Tailor your loan
If you're looking for a little something extra or planning for the future, you can turn your plans into reality with a loan. Please choose the option that works best for you.
Calculate your repayments
Enter a couple of details below to estimate your repayments
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 this calculator. The results are based on the current offered rate for the loan type selected, which is variable. Certain assumptions have been made when calculating these amounts including that the loan is drawn down today and that the first repayment is made based on the frequency you have selected. If you have selected a monthly repayment frequency and you are using this calculator on the 29th, 30th or 31st of a month which precedes a month which doesn’t have the same number of days, it is assumed your first repayment will be the last day of the following month. Any change in the interest rate, drawdown day, first repayment date, or repayment frequency will change these figures. The total amount repayable and cost of credit are based on the assumption that the interest rate remains unchanged for the duration of the loan term. The APR quoted for personal loans is based on a typical loan with a variable interest rate in line with the loan type selected and is not specific to the loan details you have entered. The APR quoted for hire purchase is based on a typical loan with a fixed interest rate. For hire purchase, a documentation fee of €63.49 will be charged with the first repayment and an additional purchase fee of €12.70 payable with the final repayment. Additional fees may apply for early repayment of a fixed rate agreement or if an account falls into arrears.
Are you already an AIB customer?
Select the correct option based on whether or not you have an AIB Current Account.
The amount you can borrow is based on your capacity to make regular repayments. It's important not to overstretch your payments and to consider the possibility of unexpected expenses.
Loan application
Choose how you wish to apply.
To apply online you’ll need to be:
Please choose your mobile platform
Thank you
We will be in contact with you shortly to go through the next steps.
What you'll need
To help us assess your ability to repay the loan, and to confirm your identity, we may ask you to provide some of these documents:
-
Your ID (for example, a passport or drivers licence)
-
Proof of your home address (for example, a utility bill or bank statement)
-
An original or electronic version (for example, a PDF or photo) of a document showing your Personal Public Service Number (PPSN) or Tax Reference Number (TRN) and full name. For a full list of acceptable documents and more information on how to provide it, visit www.aib.ie/ccr
-
Your current employment details, if you’re in work
-
Your annual income and monthly expenses
-
Details of any other loans you have
Your loan factsheet
All you need to know about our loans at a glance.
Oops, an error occurred!
Here’s what you need to know
-
Borrow up to three times your monthly salary, between €1,000 and €8,000.
-
Loan terms from six to 60 months, or up to the end of your job contract.
-
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.
-
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?
-
It’s available if you’re between 18 and 30 years old.
-
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.
-
You have met all your direct debits and standing orders in the last six months.
-
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
-
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.
-
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.
-
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.
-
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.
Before proceeding please read our Site Use Terms and Conditions, Privacy & Cookie statements which apply to your use of this website. AIB and AIB Group are registered business names of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2.
