Home improvement loan
Thinking of improving or increasing the energy efficiency of your home?
Find the home improvement loan to suit you.
Why choose us for a home improvement loan?
Competitive rates
Variable rates from as little as 6.5% APR1 for works that improve the energy efficiency of your home and 6.8% APR2 for regular improvement works.
Tailored to you
Borrow between €2,000 and €65,000 and repay your loan weekly or monthly.
Choose your term
Repay your loan over 1 to 7 years.
Option to defer repayments3
Option to defer your first three monthly repayments if you repay your loan on a monthly basis.
Flexible repayments
Make extra repayments to pay off your variable rate loan early and pay less interest with no penalty fees.
Fast application
Online application takes just 15 minutes for existing current account holders registered for 365 online.
What do I need to apply?
To be eligible to apply online, you must be:
- Aged 18 or over
- Resident in the Republic of Ireland
- An existing Bank of Ireland current account customer
To apply, you’ll need:
- Your 365 online user ID – You can find it on your profile page within the mobile app.
- Proof of your Personal Public Service Number (PPSN) – Full list of acceptable documents.
Please note: If you are a new customer you can call our loans team on 0818 200 334 (9am – 5pm, Monday – Friday) to apply. We may request additional documents depending on your individual circumstances and loan purpose. We request a credit report from the Central Credit Register when you apply for a loan of €500 or more. Lending criteria, terms and conditions apply.
What is a green home improvement loan?
A green home improvement loan is a low rate loan we offer to anyone planning to undertake works to improve the energy efficiency of their home. Works must include at least one of the following:
- Renewable energy upgrade (like solar panels)
- Attic/floor/wall/pipe insulation
- Sustainable water/heating system
- Boiler upgrade
- Installation of energy efficient controls
- Door/window replacement
- Deep retrofit (as part of the SEAI Deep Retrofit grant)
If you’re applying for a green home improvement loan, you’ll also need:
Detailed quote/invoice from a builder/service provider
This should outline the work to be undertaken. It must be printed in colour on the builder’s/service provider’s branded stamped paper and dated within the past 6 months. The name of the builder/service provider and your full name and address (as it appears on 365 online), must also be clearly visible on the document.
What is the Home Energy Upgrade Loan Scheme?
The Home Energy Upgrade Loan Scheme has been established by Strategic Banking Corporation of Ireland (SBCI) to make energy efficiency upgrades more accessible and affordable for eligible homeowners.
The scheme offers a low variable rate green loan of 3% APR to people who are making energy efficiency and renewable energy upgrades to their homes and also receiving a grant from the Sustainable Energy Authority of Ireland (SEAI). The scheme aims to help homeowners make their homes warmer, cheaper to run, and help lower emissions.
Please note: The scheme is established and offered by the SBCI and benefits from a guarantee that has been provided by the European Investment Fund (EIF) and European Investment Bank (EIB), and is supported by the Department of Environment, Climate and Communications (DECC). It is open up to 31 December 2026 or until the scheme has been fully subscribed (whichever is earlier).
The Home Energy Upgrade Loan Scheme must be repaid monthly.
Interest rates and APR
This table illustrates how much it could cost to borrow various amounts over 5 years.
Home loan
| Loan amount | Variable interest rate | APR(Annual Percentage Rate) | Sample loan amount | Loan term | Monthly repayment | Cost of credit | Total repayment |
| €2,000 – €9,999 | 8.25% | 8.5% | €8,000 | 5 years | €163.00 | €1,780.00 | €9,780.00 |
| €10,000 – €19,999 | 7.3% | 7.5% | €15,000 | 5 years | €298.86 | €2,931.60 | €17,931.60 |
| €20,000 – €39,999 | 6.6% | 6.8% | €20,000 | 5 years | €391.92 | €3,515.20 | €23,515.20 |
| €40,000 – €65,000 | 6.6% | 6.8% | €40,000 | 5 years | €783.84 | €7,030.40 | €47,030.40 |
Variable rates are correct as at 25 June 2024 and are subject to change.
Internal reference rates
We apply reference rates to all new loans. The reference rate is an internal rate we use to work out how much it will cost us to give you a loan. It includes the cost of funds to the bank and administration costs for the set-up and maintenance of the loan.
| VI | 0.25% |
Please note: Your credit agreement explains all the interest rate types we charge for your loan. Lending criteria, terms and conditions apply.
Green home loan
| Loan amount | Variable interest rate | APR(Annual Percentage Rate) | Sample loan amount | Loan term | Monthly repayment | Cost of credit | Total repayment |
| €2,000 – €65,000 | 6.3% | 6.5% | €8,000 | 5 years | €155.65 | €1,339.00 | €9,339.00 |
| €2,000 – €65,000 | 6.3% | 6.5% | €15,000 | 5 years | €291.85 | €2,511.00 | €17,511.00 |
| €2,000 – €65,000 | 6.3% | 6.5% | €20,000 | 5 years | €389.13 | €3,347.80 | €23,347.80 |
| €2,000 – €65,000 | 6.3% | 6.5% | €40,000 | 5 years | €778.26 | €6,695.60 | €46,695.60 |
Variable rates are correct as at 25 June 2024 and are subject to change.
Internal reference rates
We apply reference rates to all new loans. The reference rate is an internal rate we use to work out how much it will cost us to give you a loan. It includes the cost of funds to the bank and administration costs for the set-up and maintenance of the loan.
| VI | 0.25% |
Please note: Your credit agreement explains all the interest rate types we charge for your loan. Lending criteria, terms and conditions apply.
