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
If you are a current account holder registered for 365 online, you can make an online application in just 15 minutes.
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.
Please note: New customers can apply for a loan by calling our loans team on 0818 200 334 9am to 5pm, Monday to Friday.
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.
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 amount | Variable interest rate | APR(Annual Percentage Rate) | Sample loan amount | Loan term | Monthly repayment | Cost of credit | Total repayment |
| €2,000 – €9,999 | 8.65% | 8.9% | €2,000 | 5 years | €41.12 | €467.20 | €2,467.20 |
| €10,000 – €19,999 | 8.1% | 8.3% | €10,000 | 5 years | €202.98 | €2,178.80 | €12,178.80 |
| €20,000 – €75,000 | 6.9% | 7.1% | €20,000 | 5 years | €394.71 | €3,682.60 | €23,682.60 |
Variable rates are correct as at 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.
| VE | 7.00% |
| 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. Over 18s only.
Graduate loan
| Loan amount | Variable interest rate | APR(Annual Percentage Rate) | Sample loan amount | Loan term | Monthly repayment | Cost of credit | Total repayment |
| €2,000 – €5,000 | 4.95% | 5.0% | €2,000 | 5 years | €37.68 | €260.80 | €2,260.80 |
| €5,001 – €9,999 | 8.65% | 8.9% | €7,000 | 5 years | €143.91 | €1,634.60 | €8,634.60 |
| €10,000 – €19,999 | 8.1% | 8.3% | €10,000 | 5 years | €202.98 | €2,178.80 | €12,178.80 |
| €20,000 – €75,000 | 6.9% | 7.1% | €20,000 | 5 years | €394.71 | €3,682.60 | €23,682.60 |
Variable rates are correct as at 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.
| 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. Over 18s only.
