Revolut Car Loan
Borrow up to €30,000 with variable APR from just 6.5%. Fast digital application, no collateral required, and early repayment without penalty. Tailored for Irish residents.
The Revolut Car Loan is an attractive unsecured loan option for those in Ireland looking to finance a vehicle. With flexible borrowing from €2,000 right up to €30,000 and variable APR from as low as 6.5%, this offer stands out. Terms extend up to 5 years, with the highlight being the option for early repayment at no extra cost. The loan is available via a swift digital process, and applicants do not need to offer any collateral.
How to Apply for a Revolut Car Loan
Applying is as simple as opening or updating the Revolut app, heading to Accounts, and choosing “Add new”. From there, select “Credit” and “Personal loan”. Complete the in-app application—if approved, funds are transferred directly into your Revolut account. The credit check and salary (or pension) history will be reviewed as part of the process.
Key Advantages of the Revolut Car Loan
One major benefit is the transparent fee structure. There is no penalty for early repayments, so you maintain full control over your loan term. Moreover, everything can be managed from your phone, making the process hassle-free and convenient. Flexible loan amounts and clear eligibility requirements enhance its appeal.
Considerations and Drawbacks
The main drawbacks lie in the eligibility criteria: you must be an Irish resident, bank with Revolut for 30+ days, and have qualifying salary payments. Variable APR means your rate may differ based on credit profile, which can impact cost.
Verdict
Overall, the Revolut Car Loan is a competitive choice for those who value flexibility and transparent terms, especially if you’re comfortable with digital applications. It’s well-suited for Irish residents who are existing Revolut users or ready to switch. The low starting APR and user-friendly repayment options make it a top contender for car finance in Ireland.