Postgraduate Loan

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.

Features & Benefits

With the postgraduate loan you get:

  • Discounted variable rate of 5.6%1 Annual Percentage Rate

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

  • Choose to repay your loan over 1 to 5 years

  • Maximum loan amount of €14,000.

  • Guarantee may not be required where: 1) applicant is already employed; or the applicant is taking sabbatical from work; or employment prospects are guaranteed or shown to be favourable

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

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

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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