Car Loan

Get your Car Loan into your account instantly

Whether it’s a hatchback or a saloon, a two door or a four door, we know that choosing the right car can be hard. Which is why we make applying for the loan easy!

Are you looking to buy your first car, or are upgrading to a newer model that better fits your needs? You could apply for a Car Loan right now, get approval online or in-app in minutes, and get your loan into your account instantly.

Benefits of a PTSB Car Loan 

• Approval online or in-app in minutes for loans from €1,500 up to €25,000
• If approved, get the loan paid into your account instantly
• 100% finance available with no deposit required
• Terms up to 5 years available 
• You own your car from the start
• No arrangement or documentation fees

How to get online approval in minutes and your loan into your account instantly

• If you’re a PTSB customer you can apply for a Car Loan through the desktop version of Open24 Online Banking or in-app and get approval in minutes
• If approved you electronically sign your loan agreement online. You can then transfer your funds directly into your account instantly or any time over the next 90 days
• Online approval in minutes is subject to a maximum loan amount of €25,000
• For loans greater than 25,000, and up to €75,000, you can still apply online and one of our team will call you back to discuss your application. If approved you can also draw down your funds online
• To get your loan into your account instantly you may have to upload your PPSN document (Notice of Tax Credit, Employment Detail Summary (P60), Statement of Liability (P21) or P45) through desktop or app.

To get online loan approval in minutes, and have your loan paid into your account instantly, you must be registered for Open24 Online Banking, have a Current Account with us, and have your salary paid into this account. 

During your application you will need to provide us with your (Personal Public Service Number (PPSN). If we already have your PPSN referenced on file, you will not have to provide the number to us again, however if approved, you will need to submit proof of PPSN – see here for acceptable documents.

If the age of the car you are buying changes during your application, please contact us on 0818 837 412 or +353 1 212 4027 before you drawdown, so we can ensure you’re on the correct interest rate.

Your loan funds can only be drawn down to a PTSB Current Account. The account from which you wish to pay back your loan must be a PTSB Current Account and your loan can only be taken out in your sole name. 

Minimum loan term 6 months. Maximum loan term 5 years. For online approval in minutes the minimum loan term is 1 year.

Your application will be subject to a full credit assessment. Lending criteria, terms and conditions apply. Over 18s only.

Looking to import a car from the UK?

We’re happy to provide car finance to cover the cost of your car as well as the VRT.

Find out here what you need to know!

Check out our great rates

How much you repay depends on the amount you borrow and your interest rate depends on the age of the car you wish to purchase.

To get one of our great Car Loan rates your car must be a 2014 registered car or newer. Of course if your dream car is older than 2014, you can still avail of our competitive Personal Loan rates.  

APR stands for Annual Percentage Rate. Our Car Loans have a variable rate which means that the rate, and your loan repayments, can go up or down during the term of your loan.

How to apply

• If you're a PTSB customer just log into Open24 Online Banking from your desktop or log in to our app and apply today  
• If you’re not registered for Open24 or you’re not a PTSB customer you can call us on  0818 837 412 or +353 1 212 4027 and our team will take your application; or
• You can drop into any PTSB branch to chat with one of our team

To process your online application we'll need the following:

• A completed and electronically signed loan application, which can all be done online through the desktop version of Open24 Online Banking or in our app.
• If your main bank account is with PTSB, you won’t need to provide a lot of documentation but you will need to provide us with your PPSN if we do not already have this.
• If we already have your PPSN referenced on file, you will not have to provide the number to us again If approved, you will need to submit proof of PPSN – see here for acceptable documents.

If your main bank account is not with PTSB, we’ll also need:

• Proof of identification, such as your passport
• Proof of address, such as a utility bill
• Proof of Personal Public Services Number (PPSN), such as an Employment Detail Summary (P60)
• Proof of income, such as 3 months of bank statements from your main personal current account. In certain circumstances, 2 recent pay slips may also be required

See our required documents page for full details.

Please note: Not all applications are the same and additional information may be required in certain circumstances.