With our competitive loan rate* for new electric cars and SEAI electric car and home charger grants, we'll make it affordable to drive electric.
Why buy an electric car?
To pollute less, reduce motoring costs and drive the latest technology, go electric!
Electric and plug-in hybrid cars are cheaper to buy, fuel and maintain - especially with current government incentives.
Motoring costs
74% cheaper than comparable new diesel cars**
Purchase grants
Up to €5,000 available for new electric cars over €20,000
VRT relief
Up to €5,000 for an electric and €2,500 for plug-in hybrids
Lowest road tax
Annual road tax of €120
Toll discounts
50% for electric and 25% for plug-in hybrid vehicles
How do I pay for my electric car?
- Check out grant eligible electric cars available in Ireland.
- Visit dealers, do a few test drives and obtain a quote for your new electric car.
- Apply online for your An Post Money Electric Car Loan.
- On purchase, your car dealer will deduct any available grant from the final price
What will my monthly electric car loan repayments be?
Electric Car Loan Calculator
Repayments on a loan of over would be
€
per month
Ready to move on?
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
We will assign you the appropriate rate based on your financial profile and credit history once your application has been reviewed. To find out more about the Loan Value and applicable Interest Rates take a look at our rate table below.
| Loans from |
Fixed interest rate |
APR |
| €20,000+ |
7.7% - 13.2% |
8.0% - 14.0% |
What electric car and home charger grants are available?
| List Price of Car |
Grant |
| €14,000 to €15,000 |
€2,000 |
| €15,000 to €16,000 |
€2,500 |
| €16,000 to €17,000 |
€3,000 |
| €17,000 to €18,000 |
€3,500 |
| €18,000 to €19,000 |
€4,000 |
| €19,000 to €20,000 |
€4,500 |
| More than €20,000 |
€5,000 |
| Home Charger Grant |
€600 |
Electric Cars
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 credit agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
*Lending criteria, terms and conditions apply. Rates and loan terms are correct as of 29 July 2020 and are subject to change. Source: CCPC.ie. Rate is dependent on your financial profile and credit history. Maximum APR (Annual Percentage Rate) is 14.0%. Minimum loan term is 1 year and maximum term is 7 years for Electric Car loans. On a €20,000 loan over 5 years, at a fixed nominal rate of 7.7% (8.0% APR) you will pay €402.66 a month. Total cost of credit €4,159.75. Total amount repayable €24,159.75
Central Bank Compliance
Avantcard DAC trading as Avantcard is regulated by the Central Bank of Ireland
An Post acts as a credit intermediary on behalf of Avantcard DAC. An Post trading as An Post Money is authorised as a credit intermediary by the CCPC.
Avantcard DAC trading as Avantcard is regulated by the Central Bank of Ireland. Avantcard DAC is a designated activity company incorporated in Ireland under number 541980 and having its registered office at Dublin Road, Carrick-on-Shannon, Co Leitrim.