FAQs
- 1. How can I apply for the Postgraduate Loan?
You can apply online, over the phone or in your branch.
Apply Online
If you’re registered on 365 online, you can apply for a postgraduate loan here.
Over the phone
Our lending team is ready to take your call on 0818 200 334
- 2. How long do I have to draw down the loan
Once a loan is approved you will have 30 days to draw it down, after this a new application would have to be made.
- 3. How much will the monthly repayments be?
This will depend on:
- The amount of the loan
- The term of the loan
- The interest rate, which is currently a discounted variable rate of 5.6% Annual Percentage Rate
The term of the loan is the agreed time it takes you to repay it.
We have detailed an example of a post graduate loan repayment below.
For the purposes of the example we will assume that loan repayments are deferred for 12 months (which is an option on the loan) but interest will apply on the loan balance from the date of first drawdown. The indicative cost based on an interest rate of 5.5% variable (Annual Percentage Rate of Charge (APRC) 5.6%) assuming drawdown of the full amount of €10,000 with deferral of the first 12 months’ repayments and full capital & interest repayments for the following 48 months (from month 13) would be €245.50 per month for 48 months. Total amount repayable of €11,784.00. Total cost of credit €1,784.00. Variable rates correct as at the 26th July 2022 and are subject to change.
- 4. What happens after I submit my application?
Your application will be processed by a central credit team who will contact you directly if they require more information.
You will receive an update from our student team when we make a decision on your application.
- 5. Do I have to repay my loan while I am studying?
For a Postgraduate loan, there is an option to defer the first repayment by 12 months if you are repaying your loan monthly. This 12 month period begins once the loan is drawn down.