AIB provide full personal and business banking services and offer a range of loans including personal loans, home improvement loans and car loans at competitive rates. Online loans can be approved within 3 hours.
An Post Money offer a banking service that’s available at 900 post offices around Ireland. They offer fair, low fixed rate loans with eligibility approval in seconds. Special green loan rates are available for electric cars and home energy upgrades
Avant Money is a digital-only lending platform that offers credit cards, loans and mortgages. With competitive rates and flexible payment terms, they promise no early repayment fees and quick approval in principal.
The Bank of Ireland provides personal and business banking. They offer a range of low-cost loans including personal, car and green home improvement loans with the option to repay loans early without fees.
KBC Bank Ireland plc is a ‘digital first’ bank offering some of the lowest rate loans in Ireland. They offer a discounted loan rate for current account customers and promise no setup or early repayment fees.
Permanent TSB of Ireland is a trustee savings bank offering a range of loans including personal, home improvement and cash-secured loans. Current account holders can get cash paid into their accounts instantly.
Revolut is a digital banking service that offers a range of financial services via a mobile app. They offer fast, fair, and flexible loans at low rates for between €2,000 and €30,000 with no hidden fees.
* KBC will no longer be accepting new loan applications from 15th July 2022. When KBC leaves the Irish market, your loan may be transferred to the Bank of Ireland. Find out more about changes at KBC here.
Compare the following features for each lender to help you choose the cheapest loan.
Typical APR (Annual Percentage Rate)
Choosing the right lender
The best lender for you will depend on your financial circumstances and credit rating. Here are several things you can do to make sure you are using the best lender for your borrowing needs.
Check for any exclusive rates with your current bank: Some lenders offer favourable rates or exclusive loan products for existing customers. It’s worth checking out interest rates from your own bank or building society first.
Check eligibility criteria: To qualify for a loan, you must be over 18 and a resident of the Republic of Ireland. A lender will decide whether you’re eligible for a loan based on repayment capacity, financial status, and a credit check with the Central Credit Register (CCR) but approval may differ depending on the lender’s individual criteria.
Use a loans calculator: The interest rate and total cost of your loan will depend on how much you borrow and how long for. Use our loans calculator to find out the lender’s typical APR and loan costs based on your specific borrowing needs.
Compare typical interest rates: The lender will set the interest rate based on your ability to repay and credit history, however, you can get a fair idea of what the interest rate will be by looking at the ‘typical APR’. This indicates the interest rate given to the majority of customers.
Find out about extra fees and charges: Some lenders may charge set up fees or early repayment fees. Late payment or missed payment fees will also differ between lenders. Check out the fine print before you apply so there are no surprises later on.
Check the lender is regulated by the Central Bank of Ireland: All lenders have to be regulated by the Central Bank of Ireland. You can check whether your lender is regulated by using the Central Bank of Ireland’s Financial Service Provider Register Search.
Warning: The cost of your monthly repayments may increase.Warning: you may have to pay charges if you pay off a fixed rate loan early.Warning: If you do not keep up your repayments you may lose your home.Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.Information provided and Interest rates quoted valid at 20/06/2022