Student Loans

Looking for a student loan? We have the student loan for you - whether you need to borrow money to pay for your everyday college expenses or want a more specific loan for your student contribution charge.

Student Loans

Student loan

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Want to buy something, but don't have the cash? Talk to us today about a low rate student loan for your first car, car insurance or that laptop you really want.

Features

  • Variable rate of 5.0% APR1
  • Borrow up to €10,000

Benefits

  • Defer first 3 months repayments
  • Loan term of up to 60 months

Postgraduate Loan

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A Postgraduate Loan from Bank of Ireland is the easy and affordable way for you to cover your postgraduate fees. The Postgraduate loan is only available to graduates who are undertaking postgraduate studies. Candidates can borrow a maximum of €14,000 over a maximum term of 5 years.

Features

  • 5.6% APR variable2
  • Flexible repayment options
  • Repay your loan over 1–5 years

Benefits

  • Borrow up to €14,000
  • Defer repayments

Lending criteria, terms and conditions apply.

1

Student Loan – cost of loan example: The repayments on a student loan of €5,000 over a 60 month period are €94.20 per month based on a variable rate of 5% APR. Total amount repayable is €5,652.00. Total cost of credit is €652.00.

2

Postgraduate Loan - cost of loan example: Loan repayments are deferred for the first 12 months but interest will apply on loan balance from the date of first drawdown. The indicative cost based on variable rate of 5.6% APR assuming drawdown of the full amount of €14,000 with deferral of the first 12 months’ repayments and full capital & interest repayments for the following 48 months (from month 13) would be €343.70 per month for 48 months. Total amount repayable of €16,497.60. Total cost of credit €2,497.60.

 

APR stands for Annual Percentage Rate

 

Interest will be charged on your loan from the date of your first draw down and continue to be added to your loan balance on a quarterly basis. By deferring your repayments you will pay more interest over the term of your loan than you would if you had commenced repayments from the outset

 

All variable rates quoted are correct as at 13th September 2018 and are subject to change.

 

Lending criteria, terms and conditions apply. Applicants must be 18 or over. Parental Guarantee may be required. Applicants and Guarantors must be resident in the Republic of Ireland.

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