Irish loan repayment calculator
Calculate loan repayments, interest, and total cost with Switcher.ie and compare personal and home improvement loan costs from Ireland’s leading lenders.
How Switcher’s loan calculator helps you
Our personal loan calculator puts you in charge of your borrowing and helps you plan your repayments.
Use our free calculator to instantly estimate your monthly repayments and total cost of credit. Then compare lenders to find the cheapest loans in Ireland.
How our loan calculator works
Tell us how much you want to borrow and for how long, and we’ll work out your loan repayments from Ireland’s best banks and cheapest lenders.
Enter the following details:
- Loan type: Indicate whether you need a personal loan or a home improvement loan.
- Loan amount: This is how much you want to borrow - choose from as little as €1,000 up to €75,000.
- Repayment term: Shorter terms mean higher monthly repayments but lower total cost; a longer term means lower monthly repayment, but higher total loan cost.
Understanding your results
Your calculator results are only a guide. The exact repayment and APR (Annual Percentage Rate) offered will depend on your individual circumstances and credit history, but our loan calculator will let you view:
Once you know roughly what your loan will cost and your monthly repayments, you can compare lenders to find the best rate available.
Here’s an example: Borrow €10,000 over 5 years at 8% APR, and you’ll pay around €203 per month, or €12,180 in total. By reducing the term to 4 years, you’d save almost €400 in interest.
What’s the difference between APR and interest rate?
APR is short for Annual Percentage Rate. It’s a calculation of the overall cost of your loan and considers all the costs during the loan term, including set up charges and the interest rate. It enables borrowers to compare loans between lenders fairly.
The APR includes both interest and fees, providing a clearer view of the true cost of your loan, whereas the interest rate does not account for any additional fees.
What is compound interest?
For loans or credit, compound interest is the interest added to the sum borrowed plus accumulated interest. Not only are you repaying interest on your starting loan, but you’re also repaying interest on the interest.
For this reason, it’s advisable to repay your loan as soon as possible.
Which lender rates are compared?
We compare loans from all the top banks in Ireland so you know you’re getting the best rates from lenders you can trust. You can use our loan calculator to see the loan rates from these lenders:
- AIB
- An Post
- Avant Money
- Bank of Ireland
- PTSB
- Revolut
What’s the most you can borrow?
You can request any loan amount up to €75,000, but lenders will ultimately approve a loan amount based on your ability to repay.
A good credit history improves your approval odds and secures better interest rates, whereas a bad credit history can limit your loan size and increase your rate.
Since your loan amount and interest rate determine your monthly payments, carefully consider what you can afford before applying.
Example loan costs in Ireland
| Loan amount | Term | APR | Monthly repayment | Total cost |
|---|---|---|---|---|
| €3,000 | 2 years | 6.4% | €133 | €3,198 |
| €5,000 | 3 years | 8.95% | €158 | €5,690 |
| €10,000 | 5 years | 8.5% | €204 | €12,223 |
| €30,000 | 5 years | 6.7% | €340 | €40,877 |
Figures are for illustration only and based on example Irish APRs as of 2026.
Compare loans today
It only takes a few minutes to find the best loan for your borrowing needs.
How do lenders set your loan rate?
Advertised personal loan rates in Ireland typically range from 3% to 9% APR.
However, the interest rate you’re offered may differ from the APR (Annual Percentage Rate) because your credit history and affordability affect a lender’s decision.
Several things influence the rate you’re offered:
- Credit history: A strong credit history unlocks the lowest rates, while a poor history typically results in higher rates or lowers your chances of approval.
- Loan amount and term: While borrowing a larger amount can sometimes mean lower rates, stretching the loan over a longer term increases the total interest you will pay overall.
- Loan purpose: Lenders often price loan rates differently depending on what the money is for. Rates can be lower for home improvements or green energy upgrades.
Tips to keep borrowing costs down
Rates vary widely, so it pays to shop around. Use Switcher.ie to compare Ireland’s top lenders. Whichever lender you choose, always base your borrowing on what you can comfortably afford to repay.
Loan calculator FAQs
How do I apply for a loan?
You can apply for a loan directly with your bank or start by using our loan calculator. To qualify for a loan in Ireland, you’ll need to be:
- over 18 years of age
- a resident of the Republic of Ireland
You’ll also need to provide proof of your address and income and pass a credit check to the lender’s requirement. To find out more about loans, read our Complete guide to loans for all you need to know about borrowing in Ireland.
Can I pay off my loan early in Ireland?
Yes, most lenders allow early repayment, especially if you have a variable rate loan, though some may charge a small early-settlement fee. Always check your loan terms.
What's the cheapest loan for home improvements?
If you’re interested in a home improvement loan, check if you qualify for a green loan or the Home Energy Upgrade Scheme loan (HEULS), which come with discounted lower rates.
To find out more about home improvement loans and green loans, visit our home improvement loans page.
How do lenders work out car loan interest rates?
If you want to finance your car with a loan, a personal loan can be a good choice.
Lenders will base your rate mainly on your credit score, income, and financial history to assess your borrowing risk.
A strong credit history usually unlocks the lowest rates. However, your final rate is also influenced by the loan amount, the loan term, the size of your deposit, and the vehicle’s age.
Compare loans today
It only takes a few minutes to find the best loan for your borrowing needs.
