An Post Money Personal Loan
Low fixed rates from 6.9% APR for loans under €30k, no set-up or early repayment fees. Apply easily online—fast approval and flexible terms suited to your needs.
Introducing the An Post Money Personal Loan
The An Post Money Personal Loan offers some of the most competitive fixed rates in Ireland, starting at 6.9% APR for loans under €30,000. Available amounts range from €5,000 up to €75,000, with terms stretching from one to ten years. Notably, there are no set-up or early repayment fees, making this a budget-friendly option for both short-term and long-term borrowing.
Monthly repayments for a €20,000 loan over five years would be approximately €393.20, making it easy for borrowers to budget with clarity. For smaller loans, such as €5,000 over three years, the rate is slightly higher at 8.4% APR, but still remains competitive compared to other lenders in Ireland. Total costs and rates are clearly outlined before committing, so you know exactly how much you’ll pay over the lifetime of your loan.
With online approval often available in minutes and funds released as soon as the next business day, the application process is designed for speed and convenience. Supporting documents—such as proof of identity, address, and income—are uploaded digitally through their Document Hub. Eligibility requires Irish residency and being over 18, with a satisfactory credit profile.
Step-by-Step Application Guide
1. Begin the online application on the An Post Money website, where you’ll indicate your loan amount, term, and purpose.
2. Upload proof of identity (such as a passport or driver’s licence), address (utility bill or bank statement), and income (bank statement or payslip) via the secure Document Hub.
3. Complete a standard credit check and enter your PPS number. Eligibility is assessed based on your creditworthiness and repayment capacity.
4. On approval in principle, review and accept your offer. Set up a direct debit for monthly repayments for streamlined account management.
5. Receive your funds directly into your account, usually on the next business day after final approval.
Highlights and Advantages
The An Post Money Personal Loan stands out for its transparent and affordable rates, with no hidden charges for set-up or early repayment. The fixed APR lets borrowers clearly understand their monthly outgoings upfront.
A fully digital application process means no paperwork is required post-submission. Most applicants receive a decision in principle within minutes, making the process efficient and hassle-free.
Flexible borrowing limits and repayment terms cater to diverse financial needs, whether it’s for home improvements, education, or consolidating debt. Borrowers benefit from predictable repayments and fast access to funds.
Special offers, like a €15 One4all Gift Card promo upon drawdown, provide additional incentive and value for new applicants. A green loan option is also available for energy-efficient purchases.
Customer support is readily available for anyone needing guidance throughout the application, with call centre hours covering weekdays and Saturday mornings.
Potential Drawbacks to Consider
While fixed rates are attractive for many, individuals with top-tier credit ratings might find even lower rates elsewhere or through special employer schemes.
The minimum loan amount is €5,000, which may not suit those seeking a smaller loan—these applicants are referred to An Post Money credit cards instead.
The service is only available to ROI residents over the age of 18, so those outside this criteria cannot apply.
Late payments incur a €10 charge, which could add up if repayments are missed. Strict documentation standards must be followed for proof of address and income submission.
The loan is subject to a satisfactory credit check, so those with adverse credit histories may not be eligible for the best rates or approval.
Final Verdict
Overall, the An Post Money Personal Loan brings together transparency, value, and convenience. Its low fixed rates and absence of hidden fees make it a solid choice for many borrowers in Ireland.
The quick digital application process and rapid fund release cater to those in need of efficient, reliable financing. For anyone seeking a personal loan with no setup fees and clear terms, this offer is strongly worth considering.
