Student Finance

AIB offers reduced rate Personal Finance for AIB Student Plus Account holders.

The AIB Student Plus Account is available to any person enrolling or currently engaged in any full time third level educational course, which includes full time post-graduate studies, with a minimum duration of one academic year. As an AIB Student Plus Account Holder, you can avail of the following personal finance benefits.

About our Reduced Rate Loans for AIB Student Plus Account Holders

As an AIB Student Plus Account holder, you can apply for a loan, up to EUR75,000, that offers a special reduced rate of 1.5% off the Bank's Standard Variable 'A' Personal Loan rate. This reduced rate loan has a current Interest Rate of 9.95% APR (Annual Percentage Rate) of 10.33%, subject to variation. This benefit will continue for the agreed life of the loan until it is repaid. If having ceased to hold an AIB Student Plus Account you want to borrow further money on your loan ("top up your loan") or if you want to materially change the terms of the loan, we will have to enter into a new credit agreement with you for the total amount which may change the interest rate that applies on your loan. The new credit agreement will set out the terms, conditions and rate applicable to the new loan.

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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. Personal lending Interest Rates

About our Overdrafts for AIB Student Plus Account Holders

As an AIB Student Plus Account holder, authorised overdraft facilities for amounts up to EUR1,500 will be 'interest free'. Authorised overdrafts over EUR1,500 will attract the Bank's Standard Variable 'A' rate for Personal Overdrafts on the balance greater than EUR1,500. The current variable Interest Rate is 11.85%.

If you already have an AIB Student Plus Account with an authorised overdraft limit agreed before 15th October 2007 you are benefiting from a reduction of 1.5% off the Bank's Standard Variable 'A' rate on Personal Overdrafts. As an AIB Student Plus Account holder with an existing overdraft, you may apply to convert this to the 'interest free' facility through your local branch or by contacting the AIB Student Centre

The standard overdraft facility fee of EUR25.39 will also be waived for the period that you hold an AIB Student Plus Account.

This offer is available to AIB Student Plus Account holders only and can be availed of by applying either through your local AIB branch or through our Student Centre.

AIB Student Centre

A dedicated Student Centre with a specialised team is available to deal with all your queries and applications for Overdrafts and Personal Loans.
Contact 1890 788 336 (line open 8am-9pm Monday to Friday and 9am - 6pm on Saturdays

In the interest of quality and training, your call may be recorded or monitored.

Important Regulatory Wording

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 EUR1,500 one-year loan to students will have monthly repayments of  EUR131.83 Interest Rate 9.95%, APR 10.33%. 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 EUR81.96. The APR is based on our Variable 'A' Loan Rate and amount borrowed.

• Important Regulatory Information for an AIB Student Plus Account
• AIB Student Plus Account Terms & Conditions and associated benefits
• Information about your Distance Contract

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