Home > Personal Banking > Personal Loans Step by Step Guide
What's on Offer?
Bank of Ireland offer a comprehensive range of Personal Loans designed to provide you with the finance that you need, when you need it. We offer loans with competitive interest rates and because we know that some customers would like to take a break from their repayments from time to time.
We offer up to 2 payment breaks per year on Personal Loans. These payment breaks are particularly useful around Christmas or when you are heading of on your summer holidays and need some extra cash. Loans can be taken from 6 months to 5 years and also benefit from being unsecured -meaning you do not need to assign security for your loan.
Loans can be taken for a variety of purposes from a new kitchen, children's education loans to Car Loans. Car Loans offer competitive interest rates and also include the benefit of free 12 month membership of Motor Assist, a Europe-wide Breakdown Recovery service.
Typical 8.9% APR for loans of £10,000
How much do you want to borrow?
With a Bank of Ireland Personal Loan, you can apply to borrow any amount from £5,000 to £25,000* and have the freedom to spread your repayments over the period that suits you best - anything from 6 months to 5 years. Not only that but you can also take breaks in your repayments for up to 2 months each year.
* Other loan values are available on request.
How much will it cost?
To work out how much the Personal Loan and Car Loan may cost please click on the downloadable PDF - Typical 8.9% APR for loans of £10,000
Can I protect my loan?
No one can be certain what lies ahead in life. That's why planning for the unexpected is so important. An effective way you can do this is by adding payment protection insurance to your loan.
What does Payment Protection Insurance Cover*?
You can borrow any amount up to £25,000, not just those in the examples above. All car loans come with one years free 'Motor Assist' breakdown cover provided by Mondial Assistance (separate Terms and Conditions apply). Remember, repayments are fixed making it easy to budget ahead and you can choose to take 2 months off from your repayments with our payment break option (months must be chosen prior to draw down of loan).
Cover
How Long Covered
Disability(Accident & Sickness)
12 months
Major illness
loan repaid in full
Death
loan repaid in full
Unemployment
6 months
Please note that there is an arrangement fee of £65. This will be added to the first months payment.
Typical 8.9% APR for loans of £10,000.
*To make sure the Payment Protection Insurance is suitable for you, please read the full policy Terms and Conditions .
Contact us for further information
Call us free on 0800 0850 444 to apply or to find out further information.
May not include mobiles and calls from outside the UK. For your security and to improve our service to you, we may record and monitor phone calls for training purposes.
Loans are subject to Bank's lending conditions. Applicants must be 18 years or older. Written quotations available on request.
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