Bank of Ireland
Personal loan rates from 7.1% APR, borrow €2,000 to €75,000, repay over 1–5 years. Flexible repayments and no savings required. Fast online application process.
If you’re considering a personal loan in Ireland, Bank of Ireland offers a flexible option for borrowers. The personal loan provides amounts between €2,000 and €75,000, with flexible loan terms ranging from 1 to 5 years. Typical APR starts at 7.1% for larger loans, though smaller or graduate-specific loans may feature other rates.
A standout feature is the ability to apply online if you are an existing account holder, with an application process taking as little as 15 minutes. Repayment scheduling can be weekly or monthly, giving you control over how you pay back your loan. There’s also no need to have savings with Bank of Ireland to apply.
Cómo aplicar: paso a paso
- Log in to your 365 online Bank of Ireland account
- Ensure you have your user ID and proof of PPSN
- Fill out the online application, choosing your loan amount and term
- If additional documents are required, submit as requested
- Await processing; you’ll usually get a response within 24 hours
What We Like
One of the key advantages is competitive interest rates starting from 7.1% APR, particularly for higher-value loans. Additionally, extra repayments are allowed with no penalty on variable rate loans, letting you save on interest. Deferral of the first three repayments is possible for qualifying account holders, providing useful breathing room at the start.
No requirement to hold savings and a fast, digital-first application process make this a user-friendly solution for most borrowers.
What Could Be Better
This loan offer is restricted to Republic of Ireland residents with a Bank of Ireland current account, so newcomers may find access limited. Also, rates on smaller or graduate loans may differ and tend to be higher for lower amounts.
The need for a sufficient credit history can also be a barrier to those just starting to build credit.
Nuestro veredicto
Bank of Ireland’s personal loan stands out for existing customers seeking a reliable, flexible, and transparent offering with clear terms. With competitive rates and convenient options, it’s a strong pick for various life expenses.
