Green Loan, Green Personal Loan, Low Rate Loans Ireland | AIB

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

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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.

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        The information supplied by you on this form will be held and used solely by AIB for the purposes of responding to your request.

        Thank you

        We will be in contact with you shortly to go through the next steps.

        Green personal loans

        We’re lending today to save tomorrow. With a lower rate green personal loan from AIB, you can make your new car or home improvements a sustainable choice, helping to reduce emissions and fight climate change.

        Here’s what you need to know

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          Borrow between €3,000 and €30,000, when you apply through the AIB App.

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          For joint applications or to borrow between €30,000 and €60,000, run the numbers through our calculator and ask for a call back.

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          You will need to spend 50% or more of the money on a green initiative (see the list below).

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          This loan is offered with a lower rate of 6.40% APR (Annual Percentage Rate).

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          Loan terms up to 10 years, depending on the amount and purpose of your loan.

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          Set your own repayment schedule: weekly, fortnightly or monthly.

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          There are no penalties if you ever decide to make an extra repayment or repay your loan earlier than planned.

        It may take longer than three hours to get a decision on a green personal loan, bearing in mind the documents you need to provide to confirm 50% or more will be spent on going green.

        What sort of thing can you borrow for?

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          Wall, attic and floor insulation

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          Window and door upgrades or replacements

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          Ventilation systems

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          Renewable energy systems, including heat pumps and solar panels

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          Sustainable water systems

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          Boiler upgrades and pipe insulation

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          Installation of energy efficient heating controls

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          Battery electric or plug-in hybrid electric vehicles and home charger units

        How it works

        A lower rate for going green

        You will be asked to include evidence of your purchase, which should be at least 50% green, by providing a quote or invoice within your application.

        Our interest rates are some of the most competitive and consistent on the market and this is our lowest personal loan rate at 6.25% and 6.40% APR (Annual Percentage Rate). Our rates 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.

        The green personal loan is not available to top up existing loans, car hire purchases or finance agreements.

        A representative example for you:

        A typical €10,000 five-year green personal loan with a variable interest rate of 6.25% and 6.40% APR (Annual Percentage Rate), where the interest rate and APR does not vary during the term, has 60 monthly instalments of €194.41 and the total cost of credit (the total amount repayable less the amount of the loan) is €1,664.60.

        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.

        Common questions

        How to apply

        Already an AIB customer

        Apply through the AIB App for a green personal loan from €3,000 to €30,000.

        Applications take just a few minutes to complete.

        For larger loans or joint applications, you can apply for a green personal loan by phone.

        Not yet an AIB customer

        You’ll need to apply by phone (1890 724 724). Use the calculator to see how much you could borrow.

        We pledge to DO MORE

        Over the last number of years we have been working to build a more sustainable business. We’ve invested in wind energy projects, launched a €5 billion climate action fund and created a green mortgage. 

        And yet, it’s still not enough. And we will keep telling ourselves that every day. AIB alone is not the solution to climate change, but we are doing everything we can to be a part of it.

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