Allied Irish Bank (AIB) loans

Whether you’re carrying out home improvements or buying your first car, AIB offers a range of competitive rate loans for every borrowing need.

What type of loans do AIB offer?

Here’s a quick summary of AIB loan products to help you decide which best suits your circumstances.

  • Personal loans: AIB provides loans for any purpose from €1,000 to €30,000 online, in branch or by phone.
  • Car loans: AIB offer competitively priced loans for car buyers. Take the hassle out of complex car finance with a car loan and own your car outright from day one.
  • Home improvement loans: AIB can help you achieve your home improvement goals with loans up to €75,000 and loans terms of up to 10 years.
  • Green personal loans: AIB provides lower rate loans when you borrow for green home improvements like solar panels, energy-efficient heating or even buying a plug-in hybrid vehicle.
  • Education loans: If you qualify for a Student Plus Account you can apply for a loan up to €50,000 with competitive interest rates.
  • AIB First loan: AIB offers 18-30 year-olds the opportunity to borrow up to three times their monthly salary to a maximum of €8,000.

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Why get a loan with AIB?

Besides AIB being a popular bank, here’s a look at why AIB could be the right provider for your loan.

  • Quick loan approval: You can get a decision on your loan application within 3 hours if you apply online during business hours. Exclusions apply.
  • Competitive rates: AIB offer a choice of market-leading fixed and variable rate loans. Once your monthly payments are agreed upon, they won’t change.
  • Smart loan tools: AIB have online loan tools like the Loan Repayment Calculator and the Loan Affordability Calculator to help you work out how much you can borrow and what it will cost.
  • Planned repayment holidays: AIB offers the option of a planned repayment break, so you can spread the annual cost over 11 months instead of 12 months. This needs to be arranged at the time of application.
  • No charge for unscheduled repayments: If you’re able to pay a little more towards your loan, you won’t be penalised for making extra payments.
  • Support every step of the way: AIB provide handy tools like a downloadable income & expenditure planner, phone or branch appointments to talk through your options, or for those quick questions; live web chat and AskAIB on Twitter.

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AIB loans in focus

Alongside their personal, home improvement and car loans, AIB has developed several unique loan products tailored to specific goals and circumstances.

Green loans

This loan offers lower rate loans to upgrade to a greener, more energy-efficient home.

Here’s what you need to know:

  • The loan has a lower rate APR (Annual Percentage Rate) than a personal loan
  • You can borrow up between €3,000 and €30,000 for up to 10 years
  • You will need to spend 50% or more of the money on green initiatives
  • Flexible repayment options are available

The AIB First Loan

The AIB First Loan has been designed for 18-30 year olds. It’s flexible and simple and lets you borrow up to three times your monthly salary.

Here’s what you need to know:

  • The interest rate is around 8.95% APR (Annual Percentage Rate)
  • You can borrow up to three times your net monthly salary, from €1,000 to €8,000
  • Repay over 6 to 60 months or up to the end of your job contract
  • Flexible repayment options are available

You are suitable for this loan if you’ve had at least one months salary (€1,500 or more) paid into an AIB current account. You may be asked to provide a copy of your job contract.

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More from AIB

Allied Irish Bank, simply known as AIB, is Ireland’s largest bank with over 200 branches across the country. They offer a full range of personal, business and corporate banking services as well as insurance and pensions.

Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.

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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 and home charger units

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.

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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 13/01/2022