AIB Ireland Personal & Car Loans at 8.95% APR – Fast Approval and Flexible Terms

AIB offers some of the most accessible personal and car loans in Ireland, boasting a competitive standard variable APR of 8.95%. Loan amounts can range from €1,000 to €50,000, with terms between 6 months and 5 years. For amounts between €1,000 and €30,000, you can apply online and may receive an answer within three hours during standard business hours. Early repayment comes without penalties, and optional repayment breaks add extra flexibility. Credit approval is subject to standard checks, and you must be over 18 to apply.

How to Apply – Step by Step

1. Decide your loan amount and term using the online calculator.
2. Log in to AIB Internet Banking or use the AIB Mobile App if you’re already a customer.
3. Submit your personal and financial details for assessment.
4. Receive a prompt decision and requested fund transfer to your account.
5. If you’re not an AIB customer, apply by phone or in branch.

Principales ventajas

One of the main strengths of AIB loans is the quick approval process for existing customers. In many cases, a decision is reached within a few hours.

The flexible repayment terms are ideal for borrowers who may need to alter payment schedules or make extra payments, as there are no early settlement fees.

Main Drawbacks

New customers cannot apply online and must contact AIB by phone or visit a branch, which could cause inconvenience or delays.

Standard lending rates, while competitive, may not be the lowest on the market, particularly for larger or special-purpose loans.

Verdict – Should You Apply?

If you are already an AIB customer, these loans stand out for their speed and simplicity. Flexible features like payment breaks and lack of early repayment penalties make them user-friendly.

However, if rate shopping is your priority, or if you are not yet an AIB customer, it may be worth comparing multiple providers before making a final decision.