Car Loan Ireland — Up to €75,000 | SOFIES
Finance your new or used car with a competitive car loan from SOFIES. From {rate}% APR, approval within 48 hours, drive away tomorrow.
Drive Away. Tomorrow.
New or used, the SOFIES car loan finances up to 100% of the vehicle price — including motor insurance, VRT, and accessories. Enjoy a fixed preferential rate with funds released within 48 hours of approval.
Monthly repayments tailored to your budget. Early repayment without penalty. A straightforward, transparent auto loan with no hidden charges.
Loan terms and features
Loan Amount
Up to €75,000
Financing based on vehicle value and your creditworthiness
Repayment Term
From 12 months to 7 years
Flexible term aligned with your repayment capacity
APR
From 2.2% APR*
Preferential fixed rate dedicated to car finance
Security
Vehicle as security
Bill of sale registered until the loan is fully repaid
Why choose this loan?
- Competitive rates: Preferential car loan rates exclusively for SOFIES customers
- 100% financing: Vehicle price, motor insurance, and VRT covered
- New and used: All vehicles under 8 years old with valid NCT are eligible
- 48-hour drawdown: Funds transferred to your account after approval
- Payment protection: Optional unemployment and illness cover available
Eligibility criteria
Borrower Conditions
- Aged 18 or over with an Irish residential address
- Regular, verifiable income from employment or self-employment
- Demonstrated repayment capacity in line with Central Bank of Ireland guidelines
- Clean credit history with the Irish Credit Bureau (ICB)
Vehicle Conditions
- Under 8 years old at contract signing
- Valid NCT certificate (or new vehicle registration)
- Comprehensive motor insurance mandatory
- Independent valuation required for used vehicles
Required documentation
Personal Documents
- Valid photo ID (passport or Irish driving licence)
- Proof of address dated within the last 3 months (utility bill or bank statement)
- Last 3 payslips or most recent audited accounts if self-employed
- Most recent Revenue Notice of Assessment or P21 balancing statement
Vehicle Documents
- Purchase order or pro forma invoice from the dealer
- Vehicle Registration Certificate (used vehicle)
- Valid NCT disc and certificate (used vehicle)
- Comprehensive motor insurance quote
Banking Documents
- IBAN of your primary current account
- Last 3 months of bank statements
- Amortisation schedule of any existing loans
- Proof of deposit or personal contribution if applicable
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 in the future.
Legal Information
- *APR: Representative example: for a car loan of €25,000 over 5 years at {rate}% APR, 60 monthly repayments of €449, total amount repayable €26,940 (total cost of credit: €1,940). Lending criteria, terms and conditions apply.
- Security: The financed vehicle is held as security under a bill of sale until the loan is fully repaid.
- Insurance: Comprehensive motor insurance is mandatory for the full duration of the car loan.
- Resale: Full early repayment of the outstanding balance is required upon sale of the vehicle.
- Arrangement fee: 1% of the financed amount (minimum €150). SOFIES is regulated by the Central Bank of Ireland.
