Instalment Plan

Spread out those larger purchases into bite-size chunks with the credit card Instalment Plan option.

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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.

 

Get Smart. Pay Smart.
Instalment Plan Option | Spread your bigger credit card purchases over €250 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 over €250 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 over €250 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 1890 251 251. You can also set up an instalment plan at the point of sale in certain retailers where available.


Apply online

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.