Personal Finance for Graduate Account holders

With our Graduate Finance you can get a head start as you make the transition from university to working life. 

AIB First Loan

Graduating is another step among other things, towards financial independence. It may be time to use your earning power to get some finance for the things you want.


AIB First Loan is designed especially for you if you are aged between 18 and 30 and want to borrow a small multiple of your monthly salary. Borrowing small amounts is a great way to get the things you want while staying in control of your spending.

We can help you:

  • find out how much you can borrow

  • answer your questions here, or in a branch

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    AIB First Loan - What you need to know

    • You can borrow up to 3 times your net monthly salary, from €1,000 to €8,000

    • Pay it back over a term from 6 to 60 months, or up to the end of your job contract whichever is shorter

    • Choose from weekly, fortnightly or monthly repayments

    • Competitive Interest rate at 8.95% APR

    • Call 1890 724 724 (our lines are open Monday to Friday 8am – 9pm and Saturday 9am – 6pm) or drop into your local branch, whichever is easiest for you

    • Of course there are terms and conditions to our loans. We will tell you more about these when you apply.

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    Who can apply?

    To apply for a First Loan, you need to:


    • Be aged between 18 and 30

    • Have your salary paid into a AIB account and have had at least one month’s salary (minimum €1,500) paid into it

    • Have met all your direct debits and standing orders on your account in the last six months

    • Give us a copy of your job contract if we ask you to

    • Have not held a loan with us before (other than a student loan)

    A typical €1,500 one year loan with a variable interest rate of 8.65% and 8.95% APR (Annual Percentage Rate), where the APR does not vary during the term, will have monthly repayments of €130.48,  and a total cost of the credit (the total amount repayable less the amount of the loan) of €65.76.

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Interest Free Overdraft (up to €1,000)

While you hold a Graduate Account with us, you can apply for an interest free overdraft up to €1,000. We won’t charge you our Standard Overdraft Facility Fee of €25.39 and we won’t charge you interest once we agree with you that you can overdraw your account by up to €1,000. After €1,000 we will charge you Standard Variable 'A' Personal Overdraft Rate which is 11.85% Interest Rate and subject to variation.


An interest Free Overdraft gives you an extra balance on your current account that you can use temporarily.

Who can apply?

  • Graduate Account holders with us

  • Student Plus Account holders with us, who have graduated from full-time third level education in the last two years and who are prepared to open a Graduate Account with us.

  • Anyone who has graduated from a full-time third level course of three years duration or more in the last two years and who are prepared to open a Graduate Account with us.

Get a Quick Quote for a Personal Loan

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

To apply, call 0818 303 203 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 the current offered rate for Personal Loans, which is variable. The total amount repayable is based on the assumption that the interest rate remains unchanged for the duration of the loan term.

The minimum loan amount is €1,000 and the maximum is €8,000.

Need to talk to us about financing your education?

  • Contact our specialist team on 0818 303 203 (Monday to Friday 9:00 to 17:00)

  • Call into your local AIB branch

Help and Guidance


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.

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.