Get Ireland's best fixed rate Electric Car loan from 6.9% APR
Enjoy a new electric car with our fixed rate loan, make your money matter more with our An Post Money electric car Loan.
Why buy an electric car?
To pollute less, reduce motoring costs and drive the latest technology, go electric! Electric cars are cheaper to buy and maintain.
Motoring costs
74% cheaper than comparable new diesel cars**
Grants
Up to €3,500 for new cars and €300 for a charger unit
Lowest road tax
Annual road tax from €120
How do I pay for an electric car?
Visit car dealers
Do a few test drives and get a quote for your new electric car.
Use the grant
On purchase, your car dealer will deduct the available grant from the final price.
Calculate electric car loan repayments
Repayments on a loan of
over
would be
€
per month
Based on a €5,000 fixed rate loan over 3 years, the monthly repayments would be €156.91. The rate would be 8.1% fixed nominal interest rate. The Annual Percentage Rate (APR) would be 8.4%. The total cost of credit would be €648.85. The total amount repayable would be €5,648.85.
Based on a fixed rate loan
over , the monthly repayments would be €. The rate
would be % fixed nominal interest rate. The Annual Percentage Rate (APR) would be %. The total cost of credit would be €. The total
amount repayable would be €.
Our interest rates
| Loans from |
Fixed interest rate |
APR |
| €20,000+ |
6.7% - 14.4% |
6.9% - 15.4% |
Handy Representative Example for you:
On a €20,000 loan over 5 years, at a fixed rate of 6.7% (6.9% APR) you will pay €393.20 a month. The total cost of credit would be €3,591.96 and the total amount repayable would be €23,591.96.
What electric car grants are available?
| List Price of Car |
Grant |
| €14,000 to €15,000 |
€1,500 |
| €15,000 to €16,000 |
€2,000 |
| €16,000 to €17,000 |
€2,500 |
| €17,000 to €18,000 |
€3,000 |
| €18,000 to €60,000 |
€3,500 |
| Home Charger Grant |
€300 |
Green Top Tips
- Check out our top tips on how to improve your home energy efficiency, save on bills and help the environment.
Things to know
Compare electric cars with petrol and diesel to see how much you can save in annual costs and emissions on the SEAI website.
Find out everything you need to know about electric car grants, how to apply, and additional incentives on the SEAI website.
Find out everything you need to know about an electric car charger grant, how to apply and additional considerations on the SEAI website.
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 agreement in the future.
* Lending criteria, terms and conditions apply. Rates and loan terms are correct as of 4th September 2024 and are subject to change. Source: CCPC.ie. Rate is dependent on your financial profile and credit history.
An Post trading as An Post Money is authorised as a credit intermediary by the CCPC. An Post acts as a credit intermediary on behalf of Avantcard DAC. Avantcard DAC trading as Avant Money is regulated by the Central Bank of Ireland.