Everything You Need to Know about Applying for a Car Loan Online

Persons hand in view with a car key in the car door to open it.

Ever wondered how to apply for a car loan to get that dream car of yours? Read our simple 4 step process and start your journey today.

Are you in the market for a new car? We know that searching for the perfect set of wheels can sometimes drive you up the wall, so we’ve made applying for a car loan online as easy as possible. And when you finally find the one you’ve been looking for, we can give you a loan decision in just three hours*. Want to know how to get started with your application? Get your motor running and find out how stress-free this particular journey can be.

Step One: Review your Finances

Let’s get the boring bit out of the way first. Having a clear picture of your finances will give you a steer on whether you can afford a loan, and exactly how much you can comfortably take out. Start by identifying your monthly income. Then make a clear list of your monthly commitments including your mortgage/rent payments, any other loan payments, childcare/maintenance costs and other regular expenses such as phone or utility bills. This will help you map out your expendable income, which helps with narrowing down how much you can afford.

Step Two: Get a Quick Quote

This is where we come in. Once you’ve got sense of your financial situation, our loan calculator will help you to estimate out how much you can borrow. This is a no-commitment quick quote that allows you to review your income and financial commitments at a quick glance. It will also provide you with details on monthly repayment amounts.

Driving on Samuel Beckett Bridge Dublin

Step Three: Apply Online

When you’re ready to make your application, you can apply online for a personal car loan directly from your AIB Internet Banking account on desktop, mobile or tablet app. Applying through AIB Internet Banking means that you’ll get a decision on your application within three hours*. You can also apply for a Loan or Top Up Online, as well as through our mobile and tablet app. Not registered for Internet banking? You can still apply online through your desktop.

We offer a competitive Interest rate with terms up to 5 years and for amounts between €1,000 and €30,000.

Best of all, if you have a change in income and want to pay back your loan sooner than planned, you can make additional repayments with no penalties. You can also talk to one of our loan advisors about scheduling a payment break. (Scheduled flexible repayment options may impact on the cost and/or term of the loan.)

Man enjoying car loan

Step Four: Take Action

Time to get that key in the ignition. When you find the right car, you don’t want to waste time waiting for finance. We offer loan decisions in just three hours*, so you’ll be able to seize that opportunity and get on the road in no time. Once your car loan application is approved, the funds can be deposited immediately into your account. Now you’re free to buy your perfect car. After that? The open road awaits. Put the pedal to the metal and discover Ireland by car.

Want to learn more about AIB Car Loans?

Man enjoying car loan

Hopefully, we’ve given you the inside track, but if you have any more questions about applying for an AIB car loan, connect with us on Facebook or Twitter @AIBIreland. You can also book a branch appointment or phone 0818 724 725 if you’d like to speak to someone in person.

If it’s your first time buying a car, read our tips on the most important things to consider when buying your first car.

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Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Copyright Allied Irish Banks, p.l.c. 1995.


* 3 hour loan decision applies to fully completed new personal loan applications processed within 3 hours 9am-5pm, Mon-Fri excl. bank holidays. Loans from €1,000-€30,000. Excludes applications: to restructure or clear existing AIB credit facilities; received through Branch and referred to a lender for review, from customers in financial difficulty; for Student and First loans; applications through Business Centres; or where total borrowings exceed €100,000 (excluding Home Loan debt up to €600,000).