AIB Personal & Car Loans
Borrow €1,000 to €50,000 with flexible terms and an APR as low as 8.95%. Fast approval for online applications. Ideal for car, personal, or green loans.
AIB offers a comprehensive loan suite for those in Ireland seeking competitive rates and fast online approvals. Personal and car loans come with a representative APR starting from 8.95% and flexible borrowing from €1,000 up to €50,000, making it suitable whether you need a small top-up or a larger sum for significant life plans.
Applicants can select loan terms ranging from 6 to 60 months, and AIB can give a lending decision in as little as three working hours for online applications up to €30,000. Security may be required for larger loans, and standard lending criteria apply.
How to Apply for an AIB Loan
1. Start by calculating your repayments using the AIB loan calculator to understand your estimated monthly cost and total repayable amount.
2. If happy, proceed with your application online through AIB internet banking or the mobile app for amounts from €1,000 to €30,000.
3. If you are borrowing more than €30,000 or are a new customer, apply by phone or at a local AIB branch during business hours.
4. Be ready to provide proof of ID, address, PPSN, employment status, and details regarding other loans, income, and expenses.
5. Wait for AIB to review and respond to your application. Once approved, the funds are paid directly into your current account.
Pros of AIB Loans
One major advantage of AIB loans is the speed of approval. Online applications for amounts up to €30,000 are typically processed within just three hours during business hours, offering impressive convenience.
Borrowers can also benefit from flexible repayment holidays and are allowed to make extra payments without any penalty, adding further flexibility and potential cost savings over time.
Cons of AIB Loans
One potential downside is that the competitive 8.95% APR is variable and depends on your application details and loan type. There’s also a limit to how much can be instantly approved online—over €30,000 requires a branch or phone application.
Full approval is subject to income verification, and additional paperwork may be required, particularly if you are not already an AIB customer. Early repayment fees may apply under certain agreements.
Verdict
If you need a reliable loan in Ireland for personal, car, or home improvement purposes, AIB stands out with its fast approval process, flexible terms, and fair rates. While documentation is necessary, the ability to manage your loan fully online and make early repayments without penalty makes AIB’s loan offer a robust choice for many borrowers.