Home Improvement Loan

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 & Benefits

  • Competitive variable rates from as little as 7.5% APR1

  • Choose to repay your loan over 1 to 7 years

  • 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 term

  • Borrow from €5,000 to €65,000

  • Once your loan has been approved, the money is paid directly to your Bank of Ireland current account

  • No hidden fees or charges - you can make extra repayments and clear your loan early with no penalty fees. By paying your loan off early you will pay less than if you paid over the standard term.

  • At Bank of Ireland, you are not required to pledge your savings in order to borrow

  • For loan terms of up to 10 years we have a €75 million home improvement fund available for works carried out under the Government Home Renovation Tax incentive scheme. A personal loan option is available for home improvement works under this scheme. At least part of the works undertaken must qualify for the tax credit under the Home Renovation Tax Incentive Scheme

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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 IN THE FUTURE.
WARNING: THE COST OF YOUR MONTHLY REPAYMENTS MAY INCREASE.
1

APR stands for Annual Percentage Rate.

Rates depend on your individual circumstances and may differ from advertised APR. Over 18 years only. Lending criteria, terms and conditions apply and rate is dependent on previous account performance. Where applicants do not meet this criteria, alternative rates may apply. Only existing Bank of Ireland customers can apply online.

The repayments on a home improvement loan of €10,000 over 7 years are €152.18 per month based on a variable rate of 7.5% APR. The total cost of credit is €2,783.12.

Variable rates are correct as at 14th September 2016 and are subject to change.

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