For All Credit Products
There are terms and conditions to our loans. We will tell you more about these when you apply.
We will only offer a loan to you if you are over 18 years and when we think you have the ability to pay it back. We may ask for security for the loan.
For Student Loan Products
A typical €1,500 one year loan with a variable interest rate of 8.15% and 8.45% APR (Annual Percentage Rate), where the APR does not vary during the term, will have monthly repayments of €130.16 and a total cost of credit (the total amount repayable less the amount of the loan) of €61.92.
For Student Contribution Charge Loan
An example of three annual drawdowns of €3,000, totalling €9,000, with interest only repayments over the three years, followed by three years capital and interest repayments of the full outstanding capital balance of €9,000 will have monthly repayments of €19.45 in year one, €38.90 in year two, €58.34 in year three, and €281.65 in years four to six. Example assumes 3.3% discount applies in all years. Interest Rate 8.15%, APR 8.45%. If the APR does not vary during the term of the loan the total cost of credit of this loan (total amount repayable less the amount of the loan), would be €2,539.68. The Annual Percentage Rate (APR) is based on our Standard Variable 'A' Personal Loan Rate (less 3.3% discount for the Student Contribution Charge Loan) and amount borrowed. The maximum term of the loan is nine years (up to four years with flexible payment options and five years full capital and interest repayments on the balance). The maximum amount of the loan is €12,000 (up to four annual drawdowns of €3,000). We may ask for proof of what the loan is for. Customers have to apply each year that they need the loan.