Here's what you need to know
Home improvement loans
To borrow between €1,000 and €30,000, online applications take a few minutes, and you can get a decision within three hours.
For joint applications or to borrow between €30,000 and €50,000, run the numbers through our calculator and ask for a call back
To borrow between €50,000 and €75,000, call us on 0818 724 725.
Loan terms from one to five years, or up to 10 years for some home improvement loans.
Set your own repayment schedule: weekly, fortnightly or monthly. You can take one month off repayments a year – just let us know when 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.
Thinking of going green?
Are you doing green upgrades as part of your home renovation? If you want to buy things like solar panels or energy-efficient heating controls, then you can get a lower interest rate with our new green personal loan at 6.40% APR (Annual Percentage Rate).
Borrow between €3,000 and €30,000 when you apply through the AIB App.
For joint applications or to borrow between €30,000 and €60,000, run the numbers through our calculator and ask for a call back.
You will need to show proof that 50% or more of the loan amount is spent on going green.
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.
How our loans work
We want you to have all the information you need to borrow confidently. Here are a few points to consider.
3 hour online loan approval*
Yes – when you apply online for loans less than €30,000, we really can turn it around this quickly. If you’re a customer with us, we already know a little bit about you, which makes it very straightforward for us to decide how much you can borrow. So, providing you apply telling us everything we need to know between Monday to Friday and between 9:00 and 17:00 (excluding bank holidays), we can let you know our decision within three hours. Once we approve your loan and you request your money, we will put the money into your Current Account.
Understanding our rates
Our personal 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 on a home improvement loan:
A typical €10,000 five-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 60 monthly instalments of €205.69 and the total cost of credit (the total amount repayable less the amount of the loan) is €2,341.4
A representative example for you on a green personal loan:
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.
Can I borrow the full cost of my home improvements?
Yes, we will assess your application based on your ability to make repayments on what you are borrowing. There are no restrictions on what you use the money for when it comes to your renovation plans. If some of your plans involve green home upgrades, then a green personal loan may be more suitable.
When will I receive a decision on my loan application?
We endeavour to give you an instant decision on your loan. If your loan application is referred to our lending team for review you will receive a decision within three business hours. Our business hours are 9.00 to 17.00 Monday to Friday, excluding bank holidays. Although we aim to provide you with a decision within three business hours, this may be extended for technical or other reasons. If you have provided us with your mobile phone number, we will text you once a decision is available. Once a decision is available, you can log into your AIB Internet Banking and select “My Application & Documents” under the “Apply & Open” menu to view the decision.
Who do I contact if I have any queries in relation to my loan application?
If you have a query regarding your loan application please call us on 0818 724 725 or +353 1 771 5610.
How soon will I receive the money?
Once we approve your loan and you request your money, we’ll send the money straight to your Current Account.
How can I pay for home improvements?
Planning home improvements but not sure what finance options are available? Calculate and compare your finance options and discover how we can support you.
How to apply
Already an AIB customer
Apply through Internet Banking or the AIB App for loans from €1,000 to €30,000.
Online applications take just a few minutes to complete.
For larger loans, apply by phone or in branch.
Not yet an AIB customer
You’ll need to apply by phone (0818 724 725) or in branch.
Use the calculator to see how much you could borrow.