Car Loan

Car loan

We've got the car loan for you

Thinking of buying a car? With a variable rate loan from Bank of Ireland you have the option of making extra repayments and clear your loan early. Lending criteria terms and conditions apply.

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

Features

  • Competitive variable rates from as little as 7.5% APR*
  • Choose to repay over 1 to 5 years
  • Borrow between €300 and €65,000 
  • Defer your first three monthly repayments (optional, only if your loan is repaid monthly)** 
  • Money paid directly to your account

APR stands for Annual Percentage Rate

 * Rates depend on your individual circumstances and may differ from advertised APR. Over 18 years and existing Bank of Ireland current account customers only. Lending criteria, terms and conditions apply; rate is dependent on previous account performance and is not available to students.

Where applicants do not meet this criteria, our standard variable rate of 11.5% APR will apply to online and phone applications and a variable rate of 12.8% APR to in-branch applications. 

The repayments on a 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 repayments on a personal loan of €7,000 over 5 years are €156.16 per month based on branch variable rate of 12.8% APR. The total cost of credit is €2,369.60. 

**By deferring the first three monthly repayments you will pay more than if you paid over the standard term

Rates

 

Get a quick quote for a car loan

Competitive variable rates from as little as 7.5% APR*

APR stands for Annual Percentage Rate

How much can I afford to borrow? To give you an idea, the table below provides an example of varying loan amounts over a five year period at a rate of 7.5% APR. 


Where Applicants do not meet this criteria, our standard variable rate of 11.5% APR will apply to online and phone applications and a variable rate of 12.8% APR to in-branch applications.
*Rates depend on your individual circumstances and may differ from advertised APR. Over 18 years and existing Bank of Ireland current account customers only. Lending criteria, terms and conditions apply; rate is dependent on previous account performance and is not available to students.

The repayments on a 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 repayments on a personal loan of €7,000 over 5 years are €156.16 per month based on branch variable rate of 12.8% APR. The total cost of credit is €2,369.60. 


Variable rates are correct as at 18th June 2015 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.

Applicants who wish to borrow over €65,000 or restructure an existing Bank of Ireland loan or clear Bank of Ireland credit card/overdraft debt, please enquire in your local branch. 

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.

Fees and Charges

 

Terms and Conditions

 

Download Terms and Conditions (PDF, 128kb)*

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

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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