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

1% student loan

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Get a student loan for just 1% APR! This multi-purpose loan is available throughout the year to fund expenses such as travel, living expenses and general back to college expenses. Students can borrow up to €1,000 per year and have the option to defer repayments for up to 3 months (optional, only if loan is repaid monthly).

Features

  • 1% APR1
  • Defer loan repayments
  • 12 month loan term

Benefits

  • Borrow up to €1,000
  • Multi-Purpose Loan

Standard student loan

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

Features

  • Variable rate of 9.7% APR2
  • Flexible repayment options
  • Repay your loan over 1–5 years

Benefits

  • Borrow up to €5,000 online
  • Multi-Purpose Loan

Preferred faculty loan

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Students in the final three years of studying Medicine, Dentistry, Veterinary, Pharmacy, Accountancy, Science, Law, B. Comm, Computing (including Business Information Systems) and Engineering (non-civil) are eligible to apply for a preferred faculty loan to cover college/living expenses.

Features

  • 0% interest loan
  • Maximum loan term is 7 years3
  • Borrow up to €2,500 each year

Benefits

  • Multi-Purpose Loan
  • Just for students

Postgraduate Loan

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A Postgraduate Finance 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 variable4
  • Flexible repayment options
  • Repay your loan over 1–5 years

Benefits

  • Borrow up to €14,000
  • Guarantee may not be required
  • Defer repayments

Lending criteria, terms and conditions apply.

1

1% Student Loan
The repayments on a student loan of €1,000 over a 12 month period deferring the first 3 months are €111.85 per month (over 9 months) based on a variable rate of 1% APR. The total cost of credit is €6.65.

2

Discounted variable rate of 9.7% APR.

The repayments on a standard student loan of €5,000 over 5 years are €104.59 per month based on a variable rate of 9.7% APR. The total cost of credit is €1,275.40.

3

8 years for Medical students.

4

Discounted variable rate of 5.6% APR applies for term of loan.

The repayments on a postgraduate loan of €5,000 over 5 years are €95.45 per month based on a variable rate of 5.6% APR. The total cost of credit is €727.00.

APR stands for Annual Percentage Rate. The rate quoted is correct as at the 21st July 2016 and is subject to change.

Lending criteria, terms and conditions apply and each application is individually assessed. Applicants must be over 18 years of age and be able to demonstrate that they have completed a primary degree and are undertaking a full-time postgraduate course. Proof of postgraduate status should be sought from non-Bank of Ireland customers. Application can be made in any Bank of Ireland branch.

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