You are at the ideal lending place to access the most reliable deals on car loans in Ireland. Today, we provide you with a car loan that matches your financial requirements, monthly budget, and financial circumstances. Whether you want to purchase a brand-new vehicle or a used car for personal or business purposes does not matter. We can assist you in lending affordable vehicle financing without hefty paperwork or legwork.
At 24fundsflow, you can get a car loan through a quick 3-minute online application. Once we have your loan requirements, we instantly call you and assign an obligation-free quote. We ensure that you get your finance on your terms.
€1000 - €25000
36 Months - 84 Months
5.37% (based on affordability)
A car loan is the type of financing offered during a vehicle purchase. People use this opportunity when they cannot purchase a car with their money. During this situation, they tend to approach a loan provider to borrow the desired amount before submitting the down payment. Later, they have to repay the borrowed sum and the prescribed interest rates for the agreed loan term in monthly instalments.
As a dependable private lender in Ireland, we suggest you analyse a loan deal carefully. You can compare our loans with any other deal in Ireland. Knowing vital facts before shopping for car loans according to your finances is critical.
You can apply for car loans in a secured or unsecured way. When you sign a secured car loan agreement, the lender will take your car as the loan security. You have submitted it as the loan collateral, and thus the lender possesses the right to sell the car if you cannot make the repayments in the agreed term. You can also opt for no deposit car finance on this arrangement.
On the other hand, if you opt for an unsecured car loan option, you are free from this worry as no asset is needed to secure the amount. In this case, the risk increases for the lender. Therefore, this type of car loan has higher interest rates than secured loans.
Our company usually deals in unsecured loans, but at the same time, the interest rates are always competitive, which are also affordable to you.
You should not revise your decision to buy your dream car just because you lack enough funds. We have exclusive deals for you on car loans in Ireland. These are available with no issue of bad credit. Flexible repayments will help improve credit scores. Here are the loan benefits:
You get the most manageable rates with us on your car loan deal.
We do not charge anything in the form of upfront costs or ongoing fees.
We deal only online, and thus, you will have your loan on the same day.
You have a better chance of the lowest interest rates in Ireland if you purchase an electric vehicle.
You can choose the loan term or repayment option according to your financial situation.
Our quick and small loan application process suits everyone. One can apply from anywhere in Ireland.
You may have an easy deal on car finance with bad credit in Ireland. Still, you need to be careful in many aspects. 24funds Flow is there to help you with credible offers on bad credit car finance. We accept your loan application without any hassle, and the interest rates are competitive. However, we also expect some efforts from your end that may increase your chances of car loans with poor credit.
Keep an eye on the debt-to-income ratio: It is essential to your loan acceptance chances. If you have income but a higher debt-to-income ratio, you can only get a lower amount to borrow. Therefore, you should keep DTI lower than your monthly income.
Amount of car down payment: If you are applying for car loans with bad credit, try as much as possible to pay the higher down payment. It will decrease the lender’s risk as it has to offer only a small amount. In such conditions, we vouch for providing you with a car loan on more favourable terms.
Loan term: Most lenders prefer to offer small loans to those having less-than-perfect credit scores. They do not have to postpone lengthy to get back the allotted amount.
Your choice of an old or new car: The vehicle's age also greatly matters. However, you have loan approval chances on both new and used vehicles. Still, new cars have higher chances because of their better resale value.
Are you ready with your car loan planning? If yes, then submit your application now.
Describing how a car loan differs from car finance in Ireland is essential. Here is the fundamental difference between car loans and car finance.
|Applied from a Private Lender||Available from Car Dealers and Lender both|
|Unsecured or Secured||Mostly Secured|
|Flexible Interest Rates||Fixed Interest Rates|
|No Impact of poor credit scores||Usually, a good credit score required|
|Availability of Part-time Income||Approval only on Full-time Income|
You have a significant advantage with us in the form of loan pre-approval to get cheap car loans. It includes the loan amount that is affordable to you, possible interest rates and the loan term. You can shop for cars according to your entire budget, which includes your savings and the loan amount. It equally implies old cars as well. However, you may get better interest rates on new cars because they have better resale value than used ones.
Moreover, having a pre-approval on at the best rates from us puts you in a better position when you visit the dealership. You now have a budget, and you can choose the car accordingly.
Availing of bad credit car loans is indeed a significant responsibility. Your repayments until the loan term can significantly impact your finances. Understanding and deciding how small or large an amount you are comfortable with repaying is essential. You should take much time to analyse it before obtaining a loan option.
Three factors determine loan repayments:
Based on these factors, the lender frames the monthly loan repayment. Remember, the monthly instalments will have both the principal amount and the interest rates. Since you have poor credit scores, repaying the loan on time is crucial. It can have a favourable effect on your credit score.
We provide car loans of different varieties based on the affordability and requirement of the borrowers. All these products are available online with minimum obligations to follow. You can prefer anyone from these alternatives for car loans:
Quick loans: Yes, we offer quick loans with no credit checks. If your recent financial profile is satisfactory, we won’t take an interest in checking your credit score as you are borrowing only a small amount.
Car finance no deposit: Unlike other lenders in Ireland, we can offer personalised offers on car finance with no deposit, which will be with no credit check. Again, it depends upon your current credit profile. You can get the entire car loan amount from us.
Unemployed loans: The absence of full-time cannot restrict you from purchasing a new car. You can get approval on your part-time income or the benefits. We are ready to back you by offering tailor-made deals on car finance for the unemployed in Ireland.
It is very tough to get car loans after declaring bankruptcy. We suggest you improve your financial profile and seek any loan approval chances. If you improve your current finances, you may get our loan approval. Besides, we can consider the application of those with CCJ (County Court Judgement) if their recent financial performance is good enough to make their application strong.
Generally, we are providing the loan for a maximum of €25000. Regarding people with bad credit scores, they can fetch the maximum amount of up to €15000, depending upon their loan affordability and recent financial commitments. We decide on the loan amount only after evaluating the income capacity of the borrowers.
It is often tough for those with very poor credit scores to avail of a car loan. 24fundsflow still provides a chance to borrow money if you have been earning a stable income for the last 6 months and showing us income proof. However, we do not require any assets since the loan amount will be small only. On the other hand, if you want a larger amount, you can use the same vehicle as the loan security and get lower interest rates.
You will receive your car loan amount within 24 hours of submitting the application. We maintain distance from unnecessary formalities and work on a loan application on an immediate basis. You can also submit your loan application during a bank or national holiday. We will start working first on your application on the next day. Our representatives are also quick to respond to user queries.
Like any other loans, car loans also impact the borrowers' credit scores. If you repay on time and pledge an asset to secure the amount, you can improve your credit score significantly. Any missing or no repayment can negatively impact your credit profile. Therefore, you should borrow an affordable amount only, manageable from your monthly earning.