Here’s what you need to know
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Borrow up to three times your monthly salary, between €1,000 and €8,000.
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Loan terms from six to 60 months, or up to the end of your job contract.
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Set your own repayment schedule: weekly, fortnightly or monthly. You can take one month off repayments a year – just let us know at the time of loan application. This repayment option may affect the amount and/or term of the loan.
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There are no penalties if you ever decide to make an extra repayment or repay your loan earlier than planned.
Are you suitable for a first loan?
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It’s available if you’re between 18 and 30 years old.
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You’ve already had at least one month’s salary (€1,500 or more) paid into an AIB Current Account. You may be asked to provide us with a copy of your job contract.
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You have met all your direct debits and standing orders in the last six months.
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It’s your first time to borrow and you have not held a loan with us before (other than a student loan).
How our loans work
We want you to have all the information you need to borrow confidently. Here are a few points to consider.

Understanding our rates
Our first loan interest rates at 8.65% and 8.95% APR (Annual Percentage Rate) are some of the most competitive and consistent on the market, but they are variable. If your rate changes, your repayment amounts stay the same. So, if the rate rises during the loan term, you will have to make extra payments at the end of the term, and if the rate falls, you might pay off your loan sooner.
A representative example for you:
A typical €1,500 one-year loan with a variable interest rate of 8.65% and 8.95% APR (Annual Percentage Rate), where the interest rate and APR does not vary during the term, has 12 monthly instalments of €130.48 and the total cost of credit (the total amount repayable less the amount of the loan) is €65.76.


How to apply
For some of our loans, including this one, applications are by phone or in person only. That’s because we need a little bit more information in order to approve the loan. For example, we may need to see your job contract. Applications over the phone or in person take a few minutes, and we’ll help guide you through the process. Give us a call on 0818 724 725 or use our calculator to see how much you could borrow and ask for a call back.
Regulatory information
Common questions
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What can I use the AIB First Loan for?
We understand that there are certain times in your life when you need some help to get your foot on the ladder. AIB First Loan is specifically designed for you if you’re starting out. First loan can offer you up to three times your monthly salary – a little help if you’re just getting started in a new job, new home or new city.
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I’m still at college, can I apply for an AIB First Loan?
AIB First Loan is for someone who has a full time job, or is starting out in new job, and has never had a loan with us before (other than a student loan). If you’re a student, our student loans may suit you better.
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Do I need to open an AIB Current Account first?
Yes, to apply you’ll need at least one month’s salary (€1,500 or more) paid into an AIB Current Account. You may also be asked to provide us with a copy of your job contract.
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How soon will I receive the money?
Once your loan is approved and you request your money, we’ll send the money straight to your Current Account.