Ulster Bank (ulsterbank.co.uk) is one of Ireland’s Big Four banks, and one of the top providers of financial services to its many customers across Ireland and the UK. Aside from its current accounts, savings products and insurance policies, Ulster Bank also has a range of flexible personal loans available to help its customers meet their financial needs.
If you’re looking to upgrade to a new model, find a great second hand deal or invest in a brand new car, Ulster Bank have car loans ready and waiting to help you cover the costs. Paying for a car upfront can be an impossibly large expense for many people, so taking out a loan to spread the cost of the car over a longer period of time is often a good alternative. While many car dealerships offer financing deals on the cars they sell, you will often find better rates by shopping around at various banks and lenders to find the best deal on your car loan.
Ulster Bank’s car loans are available from £1,000 up to £25,000, so you can buy the car that fits perfectly in your budget. If you do take out a car loan from Ulster Bank, you can set your repayment term anywhere from one to five years if the loan is less than £10,000, and up to seven years if it’s from £10,000 to £25,000. The rate you’ll be set will depend on the amount you borrow and your financial circumstances, but Ulster Bank’s rates do tend to be competitively low. Once you’re set an interest rate, it will be fixed for the entire term, giving you predictable monthly repayments that you can budget for.
To apply for a loan from Ulster Bank, you must have held a current account with the bank for at least six months, and you must be 18 or over.
