How much can you borrow?

The amount you can borrow is based on your capacity to make regular repayments. It's important not to overstretch your finances and to take into consideration the possibility of future unexpected expenses.

 

The interest rate on an AIB Personal Loan is variable and may change. However, your regular repayments stay the same, so if interest rates rise during the loan term, you will have to make some extra payments at the end of the term. If the rate on your loan falls, you may pay off your loan earlier. You have the option of paying back your loan early or making unscheduled, additional repayments through your branch or Internet Banking at any time with no penalty.

Rates and Repayments

 

 

5 years

7 years

10 years

€10,000

€210.33

€163.75

€129.71

€20,000

€420.66

€327.50

€259.43

€30,000

€630.98

€491.25

€389.14

€40,000

€841.31

€655.00

€518.86

€50,000

€1,051.64

€818.75

€648.57

 

A typical €10,000 five year variable interest rate loan will have monthly repayments of €210.33 Interest Rate 9.62%, APR (Annual percentage Rate) 9.99%. If the APR does not vary during the term of the loan the total cost of credit of this loan i.e. total amount repayable less the amount of the loan, would be €2,619.80. The APR is based on our Variable ‘A’ Loan Rate and amount borrowed.

Already a customer banking online with us?

You can apply for a Home Improvement Loan via Internet for approval within 3 hours*. With Personal Loan from AIB you can:

  • Pick a term and amount that suits you - between 1 and 5 years and for amounts of between €1,000 and €30,000

  • Once approved the funds can be put immediately in your account

  • To apply, log on to your Internet Banking account via aib.ie


Or you can come in to your local branch or call us and one of our helpful personal loans advisors can help guide you through your application and can usually give you a decision on the spot.

*Although we aim to provide a decision within 3 business hours, this period may be extended for technical or other legitimate reasons. Our business hours are Monday to Friday from 9am to 5pm, excluding bank holidays.

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    Online Personal Loan - Key Information

    • If you hold a Personal Bank Account or AIB Advantage account for more than six months and are registered for AIB Phone & Internet Banking, you can apply for a Personal Loan or Loan Top Up online through AIB Internet Banking and get a decision on your application within 3 business hours. Your salary must be paid directly to your AIB current account.
    • You can apply for a loan of between €1,000 and €30,000 online. For amounts over €30,000 please contact your local branch or call us on 1890 724 724
    • Competitive Interest rates with loans for less than €10,000 at 12.99% APR and loans over €10,000 at 9.99% APR
    • You may apply online for a loan in your sole name only - joint applications are not available
    • If you are a Student Plus account or Graduate account holder and wish to avail of a Reduced Rate Loan, please apply through your local branch. Alternatively you can call the AIB Student & Graduate Centre on 1890 788 336, lines are open 8am to 9pm Monday – Friday and Saturday 9am to 6pm
    • If you wish to restructure your existing AIB loan, clear your AIB credit card or overdraft, please contact your local branch to make an appointment with one of our lenders who will go through your application with you
    • If you are not registered for AIB Phone & Internet Banking, or not currently an AIB customer, you can still apply for a Personal Loan online just click the ‘Not registered for Internet Banking? – Apply here’ button and fill out the online application form.

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New customer, don't bank online with us or want to apply for more than €30.000?

You can apply for a personal loan in your local branch or over the phone

  • Our loan advisors in branch or on the phone can discuss your options and help with your application

  • Pick a term and amount that suits you - between 1 and 5 years for amounts of €1,000 or more

  • When you're applying you can speak to us about a repayment schedule that will suit you, such as planned repayment holidays, e.g. take a break from your repayments for Christmas. Scheduled flexible repayment options may impact on the amount and/or term of the loan

  • No penalty for unscheduled repayments

  • Click here for your application options  

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    Features

    • Terms available from 1 to 10 years, up to €50,000. For terms longer than 7 years where the amount sought is greater than €30,000, you will need to provide additional documentation. For amounts greater than €50,000 come and talk to us
    • Borrow from €1000
    • Competitive Interest rates for loans less than €10,000 at 12.99% APR and loans over €10,000 at 9.99% APR
    • When you're applying you can speak to us about a repayment schedule that will suit you, such as planned repayment holidays, e.g. take a break from your repayments for Christmas. Scheduled flexible repayment options may impact on the amount and/or term of the loan
    • Choose from weekly, fortnightly or monthly repayments
    • No penalty for unscheduled repayments, so if you save money from work which reduces your energy usage; you can pay this into your loan and repay it more quickly.  If you are eligible for a grant from SEAI you can arrange to have your grant paid directly into your loan account.


    Depending on your circumstances and needs, an AIB Top-Up Mortgage may also be an option for you to consider.

     

    Additional Requirements

    Finance for home improvements eligible for:

    a)   the Home Renovation Incentive (HRI) scheme or,

    b)   the Sustainable Energy Authority Ireland (SEAI) Better Energy grant schemes for homes or

    c)   any grant-aided home improvements scheme or

    d)  any combination of the above

    Home Renovation Incentive Scheme
    Sustainable Energy Authority of Ireland

    Costings/invoices to be provided upfront
    For grant-aided schemes, evidence of approval for grant funding must be provided upfront.

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Ways to Apply

Online: Apply Online

 

Phone: Call 1890 724 724 (lines are open Monday to Friday 8am-9pm and Saturday 9am-6pm)

 

Branch: Drop into any AIB branch


New Customer/not yet registered for Internet Banking  

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Help and Guidance

Important information on your Distance Contract


AIB strongly recommends that before purchasing this product you read the Important Information on your Distance Contract.
 

Help Centre

For all service related queries please visit our Help Centre.

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.

Other Information

Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required. A typical €1,500 one year variable interest rate loan will have monthly repayments of €133.46 Interest Rate 12.38%, APR (Annual Percentage Rate) 12.99%. If the APR does not vary during the term of the loan the total cost of credit of this loan i.e. total amount repayable less the amount of the loan, would be €101.52.

Get a Quick Quote for a Personal Loan


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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 current offered rates for Personal Loans. Rates are variable and are determined by the amount of the loan. The total amount repayable is based on the assumption that the interest rate remains unchanged for the the duration of the loan term.

For loan amounts greater than €75,000 contact your Relationship Manager or local branch.