Payment Break - The Closing Date for first applications is 30 September click here for more information. If you are already on a payment break, click here for information about an extension.
Important Information About Payment Breaks
A payment break may result in higher monthly payments over the term of the mortgage / loan / facility.
If you are in a position to continue or revert to making payments it is in your financial best interests to do so as the cost of credit may increase because of the payment break.
Get the help you need
We have put supports in place for our customers impacted by COVID-19, including a three month payment break for Personal, Business and Home loan customers.
Find out how we can help.
Frequently Asked Questions
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Who is eligible to apply for a mortgage payment break?
Any of our mortgage customers who have been affected by COVID-19, (whether it is their own home or one they rent out) can apply for a payment break. We will do our best to help you. You can find more information here.
If you are a mortgage customer in Northern Ireland and have been affected by COVID-19 you can apply here.
If you have purchased your mortgage protection through AIB you can also apply for a 3-month payment holiday on your mortgage protection. Just call Irish Life on 01 704 1010 (Opening hours Monday - Thursday 8am to 8pm, Friday 10am to 6pm, Saturday 9am to 1pm).
To apply for payment breaks on Ark Life policies due to COVID-19 please call Ark Life on 1890 252 364 or if outside ROI please call +353 1 704 1244
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What happens when the payment break on my mortgage ends?
When the payment break (moratorium/interest-only period) or interest-only period ends, we will increase your monthly repayments over the remaining term of your loan to ensure that your mortgage and its interest will be repaid within its original term.
However, if you want to apply for a further three month moratorium or pay interest only for a further three months, you can apply online or call us
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Will you be closing branches?
- Our branches are operating normally. We are making sure there is minimum disruption to our services.
- We’ve closed our university branches in line with government guidelines. We plan to keep the rest of our network open to support customers. If anything changes you’ll find the latest information here.
- Our customers can bank with us day and night using internet banking and our mobile app.
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What are you doing to keep customers and staff safe in branches?
- We have arranged more cleaning of branches and self-service machines and ATMs in line with HSE recommendations.
- We have set aside the first hour of each day (10am-11am) for elderly and vulnerable customers and ask all other customers to arrange their banking outside these times
- To maintain social distancing we are limiting the number of customers who can come into our branches at any one time. This may result in some customers having to wait outside for a while. As a reminder, many banking services are available online, on our mobile app and through phone banking.
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What are you doing to support Irish businesses through this crisis?
- As many businesses are facing disruption because of COVID-19, we aim to continue to support customers through this. If your business is facing difficulty, you can contact us if you need advice or support.
- We are remaining flexible in our response as the situation evolves. You can find our solutions for businesses here.
A message from Colin Hunt, CEO
We recognise the extraordinary pressure on families, individuals, businesses and communities as a result of the sudden disruption of the COVID-19 pandemic. All our staff and systems are focussed on supporting our customers and economy through this unprecedented crisis. To that end we have in place a range of robust measures designed to buttress customers against the enormous challenges now facing us. I urge anyone experiencing difficulties to contact the bank as early as possible.
Yours Sincerely,
Colin Hunt, AIB Group CEO
Government resources and updates
The government has announced a National COVID-19 Income Support Scheme. This will provide financial support to Irish workers and companies affected by the crisis.
Latest information
- Health information - HSE or Department of Health
- Travel information - Department of Foreign Affairs
- Irish Government’s COVID-19 Response: Gov.ie
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