With the preferred faculty loan you get:
Apply to borrow up to €2,500 each year (from year 2 in college) up to a maximum of €7,500 1
0% interest and no repayments while in college.
A maximum loan term of 7 years.2
Multi-purpose loan for students e.g. fees, travel, living expenses, equipment, car.
Parental guarantee may be required.
APR stands for Annual Percentage. 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 are a student.
The Preferred Faculty Loan is a low-cost loan available to undergraduate students studying Medicine, Dentistry, Veterinary Medicine, Pharmacy, Science, Accountancy, Engineering, Law, B. Comm, IT, Telecoms and Computing (incl. Business Information).Proof of qualification may be sought from non-Bank of Ireland customers. Application can be made in any Bank of Ireland branch. Rates quoted are correct as at the 1st August 2016 and are subject to change.