Personal Loan

Take control of your Personal Loan

An AIB variable interest rate loan is a personal loan which the interest rate charged on the outstanding balance varies as market interest rates change. However, your monthly repayments usually stay the same, so if interest rates rise during the loan term, you will have to make some extra payments at the end of the term. If the rate on your loan falls, you may pay off your loan earlier. You have the option of paying back your loan early or making unscheduled , additional repayments at any time with no penalty through your branch or Internet Banking.

For more information on AIB Personal Loan interest rates please visit this link: Personal lending Interest Rates

Get a quick quote for a Personal Loan

Note:This information is provided for illustrative purposes only. It does not constitute a contract. We are not recording and will not use the information quoted by you in our calculators unless it is being provided as part of a product application. The results are based on current offered rates for Personal Loans. Rates are variable and are determined by the amount of the loan.

With an AIB Personal Loan, you can also avail of the following benefits:

• Unscheduled repayments
  Repay your Personal Loan early if your circumstances change or make additional lump sum repayments at any time with no penalty.
• Scheduled Flexible repayments *
  When you're applying for your Personal Loan you can choose repayments that will suit you with Interest Only repayments or planned repayment holidays e.g. take a break from your repayments at Christmas or summer holiday time.
• Low Personal Loan interest rates
  We have a suite of competitive variable Personal Lending interest rates depending on how much you wish to borrow.
• No set up charges or fees for early repayment of your loan.
• Loan terms from 1 to 5 years.
• A choice of repayment frequencies
  Your repayments can be in line with your income frequency e.g. weekly, fortnightly or monthly.
• Choice of channels
  You can apply for an AIB Personal Loan in your branch, telephone (Call 1890 724 724 Monday to Friday 8am-9pm, Saturday 9am-6pm) or online at aib.ie.
• AIB Payment Protector
  This is an optional product, view details in our Related Information section. AIB strongly recommends that before purchasing this product you read the AIB Payment Protector - Important Information below.

If you wish to apply online please view our next steps section.

* Scheduled Flexible repayment options may impact on the amount and/or term of the loan.

How much can you borrow?

The amount you can borrow is based on your capacity to make regular repayments. It's also important not to overstretch your finances and to take into consideration the possibility of future out-of-the-blue expenses.

Important / Regulatory Notice

Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required. A typical EUR1500 one year variable interest rate loan will have monthly repayments of EUR134.29 Interest 13.59%, APR 14.29%. If the APR does not vary during the term of the loan the total cost of credit of this loan i.e. total amount repayable less the amount of the loan, would be EUR111.48. (Rates and repayments are correct as at 24/11/2009 based on loan drawdown on 08/06/2010 with first repayment 08/07/2010). AIB Payment Protector for this lending is arranged by AIB Insurance Services Ltd. AIB Insurance Services Ltd. and Allied Irish Banks, p.l.c. are regulated by the Financial Regulator.

AIB strongly recommends that before purchasing this product that you read the Important Information on your Distance Contract below.

• Important information on your Distance Contract
• AIB Payment Protector - Important Information

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