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FAQs – Before You Apply

• How can I apply for a loan?

  You can apply online, over the phone or in your branch.

  Apply Online

  If you’re registered on 365 online, you can apply for a personal or car loan by taking the following steps:

  1. Login to 365 online.
  2. Click Apply Online on the left hand menu of the Home Page.
  3. Select Find out More in the personal loan section
  4. Review the information on this page
  5. Use the Loan Calculator to help make your decision
  6. Click Start to begin the step-by step application process

  Over the phone

  Our lending team is ready to take your call on 0818 200 334.

  In your branch

  Make an appointment to meet with a dedicated lending adviser in a branch. We will get back to you within 24 hours to arrange a time.

  Need help finding your nearest Bank of Ireland branch?

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• How long do I have to drawdown a loan?

  Once a loan is approved you have 30 days to draw it down, after this all information regarding the loan application is automatically deleted from our systems and a new application would have to be made.

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• How much will the monthly repayments be?

  This will depend on:

  • The amount of the loan
  • The term of the loan

  The term of the loan is the agreed time it takes you to repay it. If you were to take out a loan for a certain amount to repay:

  Check out our Loan Calculator for an idea of what your payments may be.

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• When should I expect to hear about my loan application?

  You will receive communication within 24 hours.

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• Do I need to have savings or a guarantor to take out a loan?

  With Bank of Ireland loans you don't need to save with us to borrow from us. As long as you can show that you're able to make the repayments, we'll organise a loan to suit your needs. Parental Indemnity may be needed in some student lending cases. All loans are reviewed on a case by case basis.

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• What are interest surcharges on an overdraft?

  An interest surcharge is an extra fee you pay if you have an unauthorised overdraft. Interest surcharges can apply for two reasons:

  1. When you have an unauthorised overdraft.
  2. If you go over credit for more than 30 days in a year

  Unauthorised overdraft

  You will pay an interest surcharge if you are over your credit limit on your current account and it has an unauthorised overdraft when:

  • You have no authorised overdraft limit and your account is overdrawn
  • Or, you have an authorised overdraft limit and your account is overdrawn in excess of this

  Use over the year

  You will also be charged an interest surcharge if you have an overdraft facility and you do not revert to credit for more than 30 days in a year.

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