Bank of Ireland Personal Loan
Borrow €2,000 to €75,000 with flexible terms from 1–5 years, fast approval, no savings required, and competitive APR as low as 7.1%.
The Bank of Ireland Personal Loan offers customers in the Republic of Ireland a flexible way to fund life’s bigger moments, whether for a wedding, major purchase, or travel. Applicants can borrow between €2,000 and €75,000, with repayment terms ranging from 1 to 5 years. The standout feature is its variable APR starting as low as 7.1%, making it a competitive choice among personal loans in Ireland. Graduates enjoy even lower rates starting at 5.0% APR. Customers can opt to defer their first three repayments and, if they already bank with BOI, complete the online application in just 15 minutes, with no savings history required.
How to apply: Step by step
- Log in to your Bank of Ireland 365 online account
- Provide your user ID and PPSN proof
- For graduates, ensure you hold a BOI graduate account
- Fill in the required application details
- Submit and await a 24-hour decision
Key advantages
The Bank of Ireland Personal Loan stands out for its flexible loan amounts, competitive interest rates, and no savings requirements. Existing customers benefit from quick online applications and the option to defer repayments, adding peace of mind for those managing cash flow.
Borrowers can also make extra payments without penalty on variable rate loans. This flexibility means you can pay off your debt faster and save on interest without any hidden charges.
Potential drawbacks
The loan is only available to residents in the Republic of Ireland who are already Bank of Ireland current account customers. New customers cannot yet apply fully online, which might be a hurdle for some seekers.
Rates vary based on individual circumstances, so the lowest advertised APR is not guaranteed for all applicants. Loan approval also depends on credit history and the bank’s lending criteria.
Verdict
With flexible amounts, competitive rates, and quick application for existing customers, the Bank of Ireland Personal Loan is a strong choice for those seeking hassle-free borrowing. While some eligibility restrictions apply, it remains one of Ireland’s more attractive personal loan options—especially if you’re already banking with Bank of Ireland.
