Doing the car search?
With AIB you can get an approval on loans from €1,000 within 3 hours.
We all have that thing we'd love to do like buy a car, do up the home or treat a loved one. With AIB you can get an approval on loans from €1,000 within 3 hours.
Competitive Interest rate with loans at 8.95% APR variable
* 3 hour loan decision applies to fully completed new personal loan applications processed within 3 hours 9am-5pm, Mon-Fri excl. bank holidays. Loans from €1,000-€30,000. Excludes applications: to restructure or clear existing AIB credit facilities; received through Branch and referred to a lender for review, from customers in financial difficulty; for Student and First Job loans; applications through Business Centres; or where total borrowings exceed €100,000 (excluding Home Loan debt up to €600,000).
You can apply for a loan of between €1,000 and €30,000 online. For amounts up to €75,000 you can apply in your branch or by phoning us on 1890 724 724
Loans available for 1 to 5 years
Competitive Interest rate for new loans at 8.95% APR variable. Standard lending rate available up to €50,000
Planned repayment holidays available when you take out your loan. You can request to take a repayment break at a set time every year, e.g. at Christmas, so your annual loan repayments are spread over 11 months instead of 12. This repayment option may impact on the amount and/or term of the loan and is only available if requested during loan application
No charge for unscheduled repayments - that means, we won’t charge you extra if you make a payment to your loan outside of your normal scheduled repayment
You may apply online for a loan in your sole name only - joint applications are only available in Branch or over the phone (1890 724 724)
If you are a Student Plus account holder and wish to avail of a Reduced Rate Loan, please apply through your local branch. Alternatively you can call the AIB Student & Graduate Centre on 1890 788 336, lines are open 8am to 9pm Monday – Friday and Saturday 9am to 6pm
If you wish to restructure your existing AIB loan, clear your AIB credit card or overdraft, please contact your local branch to make an appointment with one of our lenders who will go through your application with you
If you hold a Personal Bank Account or AIB Advantage account for more than six months and are registered for AIB Phone & Internet Banking, you can apply for a Personal Loan or Loan Top Up online through AIB Internet Banking and get a decision on your application within 3 business hours. Your salary must be paid directly to your AIB current account
Please see our calculators below which help you:
Work out how much a monthly repayment would be
Indicate how much you may be able to afford
Note: This information is provided for illustrative purposes only. It does not constitute a contract. We are not recording and will not use the information quoted by you in our calculators unless it is being provided as part of a product application. The results are based on the current offered rate for Personal Loans, which is variable. The total amount repayable is based on the assumption that the interest rate remains unchanged for the duration of the loan term.
For loan amounts greater than €50,000 contact your Relationship Manager or local branch.
This handy loan calculator can give you an estimate of how much you could borrow with a Personal Loan from AIB - Please click here
Important information on your Distance Contract
AIB strongly recommends that before purchasing this product you read the Important Information on your Distance Contract.
Personal Lending Interest Rates
View our current rates charged on lendings.
For service related queries please visit our Help Centre.
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 in the future.
The APR (Annual Percentage Rate) for the Loan or Hire Purchase facility depends on the amount borrowed and the term of the borrowing. Terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required.
We use the cost per thousand to calculate the repayments, generally we use the APR, typical example is below:
A typical €1,500 one year loan with a variable interest rate of 8.65% and 8.95% APR(Annual Percentage Rate), where the APR does not vary during the term, would have monthly repayments of €130.48 and the total cost of credit (the total amount repayable less the amount of the loan) would be €65.76.
A typical €15,000 four year variable interest rate Car loan, would have monthly repayments of €369.26 Interest Rate 8.65%, APR 8.95%. If the APR does not vary during the term of the loan, the total cost of credit of this loan i.e. total amount repayable less the amount of the loan, would be €2724.48.
Allied Irish Banks, p.l.c. is an agent of AIB Insurance Services Limited in relation to provision of general insurance products. AIB Car Insurance is exclusively underwritten by AXA Insurance dac. AIB Insurance Services Limited and Allied Irish Banks, p.l.c. are regulated by the Central Bank of Ireland.
Allied Irish Banks, p.l.c. provides Car Finance by way of Personal Loans. Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.