Calculate monthly repayments, total interest, and compare loan options from AIB, Bank of Ireland (BOI), PTSB, Credit Unions or Bonkers loan options.
Loan Breakdown
Disclaimer: We built this Car Loan Calculator for user’s in Ireland to give them an estimated monthly loan repayment and total borrowing cost. Our tool is designed with the information which is provided on internet. These calculations depend on the data which you provided.
What is a Car Loan?
A car loan which is known as auto loan in Ireland is way of financing a vehicle which help to give you money from lender on which you buy a car and then repaying it in a given time. This type of loan also have some interest rate which depends on the lender which reflects the cost of borrowing. The term to pay back the loan is about 1 to 7 years.
You can buy both new and used car from this money but you must know about the comparison between dealership offers, bank financing and credit union car loan. In Ireland, you will see many of the online lenders and also physical but the thing is their interest rate which depends on your credit profile, lender’s terms and the type of car.
How to Use Car Loan Calculator Ireland?
Using this tool is so easy if you some of the important details about the loan, you just need to enter that details in the calculator. Follow the below steps which we guide you about using this tool:
- 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.
This tool also calculates the APRC (Annual Percentage Rate of Charge) which is Required by Irish lenders.
How Car Loans Work in Ireland?
Car loans in Ireland work similarly to loans in other parts of the world. You just need some money to buy a car the lender will give you that money. After you buy the car then you need to pay back the amount of money to the lender with some interest rate in the given time.
The most popular car financing routes in Ireland is through credit unions. These institutions often provide lower rates and more flexible repayment plans. You can also get car financing through dealers, known as car finance, which includes hire purchase (HP) or personal contract plans (PCPs).
Understanding the total loan cost and how monthly loan repayment breaks down is vital. This is where our tool will help you. There are following of the Car Finance Options in Ireland from which you will get best loan options with good interest rates.
- Credit Union Car Loan
- Bank Auto Loans
- Dealership Finance
The most famous among all these lender is Credit Union which give’s you lower interest rates and more time to repay the loan as compare to other banks. Banks also offer auto loans, but with competitive rates if you have a good credit history.
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 |
VRT and Loan Considerations
If you take the loan the process is not finished yest, once you buy the car or import a car into Ireland, you need to pay Vehicle Registration Tax (VRT) on it to gain the ownership. VRT is not the part of car loan, it will pay after you buy the car and want to gain the ownership.
Always check VRT by using and VRT Calculator to save your self from penalties. Not only in Ireland but in many other countries, taxes apply to vehicle registrations or imports. Don’t hesitate to take the loan for car before checking these few steps. Make sure to check the credit report and score. Do some comparison between different loan lender. Use a car loan calculator to check different repayment terms.
About this Calculator
Our tool is designed with the latest updated information of 2025, with the easy to use interface anyone can use it without any problem. When we do manual calculations it takes a lot time and also cause errors. But this tool will done more then one calculations in seconds and accurate if you enter the details correctly.
You can compare different loan and adjust interest rates, amounts, or terms to suit your needs. Also we build the design is mobile friendly so anyone can use it in their mobile devices anywhere. So, if you are in the place of lender you don’t need to hire anyone to calculate the car loan for you. Just open this tool enter the details and check the estimated loan amount.
There is no need of signups and login required like other tools, also we made it free of cost without any amount charging you. If you think we need to add some more extra features in it or you find any issue just simply contact us we will help you.