Upgrading to an electric or hybrid plug-in vehicle can reduce your motoring costs while also being kinder to the environment.
If you decide to make the change there are already grants available to make it more affordable. You can find details on the Sustainable Energy Authority of Ireland’s website*.
You may also be able to avail of our Green car loan rates.
Key Features:
- Variable rate of 6.50% APR1
- Amounts from €2,000 – €65,000
- Loan terms from 1 to 7 years
- Flexible repayment options – clear your loan early and pay less interest
- Option to defer first 3 months’ repayments 2
- No need to hold any savings against your loan
- It will be necessary to provide a detailed quotation or invoice from the seller outlining that your car is either a battery powered electric vehicle or a plug in hybrid vehicle
- Please ensure that:
- The name of the garage/seller is included on the quotation
- The car type being purchased is clearly outlined
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, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
Warning: The cost of your monthly repayments may increase.
*Bank of Ireland is not responsible for the information on third party websites