We’ve helped many students manage the cost of their college education. If you have a Student Plus Account with us, we have options to help you finance your education.

 

Options to finance your education

 

Student Personal Loans

If you have a Student Plus Account with us, you can apply for a student loan at a competitive interest rate up to a maximum of €50,000.

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    How Student Personal Loan works

    • Competitive interest rate for new loans at 8.15%, APR (Annual Percentage Rate) of 8.45%, subject to variation

    • Loan terms from one to five years

    • You make repayments on the loan every month which are made up of the amount you borrowed plus interest

    • You can make extra payments at any time with no penalty

    • We may need a parent or guardian to guarantee the loan

     

    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 the credit (the total amount repayable less the amount of the loan) of €61.92

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Get a Quick Quote on your Student Personal Loan


  • Select term(months)..
  • 12
  • 24
  • 36
  • 48
  • 60
Select term(months)
Calculate
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Monthly Repayments:
Total amount repayable:

To apply, call 1890 724 724 or book an appointment

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 current offered rates for Student Loans, which is variable. 

Student Contribution Charge Loan

We have a flexible payment solution for students to fund the Student Contribution Charge (registration fees).

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    How the Student Contribution Charge Loan works

    • You can apply for a loan of up to €3,000 for each year of your course (up to four), to cover the cost of your Student Contribution Charge and other fee related expenses (four annual drawdowns of €3,000, totalling €12,000)

    • Subject to approval, you can choose an interest only repayment option and make minimum monthly interest repayments for the duration of your course (maximum 4 years). Interest-only repayment options may appear cheaper in the short term but will be more expensive over the term of the loan

    • When you complete your course, you will begin making full repayments on the total amount you owe over a maximum of five years

    • The maximum term is nine years (up to four years with flexible payment options and five years full capital and interest repayments on the balance)

    • You can make extra payments at any time with no penalty.

    • The loan cannot be used to for exam resits, repeating a year, or for any post-graduate study. We may ask you to prove this if required

    • You need to apply each year that you need the loan.

    • If you haven’t paid the minimum amount in a year, you won’t qualify for the next year.

    • We may need a parent or guardian to guarantee the loan.

    • Take a look at our table to see what the repayments on a €9,000 loan over 6 years might look like:

     

     

    Year(s)

    Drawdown

    Interest Rate

    APR

    Minimum Monthly Repayment

    1

    €3,000

    8.15%

    8.45%

    €19.45

    2

    €6,000

    8.15%

    8.45%

    €38.90

    3

    €9,000

    8.15%

    8.45%

    €58.34

    4-6

    €9,000 reducing

    8.15%

    8.45%

    €281.65

     

    This is just an illustration. The figures are based on our interest rates at 30 June 2016 and may not be exactly the same if we agree a loan with you.

     

    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 €2539.68. The Annual Percentage Rate (APR) is based on our Student Loan Rate and amount borrowed.

     

    The total cost of credit and monthly repayments upon graduation is subject to the total amount borrowed, interest rates and term of loan.

     

    Based on a loan drawdown of 13/06/2016 and a first repayment date of 30/06/2016.

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Related Products

Student Interest Free Overdraft

extra balance on your current account that you can use temporarily.

Student Credit Card

Designed to fit your budget and financial needs.

Need to talk to us about financing your education?

  • Contact our specialist team on 0818 303 203 (8am to 9pm Monday to Friday and 9am to 6pm on Saturdays)

  • Call into your local AIB branch

 

Help and Guidance

Our Student Plus Account Terms and Conditions

Information about our Student Plus Account

 

About our loans
General Information about our personal loans
 

Personal Lending interest rates
These are the rates we charge.
 

Important information on your Distance Contract
We recommend you read this before you borrow. 


Help Centre
For service please visit our Help Centre.

 

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    Important/Regulatory Notice

    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. 

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Other Information

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.  Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.

Related Products / Contents

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.

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