Personal loan

Upcoming wedding, holiday or big purchase?

Get a loan tailored to you.

Why choose us for a personal loan?

Competitive rates

Variable rates from as little as 7.1% to 8.9% APR1. Get a lower rate from 5.0% APR if you’re a graduate borrowing up to €5,000.

Option to defer repayments2

Option to defer your first three monthly repayments if you repay your loan on a monthly basis.

Fast application

Online applications take just 15 minutes for existing Bank of Ireland current account holders who are registered for 365 online and applying in their own name.

Tailored to you

Borrow between €2,000 and €75,000 and repay your loan weekly or monthly over 1 to 5 years.

Flexible repayments

Make extra repayments to pay off your variable rate loan early and pay less interest with no penalty fees.

No savings required

You do not need to save with us to borrow from us.


What do I need to apply?

To be eligible to apply online, you must be:

  • 18 years of age or over

  • Resident in the Republic of Ireland
  • An existing Bank of Ireland current account customer

To apply, you will need:

  • Your 365 online user ID – You can find it on your profile page in the mobile app.
  • Proof of your Personal Public Service Number (PPSN) – Full list of acceptable documents.
  • Graduate current account – if you are applying for a graduate loan, you must have a Bank of Ireland graduate current account.

Where to apply:

You can apply online in your own name. Joint applicants and new customers can apply for a loan by calling our loans team on 0818 200 334 9am to 5pm, Monday to Friday.

Please note: We may need to ask you for more documents based on your situation and reason for the loan. If you apply for a loan of €500 or more, we will ask the Central Credit Register for a report to check your credit history.

Lending criteria, terms and conditions apply.

Apply for a personal loan



What is a personal loan?

A personal loan lets you borrow money for things like a wedding, a once in a lifetime holiday, or a large purchase.

With our personal loans, you get a lump sum of money — between €2,000 and €75,000. You then pay it back with interest over a set time, from 1 to 5 years. You can choose to make payments every week or every month, depending on what works best for you.

You do not need to offer anything as security to apply. We look at your credit history to decide if you qualify.


Interest rates and APR

These representative examples illustrate how much it could cost to borrow various amounts over 5 years.

Personal loan

Loan amountVariable interest rateAPR(Annual Percentage Rate)Sample loan amountLoan termMonthly repaymentCost of creditTotal repayment
€2,000 – €9,9998.65%8.9%€2,0005 years€41.12€467.20€2,467.20
€10,000 – €19,9998.1%8.3%€10,0005 years€202.98€2,178.80€12,178.80
€20,000 – €75,0006.9%7.1%€20,0005 years€394.71€3,682.60€23,682.60

Variable rates are correct as of 5 February 2025 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.

VE7.00%
VI0.25%

Please note: Your credit agreement explains all the interest rate types we charge for your loan. Lending criteria, terms and conditions apply. Over 18s only.

Graduate loan

Loan amountVariable interest rateAPR(Annual Percentage Rate)Sample loan amountLoan termMonthly repaymentCost of creditTotal repayment
€2,000 – €5,0004.95%5.0%€2,0005 years€37.68€260.80€2,260.80
€5,001 – €9,9998.65%8.9%€7,0005 years€143.91€1,634.60€8,634.60
€10,000 – €19,9998.1%8.3%€10,0005 years€202.98€2,178.80€12,178.80
€20,000 – €75,0006.9%7.1%€20,0005 years€394.71€3,682.60€23,682.60

Variable rates are correct as of 5 February 2025 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.

VI0.25%

Please note: Your credit agreement explains all the interest rate types we charge for your loan. Lending criteria, terms and conditions apply. Over 18s only.

Frequently asked questions

  • How much can I borrow?

    Use our loan calculator to tell us how much you want to borrow and for how long, and we’ll work out your loan repayments.

  • How much will my loan repayments be?

    This will depend on:

    • the amount of the loan
    • the length of time in which you agree to repay your loan (loan term)

    Use our loan calculator to get an idea of what your repayments might be.

  • What happens after I submit my application?

    Your loan application will be processed by our lending team. You will receive an update on your application within 24 hours. If they require more information, our lending team will contact you directly by phone or email.

  • How long do I have to drawdown a loan?

    Once a loan is approved you have 30 days to draw it down. After this time, a new application needs to be submitted.

  • How much are loan fees and charges?

    There are no arrangement fees, deposits, or “balloon” repayments associated with our loans.

  • What is a graduate loan?

    A graduate loan is when an amount of money is given to you by a financial institution which you can use to help you sort out your finances after college whether you need a new laptop, your first car or a well-earned break. You agree to repay the loan amount plus interest to the financial institution over a certain length of time.

  • Am I eligible for a graduate loan?

    You can apply for a graduate loan if you:

    • are aged 18 or over
    • live in the Republic of Ireland
    • hold a Bank of Ireland graduate current account
    • are already in employment or have a signed contract/offer of employment

    Lending criteria, terms and conditions apply.

See our full loan FAQs

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit report, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
Warning: Borrowing money costs money.

Contact us

Our loan teams are here to help.

Log in to 365 online, select Services and Send us a message.

Call us on 0818 200 334, 9am–5pm, Monday to Friday.

Tweet us @talktoBOI 8am–8pm. Response within 15 minutes.

Visit your nearest branch to arrange a meeting with a dedicated lending advisor.

1 APR stands for Annual Percentage Rate.
2 If you defer your first three loan repayments at the start of your loan that will add to the interest you will have to pay over the life of the loan. You can’t defer your first three loan repayments unless you have a current account with Bank of Ireland.