Car loan
Thinking of buying a hybrid, electric, petrol or diesel car?
Find the car loan to suit you.
Why choose us for a car loan?
Competitive rates
Variable rates from as little as 6.5% APR1 for electric and plug-in hybrid cars and 7.1% APR for petrol and diesel.
Tailored to you
Borrow between €2,000 and €75,000 and repay your loan weekly or monthly.
Choose your term
Repay your loan over 1 to 7 years (for electric or hybrid cars) or 1 to 5 years (for petrol or diesel cars).
Option to defer repayments2
Option to defer your first three monthly repayments if you repay your loan on a monthly basis.
Flexible repayments
Make extra repayments to pay off your variable rate loan early and pay less interest with no penalty fees.
Fast application
Online application takes just 15 minutes for existing current account holders registered for 365 online.
What do I need to apply?
To be eligible to apply online, you must be:
- Aged 18 or over
- Resident in the Republic of Ireland
- An existing Bank of Ireland current account customer
To apply, you’ll need:
- Your 365 online user ID – You can find it on your profile page within the mobile app.
- Proof of your Personal Public Service Number (PPSN) – Full list of acceptable documents.
Please note: If you are a new customer you can call our loans team on 0818 200 334 (9am – 5pm, Monday – Friday) to apply. We may request additional documents depending on your individual circumstances and loan purpose. We request a credit report from the Central Credit Register when you apply for a loan of €500 or more. Lending criteria, terms and conditions apply.
What is a green car loan?
A green car loan is a low rate loan we offer to anyone planning to buy a battery-powered electric or a plug-in hybrid vehicle. If you’re applying for a green car loan, you’ll also need:
Detailed quote/invoice from the seller
This should outline whether the car is a battery-powered electric vehicle or a plug-in hybrid vehicle. The quote must be dated within the past 6 months and the name of the seller and your full name and address (as it appears on 365 online) must be clearly visible on the document.
Interest rates and APR
These representative examples illustrate how much it could cost to borrow various amounts over 5 years.
Car loan
| Loan amount | Variable interest rate | APR(Annual Percentage Rate) | Sample loan amount | Loan term | Monthly repayment | Cost of credit | Total repayment |
| €2,000 – €9,999 | 8.65% | 8.9% | €2,000 | 5 years | €41.12 | €467.20 | €2,467.20 |
| €10,000 – €19,999 | 8.1% | 8.3% | €10,000 | 5 years | €202.98 | €2,178.80 | €12,178.80 |
| €20,000 – €75,000 | 6.9% | 7.1% | €20,000 | 5 years | €394.71 | €3,682.60 | €23,682.60 |
Variable rates are correct as at 5 February 2025 and are subject to change.
Internal reference rates
We apply reference rates to all new loans. The reference rate is an internal rate we use to work out how much it will cost us to give you a loan. It includes the cost of funds to the bank and administration costs for the set-up and maintenance of the loan.
| VI | 0.25% |
Please note: Your credit agreement explains all the interest rate types we charge for your loan. Lending criteria, terms and conditions apply. Over 18s only.
Green car loan
| Loan amount | Variable interest rate | APR(Annual Percentage Rate) | Sample loan amount | Loan term | Monthly repayment | Cost of credit | Total repayment |
| €2,000 – €75,000 | 6.3% | 6.5% | €2,000 | 5 years | €38.91 | €334.60 | €2,334.60 |
| €2,000 – €75,000 | 6.3% | 6.5% | €10,000 | 5 years | €194.57 | €1,674.20 | €11,674.20 |
| €2,000 – €75,000 | 6.3% | 6.5% | €20,000 | 5 years | €389.15 | €3,349.00 | €23,349.00 |
Variable rates are correct as at 5 February 2025 and are subject to change.
Internal reference rates
We apply reference rates to all new loans. The reference rate is an internal rate we use to work out how much it will cost us to give you a loan. It includes the cost of funds to the bank and administration costs for the set-up and maintenance of the loan.
| VI | 0.25% |
Please note: Your credit agreement explains all the interest rate types we charge for your loan. Lending criteria, terms and conditions apply. Over 18s only.
