Whether you’re carrying out home improvements or buying your first car, AIB offers a range of competitive rate loans for every borrowing need.
AIB have a wide range of loans available to fit every financial need. Here’s a quick summary of each loan product that AIB offers to help you decide which best suits your circumstances.
It only takes a few minutes to find the best loan for your borrowing needs.
Here’s a look at the features and benefits of choosing AIB for your loan:
Alongside their personal and home improvement loans, AIB has designed several loan products tailored to specific financial goals.
This loan offers lower rate loans to upgrade to a greener, more energy-efficient home or car. Just show proof that 50% or more will be spent on a green initiative, like upgrading your home or buying a home charger unit.
Here’s just some of the green initiatives you can use this loan for to make your home more energy efficient:
The loan isn’t directly linked to any home energy grants available on the SEAI website so it’s worth checking if you qualify for free financial support first.
If you’re thinking of upgrading to an electric or a plug-in hybrid electric vehicle or purchasing a home charger unit you can get a lower interest rate with the AIB green car loan.
AIB offers two car finance choices for car buyers:
A car loan allows you to own your car outright from the start.
Pay for your new or used car in instalments and the car is yours at the end of the agreement.
You must be over 18 and resident in the Republic of Ireland to apply for an AIB loan.
If you’re an existing AIB customer, online applications up to €30,000 take a few minutes, and you can get a decision within three hours.
The three-hour decision applies to fully completed, new personal loan applications under €30,000 processed within business hours, however, exclusions apply.
Once your loan is approved and you request the money, the funds will be sent straight to your current account.
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 mortgages, insurance and pensions.
Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.
It only takes a few minutes to find the best loan for your borrowing needs.
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.
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.
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.
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.
No, there is no fee when you apply for a loan with AIB.