How does a car loan work?
The Permanent TSB Car Loan is a practical and accessible solution for those looking to finance the purchase of a vehicle. It’s a personal loan that allows customers to receive the desired amount directly into their bank account.
This amount can be used to purchase new or used vehicles manufactured from 2017 onwards, giving you total freedom to choose the model that best suits your needs.
The main advantage of this credit line is its flexibility. You can apply for amounts ranging from smaller sums up to €75,000, depending on the car’s price. Additionally, repayment terms can be adjusted to fit your financial capacity, ensuring that the installments fit within your monthly budget without compromising other essential expenses.
The application process is simple and can be completed online through the bank’s official website or in person at a branch. This hybrid approach offers convenience and personalized support, ensuring a smooth experience from the first step to credit approval.
What documents are needed to apply?
✔ Valid ID: Passport or Irish-issued identity card.
✔ Proof of Address: Recent utility bill (water, electricity, or gas) or bank statement.
✔ Proof of Income: Payslip, bank statement, or tax return document.
✔ Vehicle Details: Make, model, and year of manufacture of the car you wish to finance, if already decided.
What fees are charged?
✔ Annual Interest Rate: Calculated based on the amount borrowed and the chosen repayment term. These rates are competitive and tailored to suit different client profiles.
✔ Possible Administrative Fees: Some charges may apply to cover the processing of the application, but these are transparently detailed in the contract.
A tip for you!
Before applying for a loan, it’s crucial to reflect on your actual need and evaluate your financial capacity. Careful planning ensures that credit becomes an ally rather than a burden.
For example, if you wish to finance a car worth €30,000 with an annual interest rate of 6% over 5 years, your monthly installment would be approximately €580.66, totaling €34,839.60 by the end of the term. This simulation provides a clear picture of the financing’s real costs and helps with informed decision-making.
Additionally, don’t forget to consider the extra costs involved in owning a car, such as insurance, maintenance, taxes, and fuel. These expenses can directly impact your monthly budget and should be factored into your purchase plan.
Click below to apply for the PTSB car loan!
Are you ready to purchase the car of your dreams? Permanent TSB offers exclusive conditions to help you finance your vehicle with ease and security. Click the button below to access the bank’s official website and start the application process.
With competitive rates, adjustable terms, and high-quality customer support, this loan is the right choice for turning plans into reality. Don’t miss this opportunity to drive the car you’ve always wanted!