Personal loan
Upcoming wedding, holiday or big purchase?
Get a loan tailored to you.
Why choose us for a personal loan?
Competitive rates
Variable rates from as little as 7.1% to 8.9% APR1. Get a lower rate from 5.0% APR if you’re a graduate borrowing up to €5,000.
Option to defer repayments2
Option to defer your first three monthly repayments if you repay your loan on a monthly basis.
Fast application
Online application takes just 15 minutes for existing current account holders registered for 365 online.
Tailored to you
Borrow between €2,000 and €75,000 and repay your loan weekly or monthly over 1 to 5 years.
Flexible repayments
Make extra repayments to pay off your variable rate loan early and pay less interest with no penalty fees.
No savings required
You do not need to save with us to borrow from us.
What do I need to apply?
To be eligible to apply online, you must be:
- Aged 18 or over
- Resident in the Republic of Ireland
- An existing Bank of Ireland current account customer
To apply, you’ll need:
- Your 365 online user ID – You can find it on your profile page within the mobile app.
- Proof of your Personal Public Service Number (PPSN) – Full list of acceptable documents.
- Graduate current account – If you’re applying for a graduate loan you must have a Bank of Ireland graduate current account.
Please note: If you are a new customer you can call our loans team on 0818 200 334 (9am – 5pm, Monday – Friday) to apply. We may request additional documents depending on your individual circumstances and loan purpose. We request a credit report from the Central Credit Register when you apply for a loan of €500 or more. Lending criteria, terms and conditions apply.
What is a personal loan?
A personal loan is a simple way for you to borrow money for any personal expenses, like weddings, a once-in-a-lifetime holiday or a large purchase.
With our personal loans, you receive a lump sum amount (between €2,000 to €75,000), then repay it plus interest over a fixed term (1 to 5 years) through regular monthly or weekly instalments – whichever suits your needs.
Our personal loans do not require security for you to apply. Instead, we rely on your creditworthiness to decide if you qualify for a loan.
Interest rates and APR
These representative examples illustrate how much it could cost to borrow various amounts over 5 years.
Personal loan
| Loan amount | Variable interest rate | APR(Annual Percentage Rate) | Sample loan amount | Loan term | Monthly repayment | Cost of credit | Total repayment |
| €2,000 – €9,999 | 8.65% | 8.9% | €2,000 | 5 years | €41.12 | €467.20 | €2,467.20 |
| €10,000 – €19,999 | 8.1% | 8.3% | €10,000 | 5 years | €202.98 | €2,178.80 | €12,178.80 |
| €20,000 – €75,000 | 6.9% | 7.1% | €20,000 | 5 years | €394.71 | €3,682.60 | €23,682.60 |
Variable rates are correct as at 5 February 2025 and are subject to change.
Internal reference rates
We apply reference rates to all new loans. The reference rate is an internal rate we use to work out how much it will cost us to give you a loan. It includes the cost of funds to the bank and administration costs for the set-up and maintenance of the loan.
| VE | 7.00% |
| VI | 0.25% |
Please note: Your credit agreement explains all the interest rate types we charge for your loan. Lending criteria, terms and conditions apply. Over 18s only.
Graduate loan
| Loan amount | Variable interest rate | APR(Annual Percentage Rate) | Sample loan amount | Loan term | Monthly repayment | Cost of credit | Total repayment |
| €2,000 – €5,000 | 4.95% | 5.0% | €2,000 | 5 years | €37.68 | €260.80 | €2,260.80 |
| €5,001 – €9,999 | 8.65% | 8.9% | €7,000 | 5 years | €143.91 | €1,634.60 | €8,634.60 |
| €10,000 – €19,999 | 8.1% | 8.3% | €10,000 | 5 years | €202.98 | €2,178.80 | €12,178.80 |
| €20,000 – €75,000 | 6.9% | 7.1% | €20,000 | 5 years | €394.71 | €3,682.60 | €23,682.60 |
Variable rates are correct as at 5 February 2025 and are subject to change.
Internal reference rates
We apply reference rates to all new loans. The reference rate is an internal rate we use to work out how much it will cost us to give you a loan. It includes the cost of funds to the bank and administration costs for the set-up and maintenance of the loan.
| VI | 0.25% |
Please note: Your credit agreement explains all the interest rate types we charge for your loan. Lending criteria, terms and conditions apply. Over 18s only.
