Comparisonsmaster
Best Personal Loans in Ireland
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Although using a credit card is quicker and simpler, it has drawbacks. If you need cash, most credit cards will charge hefty fees for a “cash advance” against your card’s credit line. Even just to pay for a purchase, using a credit card will reduce the amount of your credit available – or you may not have enough on the card for your immediate need. When you get a personal loan, you usually are allowed to use the money for any purpose and it does not tie up your existing credit line. Plus, by definition a personal loan does not require any collateral. Therefore it is much safer than getting a loan against your home or car.
Listed below are examples of the best personal loans available in Ireland. These examples are based on a 20,000 euro loan, with a five year term for repayment. Most of the lenders will make loans between 1,000 – 75,000 euros, for between 1 – 10 year terms. Remember, the higher the loan amount, the higher will be your monthly payment. The longer the term, the lower your payment will be.
Although using a credit card is quicker and simpler, it has drawbacks. If you need cash, most credit cards will charge hefty fees for a “cash advance” against your card’s credit line. Even just to pay for a purchase, using a credit card will reduce the amount of your credit available – or you may not have enough on the card for your immediate need. When you get a personal loan, you usually are allowed to use the money for any purpose and it does not tie up your existing credit line. Plus, by definition a personal loan does not require any collateral. Therefore it is much safer than getting a loan against your home or car.
Listed below are examples of the best personal loans available in Ireland. These examples are based on a 20,000 euro loan, with a five year term for repayment. Most of the lenders will make loans between 1,000 – 75,000 euros, for between 1 – 10 year terms. Remember, the higher the loan amount, the higher will be your monthly payment. The longer the term, the lower your payment will be.
AIB
8.95% APR – Variable rate
€411.78 – Monthly repayment (You can pay more frequently to reduce your interest cost)
No prepayment penalties
Online application with a loan approval in three hours
An Post Money
7.2% APR – Fixed rate (They will give you the best rate per your credit and financial history)
€396.02 – Monthly repayment
No prepayment penalties
Online application with a loan approval in as little as 10 minutes
Avant Money
5.9% APR – Fixed rate (They will give you the best rate per your credit and financial history)
€383.87 – Monthly repayment
No prepayment penalties
Same day loan approval
Bank of Ireland (BOI)
6.8% APR – Variable rate
€392.26 – Monthly repayment (Weekly payments allowed to lower interest costs)
No prepayment penalties
Can delay starting repayments for three months
BOI account holders can apply online with a loan approval in 15 minutes
KBC
7.3% APR – Fixed rate (6.3% for KBC account holders)
€396.68 – Monthly repayment
Fast decision process
permanent tsb
10.5% APR – Variable rate
€424.94 – Monthly repayment
