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Car Finance Regulatory Information

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 (Buy Now Pay Later) agreement in the future.

Warning: If you do not meet the repayments on your hire– purchase agreement, 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.

Important Information - Car Finance

Important Regulatory Notice

The APR (Annual Percentage Rate) for the Loan or Hire Purchase facility depends on the amount borrowed and the term of the borrowing.

Terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required.

A Documentation Fee of €63.49 applies to Hire Purchase which is payable with your first repayment and a purchase fee of €12.70 payable with your final repayment. In the case of Hire Purchase there is an additional Purchase Fee of €12.70 payable on completion.

A typical €15,000 four year variable interest rate Car loan, would have monthly repayments of €369.07 Interest Rate 8.65%, APR 8.94%. If the APR does not vary during the term of the loan, the total cost of credit of this loan i.e. total amount repayable less the amount of the loan, would be €2724.48. (Rates and repayments based on loan drawdown on 26/10/2016 with first repayment 11/11/2016).

A typical €15,000 four-year hire purchase agreement with a fixed interest rate* of 8.78% APR (Annual Percentage Rate), where the interest rate and APR does not vary during the term, has 48 monthly instalments of €367.65 and the total cost of credit (the total amount repayable, including fees, less the amount of the loan) is €2,723.39.

*Up to date information on our fixed rate can be obtained on request or AIB Internet Banking

  • Allied Irish Banks, p.l.c. provides Car Finance by way of Personal Loans. Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Hire Purchase Finance is provided by AIB Finance & Leasing. Allied Irish Banks, p.l.c. trading as AIB Finance and Leasing is regulated by the Central Bank of Ireland.
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