Loans

Bank of Ireland Loans - a loan for whatever, whenever...

Personal loan

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More flexible terms for personal loans at Bank of Ireland. We have the personal loan to suit your needs; whether it’s a holiday you're planning or that big day out. Use our personal loan calculator to find the terms and payment options that are right for you.

Features

  • Variable rates from 7.5% APR1
  • Repay your loan over 1–5 years
  • Defer loan repayments

Benefits

  • Borrow up to €65,000
  • Money paid into your account
  • Quick and easy application

Car loan

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Thinking of buying a car? With a variable rate loan from Bank of Ireland you have the option of making extra repayments and clear your loan early.

Features

  • Variable rates from 7.5% APR1
  • Repay your loan over 1–5 years
  • Defer loan repayments

Benefits

  • Borrow up to €65,000
  • Money paid to your account
  • Quick and easy application

Consumer Hire Purchase

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For finance amounts over €7,000, our excellent Consumer Hire Purchase package offers a great low fixed interest rate. Hire Purchase is a traditional form of car finance that is very convenient to arrange.

Features

  • Competitive fixed rate
  • Repayment terms from 2 years

Benefits

  • Own the car once term finishes
  • Easy application process

Home improvement loan

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Thinking of that new kitchen? Converting your attic? Extending your home? Get the ball rolling on whatever home improvement project you choose with a home improvement loan from Bank of Ireland.

Features

  • Variable rates from 7.5% APR1
  • Repay your loan over 1–7 years
  • Defer loan repayments

Benefits

  • Borrow up to €65,000
  • Money paid into your account
  • No hidden fees or charges

Graduate loan

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Being a graduate means making important life choices. Sorting out your finances after college can be tough at the best of times. Perhaps you need a new PC, your first car or a well-earned break. Bank of Ireland offers a fantastic range of benefits to help you on your way.

Features

  • Variable rates from 7.5% APR2
  • Repay your loan over 1–5 years
  • Flexible repayment options

Benefits

  • Borrow up to €65,000
  • Defer loan repayments
  • Quick and easy application

College finance loan

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Bank of Ireland College Finance is designed to provide a cost effective and simple payment solution for parents to fund the cost of their child’s undergraduate Student Contribution Charges.

Features

  • Competitive interest rate
  • Borrow up to €3,000 per year
  • Maximum loan term is 8 years

Benefits

  • Spread the costs

Student loans

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Looking for a student loan? We have the student loan for you - whether you need to borrow money to pay for your everyday college expenses or want a more specific loan for your student contribution charge. Check out our range of student products here.

Overdraft

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An overdraft facility provides extra flexibility when you need it most and is available to Bank of Ireland current account customers.

Features

  • Withdraw up to agreed limit
  • Variable rate from 16.2%APR3

Benefits

  • Apply online in minutes
  • Quick and easy application

Lending criteria, terms and conditions apply.

This is a Consumer Hire Purchase Agreement** provided by Bank of Ireland trading as Bank of Ireland Finance.

1

Rates depend on your individual circumstances and may differ from advertised APR. Over 18 years and existing Bank of Ireland current account customers only. Lending criteria, terms and conditions apply; rate is dependent on previous account performance.

The repayments on a personal loan of €7,000 over 5 years are €139.46 per month based on a variable ate of 7.5% APR. The total cost of credit is €1,367.60.

Where applicants do not meet this criteria, our standard variable rate of 11.5% APR will apply to online and phone applications and a variable rate of 12.8% APR to in-branch applications.

The repayments on a personal loan of €7,000 over 5 years are €151.85 per month based on an online / phone variable rate of 11.5% APR. The total cost of credit is €2,111.00.
The repayments on a personal loan of €7,000 over 5 years are €156.16 per month based on branch variable rate of 12.8% APR. The total cost of credit is €2,369.60.

Variable rates are correct as at 18th June 2015 and are subject to change.

2

APR (Annual Percentage Rate)

Rates depend on your individual circumstances and may differ from advertised APR. Over 18 years and existing Bank of Ireland current account customers only. Lending criteria, terms and conditions apply; rate is dependent on previous account performance.

The repayments on a Graduate loan of €5,000 over 3 years are €154.97 per month based on a variable rate of 7.5% APR. The total cost of credit is €751.36.

Where applicants do not meet this criteria, the graduate loan rate of 9.7% APR applies.

The repayments on a Graduate loan of €5,000 over 3 years are €159.76 per month based on a variable rate of 9.7% APR. The total cost of credit is €751.36.

Variable rates are correct as at 18th June 2015 and are subject to change.

3

The Bank may vary the borrowing rate up or down at any time or times at its discretion. The Bank will notify you in advance of borrowing rate increases in accordance with the European Communities (Consumer Credit) Regulations 2010.

The Bank will calculate interest on the daily balance outstanding (after adjustment is made for cheques in the course of collection).
Interest on the Facility is calculated at the Borrowing Rate shown
in the Important Information on a daily basis and is charged by the
Bank quarterly.

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