Fixed or Variable Rate?

You can choose between a fixed interest rate (including our new green rate), a variable, or a combination of both.

Fixed rate

A fixed rate mortgage has a rate of interest which doesn’t change for a set period of time, so you know exactly how much you pay every month. A fixed rate makes it easier to budget for payments. But remember it’s fixed for a certain time like three, five or seven years and if you change it before the end, we may charge you a fee. 

Green 5 Year Fixed Rate

If you are buying or building a high energy rated home, we are offering a new, lower rate of interest. You can choose this rate if you are buying or building a property in which you are going to live once it has a BER rating between A1 and B3.

Find out more

Variable rate

variable rate mortgage has a rate of interest which can change. We will always tell you in advance if it is going to go up or down and how your monthly repayment amount will change as a result.

Where you see LTV, it stands for Loan to Value. It refers to the ratio of your loan to the value of the property. We offer different rates depending on that ratio. 

Mortgage Loan Rates
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Rate type Interest Rates APRC Cost per €'000
LTV Variable >80% 3.15%
LTV Variable >50%<=80% 2.95%
LTV Variable <=50% 2.75%
1 Year Fixed 3.15%
2 Year Fixed 3.15%
3 Year Fixed 2.55%
4 Year Fixed 2.85%
5 Year Fixed 2.55%
7 Year Fixed 3.15%
10 Year Fixed 3.30%
Green 5 Year Fixed 2.45%
LTV Variable >80% 3.15% 3.22% €5.62
LTV Variable >50%<=80% 2.95% 3.01% €5.52
LTV Variable <=50% 2.75% 2.81% €5.42
1 Year Fixed 3.15% 3.22% €5.62
2 Year Fixed 3.15% 3.22% €5.62
3 Year Fixed 2.55% 3.03% €5.32
4 Year Fixed 2.85% 3.10% €5.47
5 Year Fixed 2.55% 2.93% €5.32
7 Year Fixed 3.15% 3.22% €5.62
10 Year Fixed 3.30% 3.34% €5.69
Green 5 Year Fixed 2.45% 2.89% €5.27
LTV Variable >80% 3.15% 3.21% €4.82
LTV Variable >50%<=80% 2.95% 3.01% €4.71
LTV Variable <=50% 2.75% 2.80% €4.61
1 Year Fixed 3.15% 3.21% €4.82
2 Year Fixed 3.15% 3.21% €4.82
3 Year Fixed 2.55% 3.06% €4.51
4 Year Fixed 2.85% 3.11% €4.66
5 Year Fixed 2.55% 2.97% €4.51
7 Year Fixed 3.15% 3.21% €4.82
10 Year Fixed 3.30% 3.32% €4.89
Green 5 Year Fixed 2.45% 2.93% €4.46
LTV Variable >80% 3.15% 3.21% €4.29
LTV Variable >50%<=80% 2.95% 3.00% €4.19
LTV Variable <=50% 2.75% 2.80% €4.08
1 Year Fixed 3.15% 3.21% €4.29
2 Year Fixed 3.15% 3.21% €4.29
3 Year Fixed 2.55% 3.08% €3.97
4 Year Fixed 2.85% 3.12% €4.13
5 Year Fixed 2.55% 3.00% €3.97
7 Year Fixed 3.15% 3.21% €4.29
10 Year Fixed 3.30% 3.30% €4.37
Green 5 Year Fixed 2.45% 2.96% €3.92
LTV Variable >80% 3.15% 3.21% €3.93
LTV Variable >50%<=80% 2.95% 3.00% €3.82
LTV Variable <=50% 2.75% 2.80% €3.71
1 Year Fixed 3.15% 3.21% €3.93
2 Year Fixed 3.15% 3.21% €3.93
3 Year Fixed 2.55% 3.09% €3.60
4 Year Fixed 2.85% 3.13% €3.76
5 Year Fixed 2.55% 3.02% €3.60
7 Year Fixed 3.15% 3.21% €3.93
10 Year Fixed 3.30% 3.29% €4.01
Green 5 Year Fixed 2.45% 2.99% €3.55
Rate type Interest Rates APRC Cost per €'000
Standard Variable 4.85
1 Year Fixed 5.55
2 Year Fixed 5.75
3 Year Fixed 5.95
4 Year Fixed 6.15
5 Year Fixed 6.35
Standard Variable 4.85% 4.97% €6.51
1 Year Fixed 5.55% 5.06% €6.89
2 Year Fixed 5.75% 5.18% €7.01
3 Year Fixed 5.95% 5.34% €7.12
4 Year Fixed 6.15% 5.53% €7.23
5 Year Fixed 6.35% 5.75% €7.35
Standard Variable 4.85% 4.97% €5.75
1 Year Fixed 5.55% 5.04% €6.16
2 Year Fixed 5.75% 5.14% €6.27
3 Year Fixed 5.95% 5.28% €6.39
4 Year Fixed 6.15% 5.45% €6.52
5 Year Fixed 6.35% 5.64% €6.64
  1. For fixed rates, the Annual Percentage Rate Charges (APRC)s may be higher or lower than the rate we show here, as we calculate them on the basis that the loan goes back to the standard variable rate (which may be higher or lower than the fixed rate) at the end of the fixed rate term.
  2. If you break out of a fixed rate before that rate ends we may charge you a breakage cost. For further information please click the Home Mortgage Regulatory Information.
  3. Warning: If you change your loan from a tracker rate to a fixed interest rate, at the end of the fixed rate period, you will only have the options of a variable rate or another fixed rate. Your original tracker rate will not be available to you.
  4. For variable rates, we calculate the Annual Percentage Rate Charges on the basis that the current rate will remain unchanged for the full term of the loan.
  5. Our Annual Percentage Rate Charges include valuation fees of €150 and €65 and a €60 security release fee (at the end of the mortgage term).

Home Regulatory Information

 

Allied Irish Banks, p.l.c. is an authorised agent and servicer of AIB Mortgage Bank in relation to origination and servicing of mortgage loans and mortgages.  AIB Mortgage Bank is regulated by the Central Bank of Ireland.

 

WARNING: If you do not keep up your repayments you may lose your home.

 

WARNING: You may have to pay charges if you pay off a fixed-rate loan early.

 

WARNING: The cost of your monthly repayments may increase.

 

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.