Postgraduate Loan

The Postgraduate loan is available to you if you are considering undertaking a full time postgraduate course. Our Postgraduate Loan is an easy and affordable way for you to cover your fees.

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Features & Benefits

  • Discounted variable rate of 5.6% Annual Percentage Rate ('APR').1

  • Flexible repayment options – choose to repay weekly or monthly.

  • Maximum loan amount of €10,000.

  • Choose to repay your loan over 1 to 5 years

  • Option to defer the first 12 months repayments only (optional, only if repaid monthly).2

  • There are no penalties if you ever decide to make an extra repayment.

  • No set up fees.


Eligibility and Important Information

  • A Postgraduate Loan is only available to graduates who are undertaking a 1 year full-time postgraduate course in the Republic of Ireland.
  • Open to existing Bank of Ireland customers only with a 3rd level Student Personal Current Account with Bank of Ireland.
  • Loan is designed to cover fees.
  • The loan does not have a top-up facility
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, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
Warning: The cost of your monthly repayments may increase.

APR stands for Annual Percentage Rate. Lending criteria, terms and conditions apply.

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 an interest rate of 5.5% variable (Annual Percentage Rate of Charge (APRC) 5.6%) assuming drawdown of the full amount of €10,000 with deferral of the first 12 months’ repayments and full capital & interest repayments for the following 48 months (from month 13) would be €245.50 per month for 48 months. Total amount repayable of €11,784.00. Total cost of credit €1,784.00 Variable rates quoted are correct as at 26th July 2022 and are subject to change.


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 for 12 months you will pay more interest over the term of your loan than you would if you had commenced repayments from the outset.

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

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