Loan Breakdown
This calculator provides estimates only. The actual amount of loan based on your credit history and the lender’s assessment. In Ireland, lenders are required to display the APRC (Annual Percentage Rate of Charge) which includes all fees to help you compare loans. Always take help from financial advisor before making decisions.
Car Loan Calculator is a free web tool which helps you in calculating monthly repayments, total interest, and compare loan options from AIB, Bank of Ireland (BOI), PTSB, Credit Unions or Bonkers loan options.
If you are looking for the cheapest car loan, want to calculate car loan interest, or compare car loan rates, this tool gives you a clear view of your potential repayments.
How to Use Our Irish Car Loan Calculator?
- Enter the Loan Amount which you borrow for your car purchase.
- Add Deposit or Down Payment which is your upfront payment.
- Choose the loan duration in year and months.
- Enter the car loan rates offered by your lender.
Our calculator instantly shows Monthly Repayments along with Total Interest Paid which you pay and the Total Repayment Amount. Also it calculates the APRC (Annual Percentage Rate of Charge) which is Required by Irish lenders.
Best Car Loan Options for Ireland in 2025:
Tip: Use comparison sites like Bonkers.ie to check the cheapest car loan rates before applying.
| Lender | Rate (APR) | Term | Key Features |
|---|---|---|---|
| AIB Car Loan | 7.5% | Up to 7 years | Loan amount up to €75,000 |
| Bank of Ireland (BOI) | 8% | 1-7 years | Flexible repayment options |
| Credit Union Car Loan | 6.5%-10% | Varies by branch | Community-based, may offer lower rates for members |
| PTSB Car Loan | 7.9% | 1-7 years | Fast approval process |
| An Post Money Car Loan | 8.5% | 6 months to 7 years | No early repayment fees |
Important FAQs:
What is the cheapest way to finance a car in Ireland?
Answer: Credit Unions (6.5%-8% APR) which offer Ireland’s cheapest car loans, followed by AIB (~7.5% APR). Compare rates on Bonkers.ie for the best option.
Which bank gives the best car loan in Ireland?
Answer: AIB (7.5% APR) and Bank of Ireland (8% APR) are top choices. Credit Unions may offer lower rates for members. Always check APRC.
What is the credit union rate for car loans in Ireland?
Answer: Credit Union car loan rates range from 6.5% to 10% APR, typically cheaper than banks. Rates vary by local branch and membership.
What is the best loan to buy a car?
Answer: A Credit Union loan (6.5%+ APR) and AIB/BOI bank loan (7.5%-8% APR). Compare APRC, terms (1-7 years), and fees.
What is the cheapest way to finance a car?
Answer: Save a large deposit (reduces loan amount) and choose a short-term Credit Union loan (6.5% APR) to minimize interest.
What type of loan is best for a car?
Answer: A secured car loan (lower rates) or Credit Union loan (flexible terms). Avoid personal loans (higher APR).