How much can I afford to borrow? To give you an idea, the table below provides an example of varying loan amounts over a five year period.
|Loan Amount||Interest Rates||APR2 Variable||Sample Loan amount||Repayment Term||Monthly Repayment||Total Cost of Credit|
|€2,000 – €9,999||8.25%||8.5%||€8,000||60 months||€162.95||€1,777.00|
|€10,000 – €19,999||7.3%||7.5%||€15,000||60 months||€298.83||€2,929.80|
|€20,000 – €65,000||6.6%||6.8%||€20,000||60 months||€391.92||€3,515.20|
Personal Lending Interest Rates
Here are the reference rates we apply to new business personal lending. These rates apply from 31 May 2018 until further notice.
The interest rate we charge for a loan may include a margin plus the reference rate. Your credit agreement shows you details of the type of interest rate we charge for your loan.
Applicants who wish to borrow over €65,000, restructure an existing Bank of Ireland loan or clear Bank of Ireland credit card/overdraft debt, please contact Direct Lending on 0818 200 334.
Our advisors are available to help Monday to Friday 9am – 5pm.
Lending criteria, terms and conditions apply.