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AIB announces new motor loan rates

AIB, a banking and financial services organization, has announced a new fixed interest motor loan rate of 6.99% APR for loans between E20,000 and E59,999.

The company stated that the fixed rate for amounts between E10,000 and E19,999 is 7.99% APR. This new rate coincides with AIB’s Car Finance Fortnight, running in the bank’s 280 branches in Ireland from November 19, 2007 to November 30, 2007.

Diarmuid Leen, head of sales at AIB finance and leasing said: This rate, together with the scale of our branch and online network – and expertly trained staff – ensures customers can access finance in a way that suits their needs, giving them time to focus on choosing the right car.