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Green Home, Building, Renovating, Retrofit | AIB

Find out how much you can borrow

We can help you with your plans. Choose what you want to do.

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Let’s look at your options

There might be more than one way to pay for your home improvements. Take a look at your options.

How much are you looking to borrow? e.g. €25,000

For how long? e.g. 10 years

Do you have a mortgage with AIB?

Will the work you plan to do improve the energy efficiency of your home?

This information is provided for illustrative purposes only based on limited information and is not an offer of a loan. It does not constitute a contract. The actual amount you can borrow and how long you can borrow for will depend on your circumstances and is subject to lending criteria, terms and conditions.

We are not recording and will not use the information quoted by you in this calculator.

Certain assumptions have been made when calculating these amounts including that the loan is drawn down today and that repayments are made monthly. Any change in the interest rate, drawdown day, first repayment date or repayment frequency will change these figures. The total amount repayable and cost of credit are based on the assumption that the interest rates remain unchanged for the duration of the loan term.

Additional fees may apply for early repayment of a fixed rate agreement or if an account falls into arrears.

Personal Loan result:

Results are based on the current offered rate for the loan type selected, which is variable. The Annual Percentage Rate (APR) quoted for personal loans is based on a typical loan with a variable interest rate in line with the loan type selected and is not specific to the loan details you have entered.

Lending criteria, terms and conditions apply. Personal loans are only available to over 18s. Subject to approval. Security may be required.

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.

SBCI Home Energy Upgrade Loan Scheme Result:

The interest rate on your loan has been reduced in part, due to a 2% per annum subsidy paid to AIB by the government through the SBCI scheme. The subsidy is paid as long as you continue to qualify for this loan as outlined in the terms and conditions. You don’t have to do anything. The interest rate is variable and is calculated daily on the cleared debit balance on the loan. The interest rate may fluctuate over the period of the loan but your repayments stay fixed throughout. If interest rates rise during the loan term, you may have to make some extra payments at the end of the term and if the rate on your loan falls, you may pay off your loan earlier.

The Home Energy Upgrade Loan Scheme is offered by the Strategic Banking Corporation of Ireland (SBCI) with the support of the Department of the Environment, Climate and Communications, the European Investment Bank and the European Investment Fund. The Home Energy Upgrade Loan Scheme benefits from a guarantee from the European Union.

The Top-up Mortgage result:

A Top-up mortgage is only available to existing AIB mortgage customers. If you’re considering a Top-up mortgage which is a second mortgage loan on your home, the amount you can borrow depends on factors including the balance on your current AIB mortgage loan, the value of your home, what you can afford to repay, what you plan to spend the money on and more.

Results are based on the current 5 year Fixed rate for the loan type selected at 50-80% Loan to Value (LTV), followed by the current 50-80% LTV variable rate for the remainder of the term. For variable rates, we calculate the Annual Percentage Rate Charges on the basis that the current rate will remain unchanged for the full term of the loan.

Our Annual Percentage Rate Charges include valuation fees of €150 and €65 and a €60 security release fee (at the end of the mortgage term). You may need to pay solicitor’s fees, review your home insurance and property insurance and more if you choose a Top-up mortgage.

If you break out of a fixed rate before that rate ends we may charge you a breakage cost. For further information please click the Home Mortgage Regulatory Information.

Warning: If you do not keep up your repayments you may lose your home.

Warning: You may have to pay charges if you pay off a fixed-rate loan early.

Warning: The cost of your monthly repayments may increase.

Tel: +353 (0)1 6600311. Registered in Ireland: Registered No. 24173 Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Copyright Allied Irish Banks, p.l.c. 1995

Allied Irish Banks, p.l.c. is an authorised agent and servicer of AIB Mortgage Bank u.c. in relation to origination and servicing of mortgage loans and mortgages. AIB Mortgage Bank u.c. is regulated by the Central Bank of Ireland

Green Living: Home

Home upgrades for big changes or small.
 
