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Mixed year for Irish banks amid falling rates, increasing competition and UK car finance review

2024-12-31

finance

Mixed year for Irish banks amid falling rates, increasing competition and UK car finance review

Non-bank lenders are currently competing mainly on ease of service and offering niche products, such as allowing repayment periods for borrows up to the age of 80 and bridging finance. However, they may become more of a force on the pricing front in 2025 as central banks continue to lower official rates, driving down market borrowing costs. ...Read more

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