PTSB Car Loan
Enjoy some of Ireland’s lowest car loan rates, flexible repayment terms up to 10 years, and fast online approval for eligible PTSB customers. Apply with confidence.
The PTSB Car Loan stands out with some of the lowest loan rates in Ireland, especially for amounts between €25,000 and €75,000. Variable rates start at 5.99% (APR 6.2%), and other rates are also reduced. The minimum loan amount available is €1,500, while the maximum is €75,000, and loan terms can extend up to ten years depending on purpose. PTSB offers a fast online approval process – existing current account holders can see approval in minutes with instant fund drawdown if accepted.
How to Apply: Step by Step
1. Choose your loan amount and preferred repayment term using the PTSB online calculator.
2. If you’re a PTSB current account holder, apply through the app or Open24 online banking.
3. Non-customers can visit a PTSB branch or phone their dedicated loan team to start your application.
4. Prepare your personal and financial information for the application, including income and expenses.
5. Await the credit assessment; if approved, review and sign the agreement for drawdown.
Key Advantages
One major advantage is the competitive interest rate, particularly for larger loans. This is well below typical car finance rates in Ireland, helping you save over the loan period.
The instant online approval and fast fund access for existing customers is ideal if you need to move quickly on a car purchase. The wide loan range suits both new and used car buyers.
Potential Drawbacks
All applicants must meet strict lending criteria, and PTSB may require additional documentation or security in some cases. Maximum APR is 8.8%, and the interest rate is variable, so repayments can rise.
Only PTSB current account holders benefit from instant approval and fund drawdown; non-customers could face more steps and slower processing times.
Verdict: Is the PTSB Car Loan Worth It?
Overall, the PTSB Car Loan offers market-leading rates, easy online application for existing customers, and flexible terms. It’s a top choice for borrowers seeking both value and speed, provided you’re eligible.