If you are planning to DO MORE, find out how we can back you.
Compare finance options

Help at hand

Thinking of going green, we can inspire and help you as you change to a more energy efficient and sustainable home.

      

 

Workers installing solar panels on a roof.

Explore Solar Panel PV (photovoltaic) Calculator

 Solar PV is the type of rooftop solar commonly seen on homes and businesses. These solar panels collect sunlight and convert it into the electricity that powers homes. 
 
 With initial investment, depending on the size of your home and your current electricity use, solar panels can help lower your energy bill costs and reduce the need to burn fossil fuels to power electrics and heat your home.
 
 Use our Solar PV Calculator to estimate how many panels you may need, the approximated costs, Sustainable Energy Authority of Ireland (SEAI) grants available and the potential energy savings.
 
Solar PV Calculator

 

 

    

Green finance options

Let’s take a look at some lower rate green finance options developed as part of our pledge to DO MORE.

Green fixed rate mortgages

If you are buying, building or switching to a high energy rated home, we are offering a lower fixed rate of interest. 
Our green fixed mortgage rates

Green personal loan

With a green personal loan from AIB, you can make your new car or home improvements a more sustainable choice.
 
Please note 50% of the loan must be used for ‘Green’ purposes, evidenced by a quote or invoice. Click below to see the full eligibility criteria.
Our green personal loans

SBCI Home Energy Upgrade Loan Scheme

Improving the energy efficiency of your home by 20% or more through a *One Stop Shop provider, Energy Partner or Community Project Co-ordinator.

*One Stop Shop (OSS) is a registered, end-to-end service provider that manages a comprehensive home energy upgrades from start to finish.

SBCI home energy upgrade loan scheme

Top-up mortgage

If you are an existing AIB mortgage customer you could borrow against the equity in your home to pay for energy efficiency improvements.
More about mortgage top-up

  

AIB Homes Retrofit Report

With almost half of consumers wanting to improve their homes’ energy efficiency, our sustainability research report highlights various options, grants and lower-cost bank loans available to consumers.

Man installing solar panels on a roof.

Our AIB Homes Retrofit report aims to:

 Explain the various elements and costs involved in retrofitting a home.
 
 Highlight the various retrofit grants available to homeowners and who is eligible.
 
 Explain loan options available to homeowners, including green personal loans, green mortgages, and the recently introduced Strategic Banking Corporation of Ireland (SBCI) Home Energy Upgrade Loan Scheme.
 
 Provide an in-depth explanation of the elements of a home retrofit.
 
 Introduce some case studies from both One-Stop-Shop providers and consumers.
 
Full Homes Retrofit Report (PDF, 42 pages, 3.7MB)

 

 

 

 

Our purpose is empowering people to build a sustainable future

We are building a more sustainable business, transitioning with the reciprocal support of our colleagues, customers and stakeholders in society.  We’ve financed greener homes and supported businesses as they transition to become more sustainable. We’ve financed renewable energy projects and tripled our Climate Action Fund to €30 billion.
 
We are clear about our sustainability reporting, as we believe is indisputable approach to embed sustainable practices.
 

 

 

Important/Regulatory Information

The above content is expressed in broad terms and is limited to general information purposes only. Readers should always seek professional advice to address issues arising in specific contexts and not seek to rely on the above information which does not constitute any form of advice or recommendation by AIB.
 
If you’re planning energy efficiency improvements to you home you could apply for the AIB Green Mortgage rate once your top up mortgage loan is fully drawn down and you supply us with a valid BER Cert showing us that your home now has a BER rating between A1 and B3. A valid Building Energy Rating (BER) Certificate is required to confirm eligibility.
 
Some of the links above bring you to external websites. Your use of an external website is subject to the terms of that site.
 
Allied Irish Banks, p.l.c. is an authorised agent and servicer of AIB Mortgage Bank u.c. in relation to origination and servicing of mortgage loans and mortgages. AIB Mortgage Bank u.c. is regulated by the Central Bank of Ireland.