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ROI Customers

Information and advice for Dealers, Customers and SMEs in the Republic of Ireland

Finance in Ireland

Finance in Ireland

Close Brothers use First Auto Finance Ireland Ltd as our exclusive agent for motor finance in the Republic of Ireland. If you can’t find the information you need on this page, please contact First Auto Finance with your specific enquiry.

First Auto Finance Ireland Ltd,
85 Pembroke Road,
Dublin 4,
DO4 YN53,

Tel: +353 (0) 1 647 0240
Email: [email protected]

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The Central Credit Register (CCR)

The Central Credit Register (CCR) is a database of personal and credit information to be created by means of a national mandatory credit reporting system being established by the Central Bank of Ireland (CBI) in line with the Credit Reporting Act 2013

  • The information collected will help lenders, consumers and the CBI in its role of safeguarding stability and protecting consumers. 
  • Lenders will be able to use the information to get a more detailed picture of a consumer’s credit history, which will help them to make decisions about finance applications. 
  • Consumers will have the opportunity to see what credit information lenders hold about them. 

The Government in Ireland gave a commitment, as part of the EU/IMF Programme of Financial Support, to develop a legal framework that would facilitate the collection and centralisation of credit information on borrowers. The CCR will contribute to consumer protection and financial stability by: 

  • Providing borrowers with an individual report detailing their credit agreements 
  • Providing lenders, such as Close Brothers Motor Finance, with comprehensive information to support credit assessments 
  • Providing the CBI with better insights into financial markets and supporting functions of the Central Bank of Ireland 

Following an amendment to the Credit Reporting Act 2013, data on hire purchase, leasing and other credit agreements previously excluded from the scope of the CCR, is now reportable. Therefore, from 30 June 2019, Close Brothers Motor Finance will have a legal obligation to report credit agreements, where the principal amount of the credit agreed to be provided is €500 or greater, to the CCR.  Therefore if you have a credit agreement with Close Brothers Motor Finance in force on 30 June 2019, your credit agreement and details will be reported to the CCR. 

Further, where a customer makes a credit application of €2,000 or more, Close Brothers Motor Finance will have a duty to make an enquiry to the CCR in respect of that customer prior to making a decision whether to grant the credit. 

Under the CCR definitions, we will need to verify data for: 

  • Customers who are individuals 
  • Customers who are sole traders 
  • Customers who are not individuals (Businesses) 

From 30 June 2019, Banks and finance providers, such as Close Brothers Motor Finance will require ID&V documents to be provided as part of all new credit applications for individuals. This will include PPSN (Personal Public Service Number) for individuals, which we are required to obtain under the Credit Reporting Act 2013.

Yes – all banks, credit providers and money lenders will need to adhere to the new regulations. The timeframe in which to implement changes may vary depending on the type of firm. 

Information on the CCR can be found at the following sites: 

  • You may request a copy of your credit report - this is available free of charge subject to reasonable use
  • Insert an explanatory statement on your credit report
  • Apply to have your information amended, if you believe it is inaccurate, incomplete or not up-to-date
  • Report and be informed of suspected impersonation
Applications for Credit from Small and Medium Enterprises (SME)

Applications for Credit from Small and Medium Enterprises (SME)

If you are considering applying for credit with us, there is some information that you should know in advance.

  1. Once you apply for credit we will normally give you our decision on your application on the same day, however, this can take up to 5 calendar days.
  2. As part of your application we will require information about your business, this may include: business type, legal name, trading as, address, number of employees, company registration number, number of years trading, bank details and financial statements.
  3. In some cases a Business Plan may also be requested to support your application, this plan should include details of your business, the management structure, the market you trade in, future plans for the business and your historic and forecast financial information. We will inform you if this is the case.
  4. If we refuse your application it will not have a negative impact on your credit rating.
  5. We may require security beyond the asset being financed, such as indemnities, guarantees or charges over assets of the applicant, we will inform you if this is the case.
  6. As a SME you are entitled to request a meeting with us to discuss your proposed application for credit.

Information and advice for Small and Medium Enterprises (SME) experiencing financial difficulties

We understand that from time to time some of our customers may face financial difficulties which could affect their ability to re-pay their credit agreement. We have procedures in place for dealing with customers in financial difficulties. The objective of the procedures is to assist customers to resolve their financial difficulties. We have prepared a standard information booklet for customers which provides more detail and guidance on the procedures. You can download a copy of the booklet by clicking here.

We recommend that you read all the information contained in this booklet and contact us as soon as possible if you are, or feel you may shortly be, facing financial difficulties. We have a designated team for dealing with customers in financial difficulties.

Contact the team on:

Telephone: +353 (0) 1 647 0240
Email: [email protected]

First Auto Finance Ireland Ltd,
85 Pembroke Road,
Dublin 4,
DO4 YN53

It’s important that you contact us if your financial circumstances change. The sooner we are informed, the quicker we can begin to help.

Close Brothers Limited (being a UK registered private limited company and its Irish registered branch of the same name having registration number 907899), trading as (and having as registered business names) Close Brothers Premium Finance Ireland, Close Brothers Asset Finance, Close Brothers Commercial Finance, Close Brothers Motor Finance and Braemar Finance, is authorised by the Prudential Regulation Authority in the United Kingdom and is regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom and is regulated by the Central Bank of Ireland for conduct of business rules. UK registered address: 10 Crown Place, London, EC2A4FT, registered at Companies House, Number 00195626.