Features & Benefits
Get a competitive variable rate of 5.0% APR
Borrow up to €10,000
Loan term of up to 60 months (5 years)
Option to defer first three monthly repayments (optional, only if your loan is repaid monthly)
Personal Lending Interest Rates
Here are the reference rates we apply to new business personal lending. These rates apply from 13th September 2018 until further notice.
The interest rate we charge for a loan may include a margin plus the reference rate. Your credit agreement shows you details of the type of interest rate we charge for your loan.
APR stands for Annual Percentage Rate.
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.
Generally, student applicants should be undertaking a full time course in a recognised 3rd level college in the Republic of Ireland. Only Bank of Ireland customers can apply online.
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.
Note by deferring the first three monthly repayments you will pay more than if you paid over the standard term.
The rate quoted is correct as at the 13th September 2018 and is subject to change.