Vehicle Loan

Our Vehicle Loans are for the purchase of both new and second hand vehicles to support your business. Please note that for a Vehicle Loan, you will need to provide us with a decline letter from an Asset Finance provider with your application.

€2K-50K

There are no fees or hidden charges on the Vehicle Loan from Microfinance Ireland.

Please Note: We require a formal decline letter from an Asset Finance Provider if you are applying for a Vehicle Loan.

Example of these Asset Finance Providers can be found below- please note this is not an exhaustive list:

  • AIB Asset Finance
  • Bank of Ireland Asset Finance Hire Purchase & Leasing
  • Close Brothers
  • Fexco Asset Finance
  • Grid Finance
  • Nifti Business Finance
  • PTSB Asset Finance
  • SME Finance and Leasing

 

 
*Note for Taxi Drivers/ Taxi Applicants:
Please note that you will need to provide a copy of your SPSV Drivers Licence at the application stage, along with the other required documents.

Product Features

Loans from €2,000 – €50,000
5 year max term
No fees/no hidden costs /fixed repayments
6.5% interest rate – lower rate of 5.5% if you apply via Local Enterprise Office
Register to Apply

Credit Report

Shareholders and Partners will need to submit a CCR Credit Report.
Please contact us if you have any questions about the CCR Credit Report.
Credit Report
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Loan Calculator

Application Documents

You will need to submit the following documents to apply for a Microfinance Ireland Loan.

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Asset Finance Decline Letter

You will need to provide a Decline Letter from an Asset Finance Provider

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Loan Application Form

Application Form

Download
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Cashflow Forecast Template

12 Months Cashflow Forecast

Download
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6 Months Bank Statements

Personal and business, if business account open.

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Management Accounts

If trading over 18 months – most recent set of management or financial accounts

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Credit Report – Central Credit Register

Shareholders and Partners will need to submit a CCR Credit Report.

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*Note for Taxi Applicants

Please provide a copy of your SPSV Drivers Licence