Graduate Loan

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 laptop, your first car or a well-earned break. Bank of Ireland offers a graduate loan to help you on your way, just select Graduate as the purpose when applying.

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Features & Benefits

  • Competitive variable rates from just 5% APR1

  • Choose to repay your loan over 1 to 5 years

  • Flexible repayment options – choose to repay weekly or monthly.

  • Borrow between €2,000 and €5,000 at 5% APR. Amounts above €5,000 available at alternative rates1.

  • Defer your first three monthly repayments (optional, only if your loan is repaid monthly). By deferring the first three monthly repayments you will pay more than if you paid over the standard term2

  • The graduate loan is only available to Bank of Ireland graduate current account holders.

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Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
Warning: The cost of your monthly repayments may increase.

APR stands for Annual Percentage Rate

The repayments on a Graduate loan of €5,000 over 5 years with 60 monthly instalments are €94.20 per month at 4.95% variable (Annual Percentage Rate of Charge (APRC) 5.0%). The total cost of credit is €652.00. Amounts above €5,000 at alternative rates. Alternative rates offered depend on loan amount and may differ from advertised rate.

Lending criteria, terms and conditions apply and each application is individually assessed. Applicants must be over 18 years of age. The graduate loan is only available to Bank of Ireland graduate current account holders.

Variable rates are correct as at 30th June 2022 and are subject to change.


By deferring your repayments at the start of your agreement you will pay more interest over the loan term than if you started to make repayments from the outset.

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