Find the Best Car Finance Deals Today
Compare interest rates from Irish banks, credit unions, and online lenders. Get real cost examples, understand hidden fees, and save thousands on your next car purchase.
Buying a car in 2025 doesn't have to be stressful. Whether you're upgrading your family car, switching to an electric vehicle, or buying your very first motor, understanding car loan interest rates in Ireland is the key to making a smart financial decision.
We've done the homework for you — breaking down the latest interest rates, loan terms, hidden fees, and real-life cost examples. This guide will help you compare banks, credit unions, and online lenders in one easy read.
Here's a quick look at what major lenders are offering this year. Rates can vary depending on your credit score, loan size, and repayment term.
| Lender | Type | APR (from) | Notes |
|---|---|---|---|
| AIB (Allied Irish Banks) | Fixed | 6.40% | No arrangement fees |
| Bank of Ireland (BOI) | Variable | 6.70% | Discounts for existing customers |
| Permanent TSB (PTSB) | Fixed | 6.99% | Flexible repayment options |
| Credit Unions (varies by branch) | Variable | 6.20%–9.50% | Community-based, may require membership |
| Online Lenders | Fixed/Variable | 5.99%–9.99% | Quick approval, but higher penalties possible |
APR = Annual Percentage Rate. Always check with the lender for updated terms and confirm eligibility criteria.
Before applying, it's important to understand what Irish banks and credit unions typically require.
€3,000 up to €75,000 depending on the lender
1 to 7 years (longer loans may come with higher total costs)
Lower rates for hybrid or electric vehicles, typically 5.5%–6.5% APR
Member perks, flexible criteria, often lower rates for loyal members
Banks may offer 0.25%–0.5% discount if you have a current account
Let's make this simple. See how different APR rates affect your total repayment.
Difference: €1,440 extra over 5 years!
This shows why comparing rates before applying can save you thousands of euro.
What's different in 2025 compared to last year?
After years of ECB hikes, Irish banks have started to level out their car loan rates. This means more predictable monthly payments.
Expect special EV loan rates around 5.5%–6% as the government continues to support electric vehicle adoption.
Dealers often promote "0% finance", but read the fine print — it usually applies only to new cars with strict conditions.
The cheapest loan isn't always the best loan. Look beyond the headline APR and compare:
Can you make extra payments or repay early without penalties?
Some lenders charge fees, others don't. Ask before signing.
Credit unions often add insurance cover and member benefits.
Buying an EV? Look for special green car loan rates.
Always use a loan calculator before committing — knowing your real monthly repayment makes budgeting easier and helps you avoid overextending yourself financially.
Don't waste time hopping between banks and dealer showrooms. We've simplified the process for you.
Check My Best Car Loan Rates NowWe compare all major Irish lenders objectively
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Latest rates from AIB, BOI, PTSB & more