Your Avant Money Car Loan questions answered
If you’re thinking about upgrading your car, a car loan can be a simple way to spread the cost over time. We’re here to help you understand how a car loan works and answer some of the most common questions people ask when thinking about a car loan with Avant Money.
-
Is a car loan a secured loan or unsecured?
An Avant Money Car Loan is unsecured which, in simple terms, means that you own the car from the start, unlike some other finance options, like PCP, where you only become the owner after the final payment. For more information on PCP check out our recent blog on buying a car on finance including how a car loan is different to PCP and Hire Purchase.
-
Can you get a car loan for used cars?
Yes, Avant Money offer car loans for used cars and it has no negative impact on your car loan rate. Avant Money also offers car loans for new cars, giving you another option besides traditional car finance.
We’ve got a handy guide for whichever choice you make – check them out: new car buyers guide or tips for buying a used car.
-
How to apply for a car loan?
Applying for a car loan is easy. Use our Car Loan Calculator to find out how much you can borrow. Once you’re happy with the amount and loan term, simply apply online. If eligible, you can have car loan approval in principle within minutes.
-
How much can I borrow for a car?
You can borrow between €5,000 and €75,000. This gives you the flexibility to choose a dream car that suits both your needs and budget. Did you know that we offer Ireland's best fixed rates on car loans over €30k*?
-
Can I switch my existing car loan to an Avant Money Car Loan?
Yes, if you already have a car loan with another lender, refinancing with Avant Money could save you money on your monthly repayments, as we’ve got Ireland’s best fixed rate on car loans over €30k*. You can use the Avant Money Car Loan Calculator to see what your new repayments might look like before applying. Not sure what the next steps are for refinancing? Check out our guide to refinancing your car loan.
-
Can you pay off a car loan early?
Yes, you can repay your loan early at any time, with no early repayment fees, giving you the freedom to clear your balance sooner if you like.
Ready to take the next step?
Whether you’re upgrading, refinancing, or buying your first car, Avant Money offers competitive rates and quick decisions, helping you get on the road with confidence.
* Rates and loan terms are correct as of 18th February 2026 and are subject to change (Source: CCPC.ie, excluding green loans). Maximum APR (Annual Percentage Rate) is 19.9%. Minimum loan term is 12 months and maximum term is 84 months, loan terms vary depending on the purpose of the loan, terms greater than 84 months up to a maximum of 120 months are only available for refinance and home improvement loans of €20,000 to €75,000. Avant Money loans are only available to customers over the age of 18 and resident of Republic of Ireland. Lending Criteria, Terms and Conditions apply.
Representative example:
Based on a €30,000 loan over 5 years, at a fixed rate of 6.5% (6.7% APR) you will pay €586.98 a month. The total cost of credit would be €5,219.07 and the total amount repayable would be €35,219.07.
Rate offered takes into account financial profile and credit history.
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.
Bankinter S.A., trading as Avant Money, is authorised by the Banco de España in Spain and is regulated by the Central Bank of Ireland for consumer protection rules.