Green Car Loan

Thinking of upgrading your car to a battery powered electric vehicle or a plug in hybrid vehicle? A Green Car Loan with Bank of Ireland could get you on the road.

Apply Online

Key Features

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
Apply Online
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
1 APR stands for Annual Percentage Rate.
Lending criteria, terms and conditions apply. Over 18s only and not suitable for students. Only banking 365 online registered customers can apply online. Only available to customers purchasing a battery powered electric vehicle or a plug in hybrid vehicle. Proof of purchase will be required. The repayments on a Green car loan of €20,000 over 5 years with 60 monthly instalments are €389.15 per month at 6.3% variable (Annual Percentage Rate of Charge (APRC) 6.5%). The total cost of credit is €3,349.00.
Variable rates are correct as at 22nd November 2022 and are subject to change.
2 By deferring your repayments at the start of your agreement you will pay more interest over the loan term than if you started to make repayments from the outset.