Instalment Plan
If you have a personal credit card with Bank of Ireland, you have the option to spread the cost of your bigger purchases at a great low interest rate. However, the option is not available on the student credit card.
Don't have a credit card with Bank of Ireland? Find out more about our credit card options to take advantage of the Instalment Plan option.
Get Smart. Pay Smart.
Instalment Plan Option | Spread your bigger credit card purchases of €250 or more at a great low rate of 6.7% variable (6.9% Annual Percentage Rate).
What is an Instalment Plan?
- The Instalment Plan option enables you to transfer a credit card purchase of €250 or more onto a lower rate of 6.7% variable (6.9% APR).
- Spreads the cost of the purchase. You pay it off in either 6, 12 or 24 equal monthly instalments meaning you won’t have to pay full amount off at the next payment day.
- It’s perfect for big spends or even unexpected costs that might pop up.
It's simple to set up
All you have to do is make your purchase of €250 or more in value and then contact us before your next payment is due to let us know which item you want to move to an instalment plan. You can let us know by completing an online Instalment Plan request form or by calling us on 0818 251 251. You can also set up an instalment plan at the point of sale in certain retailers where available.
| Purchase amount | APR variable rate | Term | Total cost of credit | Monthly instalment amount | Total amount payable |
|---|---|---|---|---|---|
| €580 | 6.9% | 12 months | €21.02 | €50.09 | €601.02 |
Representative example of credit card purchase at nominal variable interest rate of 6.7%. This example is an estimate and subject to rounding. The standard rate of interest will continue to apply to all other credit card transactions if you do not pay off the balance within the interest free period. You must use your card in accordance with the terms and conditions of use of your credit card.
Lending criteria, terms and conditions apply. Over 18s only.
