For All Credit Products
Lending criteria, 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.
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 the total cost of credit (the total amount repayable less the amount of the loan) would be €61.92.
For Student Contribution Charge Loan
An example of 3 annual drawdowns of €3,000, totalling €9,000, with interest only repayments over the 3 years, followed by 3 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 i.e. 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 9 years (up to 4 years with flexible payment options and 5 years full capital and interest repayments on the balance). The maximum amount of the loan is €12,000 (up to 4 annual drawdowns of €3,000). Evidence may be required. A new credit application is required each year to draw funds down.
Personal Lending Interest Rates
AIB Student Plus Account Terms and Conditions and Associated Benefits
Important information on your Distance Contract
AIB strongly recommends that before purchasing this product you read the Important Information on your Distance Contract.
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