AIB loans
AIB offers a broad range of personal loan products designed to suit everyday and long-term borrowing needs. Here’s a quick summary of each loan product that AIB offers to help you decide what’s best for you.
What type of loans do AIB offer?
AIB offers a wide range of loans to suit every financial need. Here’s a quick summary of each loan product that AIB offers to help you decide which best suits your circumstances.
AIB loans for specific purposes
Alongside their personal and home improvement loans, AIB has designed several loan products tailored to specific financial goals.
Green personal loans
A lower-rate loan for energy-efficient home upgrades or eligible plug-in hybrid or electric vehicle (EV) purchases. Green personal loans aren’t directly linked to any SEAI home energy grants, unlike the SBCI Home Energy Upgrade Loan.
- Borrow: €3,000 to €30,000
- Repayment term: Up to 10 years, flexible repayment options are available
- Eligibility: At least 50% of the loan must go toward approved green initiatives
Examples of eligible works: Insulation (wall, attic, floor), Heat pumps, solar PV, renewable energy systems, Boiler upgrades & pipe insulation, Heating controls, Battery-electric or plug-in hybrid vehicles and home charger units.
Car loans
AIB offers two car finance choices for car buyers. A personal loan will allow you to own your car outright at the point of purchase. A hire purchase means you own the car once you’ve paid for for it in full by instalments.
Personal car loan
A standard AIB car loan lets you own your car from day one.
- Borrow: €1,000 to €30,000 online and up to €75,000 for joint applications
- Repayment terms: Up to 5 years and no penalties for extra or early repayment
- Apply: Online for €1k–€30k (existing customers), or by phone/branch for higher amounts
Hire purchase car loan
Pay for your new or used car in instalments, and the car is yours at the end of the agreement.
- Borrow: Agreements available for over €10,000
- Repayment terms: Between two and six years
- Apply: Applications for hire purchase take place in person or over the phone. Extra fees may apply
Home improvement loans
For home improvements, including renovations, repairs, and kitchen refits and home upgrade projects.
- Borrow: €1,000 to €30,000 online and up to €75,000 by phone or branch
- Repayment terms: 1–10 years with no penalties on early or extra repayments
- Key features: One-month repayment break per year (must be arranged at application stage)
SBCI Home Energy Upgrade loan
With a low interest rate of 3.55% APR (Annual Percentage Rate), this loan scheme supports energy efficiency and energy upgrades where works are also being grant aided by the SEAI.
You must use at least 75% of the loan for energy efficiency purposes, such as solar PV panels, heat pumps, and wall and attic insulation.
- Borrow: €5,000-€75,000 per property
- Repayment terms: 1–10 years, choose a date to repay your loan
- Key features: Subsidised low interest rate for home energy upgrades grant aided by SEAI
Student loans
For education-related costs such as fees, accommodation or study expenses. You’ll need to be an AIB Student Plus account holders to apply.
- Borrow: €600 to €50,000
- Repayment terms: Between one to five years with no penalties for extra repayments
- Apply: Online if over 19 for loans starting at €1,000. Full-time students with low or no income may need a suitable co-borrower as security.
Why get a loan with AIB?
Here’s a look at the features and benefits of choosing AIB for your loan:
Applying for an AIB loan
You must be over 18 and resident in the Republic of Ireland to apply for an AIB loan.
- If you’re applying for a loan between €1,000 and €30,000 and you’re already a customer with AIB, you can apply through Internet Banking or the AIB App.
- For joint applications or to borrow over €30,000 apply phone or call into your local branch.
- Not an AIB customer? You’ll need to apply by phone on 0818 724 725 or in branch.
How long does it take?
If you’re an existing AIB customer, online applications up to €30,000 take a few minutes, and you’ll get a decision within three hours. Once your loan is approved and you request the money, the funds will be sent straight to your current account.
The three-hour decision applies to fully completed, new personal loan applications under €30,000 processed within business hours, however, exclusions apply.
More from AIB
Allied Irish Bank, simply known as AIB, is Ireland’s largest bank with over 170 branches across the country. They offer a full range of personal, business and corporate banking services as well as mortgages, insurance and pensions.
Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.
AIB Loans FAQs
What counts as a green initiative?
AIB lists these green initiatives as the sort of upgrades you can do to your home. The list also includes the purchase of electric vehicles and charger units.
- Wall, attic and floor insulation
- Window and door upgrades or replacements
- Ventilation systems
- Renewable energy systems, including heat pumps and solar panels
- Sustainable water systems
- Boiler upgrades and pipe insulation.
- Installation of energy-efficient heating controls.
- Battery electric or plug-in hybrid electric vehicles
- Home charger units for electric or hybrid cars
Am I eligible for an AIB loan?
You must be over 18 and resident in the Republic of Ireland to apply.
You will need to verify your identity with your Personal Public Service Number (PPSN) or Tax Reference Number (TRN). This is required by the Central Bank of Ireland’s Central Credit Register for customer identification.
Why is my loan decision taking longer than three hours?
The three-hour decision applies to fully completed, new personal loan applications processed within three hours between 9:00 and 17:00, Monday to Friday excluding bank holidays. It applies to loans up to €30,000 and terms between one and five years.
It excludes applications to restructure or clear existing AIB borrowing, applications referred for review, applications from customers in financial difficulty; applications for student loans, applications via business centres; or where total borrowing exceeds €100,000.
Although AIB aims to give you with a decision within three business hours, this may be extended for technical or other reasons.
Will I be credit checked if I apply for an AIB loan?
Yes, AIB will need to carry out a credit check with the Central Credit Register (CCR) operated by the Central Bank of Ireland, which is standard practice with all lending applications. If you’d like to know more about how credit checks work or how to check your own credit record visit our helpful guide.
Licensed credit reference agencies will record details of any searches AIB Group makes whether or not your application proceeds and this will show on your credit record.
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