  • Discounted variable rate for online and phone applications (only Bank of Ireland customers can apply online)
  • Choose to repay over 1 to 5 years
  • Defer your first three monthly repayments (optional, only if your loan is repaid monthly).  By deferring the first three monthly repayments you will pay more than if you paid over the standard term.
  • Quick and easy online application for Bank of Ireland customers. Non-Bank of Ireland customers can call us on 0818 200 334 or drop into a local branch.
  • Money paid directly to your account
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Rates

Get a quick quote for a car loan

A variable rate loan from Bank of Ireland gives you greater flexibility.

Discounted variable rate of 11.5% APR (online and phone applications only)

APR stands for Annual Percentage Rate

Variable rates - Online / Phone

Amount Term Variable APR Monthly Repayment Total Repayable Total Cost of Credit
€15,000 60 months 11.5% €325.39 €19,523.40 €4,523.40
€10,000 60 months 11.5% €216.93 €13,015.80 €3,015.80
€5,000 60 months 11.5% €108.46 €6,507.60 €1,507.60
€1,000 60 months 11.5% €21.69 €1,301.40 €301.40

Variable rates - Branch

Amount Term Variable APR Monthly Repayment Total Repayable Total Cost of Credit
€15,000 60 months 12.8% €334.63 €20,077.80 €5,077.80
€10,000 60 months 12.8% €223.09 €13,385.40 €3,385.40
€5,000 60 months 12.8% €111.54 €6,692.40 €1,692.40
€1,000 60 months 12.8% €22.31 €1,338.60 €338.60

Other things you should note:

Lending criteria terms and conditions apply. Applicants must be aged 18 years or over.


Variable rates are correct as at 21st January 2014 and are subject to change. Fixed rates are available on request only.


Only Bank of Ireland customers can apply online. Non-Bank of Ireland customers can call us on 0818 200 334 or drop into a local branch.


The online / phone discounted rate is not available for applicants who wish to restructure an existing Bank of Ireland loan or clear Bank of Ireland credit card/overdraft debt, as such applications can only be processed through their account holding branch and cannot be completed via our online or phone channel.


For loans over €65,000 please visit your nearest branch.


Please note, when applying for a loan you may be required to supply anti-money laundering documentation e.g. a driver’s license.

The repayments on a typical personal loan of €7,000 over 5 years are €151.85 per month based on an online / phone variable rate of 11.5% APR. The total cost of credit is €2,111.00.

The rates quoted are correct as at the 21st January 2014 and are subject to change. Fixed rates are available on request only.

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.
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Fees and Charges

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Terms and Conditions

*To read these files you will need the Adobe Acrobat Reader, which is available free of charge from Adobe's Website. Download PDF reader.

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Quick Calculator

Disclaimer

This calculator is provided as a guideline only. The information on the quotation is indicative and does not constitute a loan offer. Rates are correct as at 25th August 2011 and are subject to change.

* The 1% discount rate is not available for applicants who wish to restructure an existing Bank of Ireland loan or clear Bank of Ireland credit card / overdraft, as such applications scan only be processed through their account holding branch and cannot be completed via our online channel. Lending criteria and Terms and Conditions apply.

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