Student Loan

The Student loan is available throughout the year to fund expenses such as travel, living expenses and general back to college expenses.

Apply Now
It’s taking us a little longer than usual to process applications, but we will let you know when yours is done.

Features & Benefits

  • Get a competitive variable rate of 5.0% APR1.

  • Borrow up to €5,000

  • Loan term of up to 60 months (5 years)

  • Option to defer first three monthly repayments (optional, only if your loan is repaid monthly)2

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.

VI 0.25%

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.

WARNING: IF YOU DO NOT MEET THE REPAYMENTS ON YOUR LOAN, YOUR ACCOUNT WILL GO INTO ARREARS. THIS MAY AFFECT YOUR CREDIT RATING, WHICH MAY LIMIT YOUR ABILITY TO ACCESS CREDIT IN THE FUTURE.
WARNING: THE COST OF YOUR MONTHLY REPAYMENTS MAY INCREASE.
1

APR stands for Annual Percentage Rate. Lending criteria, terms and conditions apply. Applicants must be 18 or over. Applicants 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.
The repayments on a student loan of €5,000 over a 60 month period are €94.20 per month at 4.95% variable (Annual Percentage Rate of Charge (APRC) 5.0%). Total amount repayable is €5,652.00. Total cost of credit is €652.00. Variable rates correct as at the 30th June 2020 and is subject to change.
2

Note by deferring the first three monthly repayments you will pay more than if you paid over the standard term.