AIB Personal Loan
Flexible terms, quick approval in just three hours for amounts from €1,000 to €50,000. Competitive rates and green loan options available to Irish customers.
AIB offers a highly flexible personal loan option for the Irish market, featuring loan amounts between €1,000 and €50,000. The standout feature is the possibility of online approval in as little as three hours for sums up to €30,000. With a competitive representative APR of 8.95%, the loan is suitable for a wide range of needs, including car finance, education, green improvements, and more. Eligibility requires you to be over 18, and you will need to provide supporting documents such as ID, proof of address, and income details.
Step-by-Step: How to Apply for an AIB Personal Loan
- Calculate your estimated repayments using the AIB loan calculator.
- If you’re already an AIB customer, you can apply online, through the AIB app, or via phone.
- If you’re new to AIB, apply by phone or visit any AIB branch.
- Provide required documents, including ID and proof of address.
- Receive your loan decision quickly, and if approved, funds are transferred to your current account.
Key Advantages of AIB’s Loan Offer
The approval speed, especially for existing customers, is a significant advantage. Decisions on smaller loans can be completed within hours, making AIB a strong choice for those needing access to funds promptly.
Another advantage is flexibility: you can take a repayment holiday, borrow for green upgrades at a lower rate, or pay off your loan early with no penalties. The loan is tailored to suit various financial needs.
Disadvantages to Consider
The APR, while competitive, is variable, so those seeking fixed-rate certainty might find this a drawback. In addition, loans above €30,000 require phone or branch applications, which can slow the process.
Early repayment of fixed-rate agreements may incur additional fees, which is worth keeping in mind if you hope to pay off your loan ahead of schedule.
Our Verdict
AIB’s personal loan offering is ideal for Irish residents seeking flexibility, fast access to funds, and tailored lending options. The range of amounts and repayment terms, plus green loan incentives, make it a standout. However, those who prioritise fixed rates or have complex borrowing needs might compare other lenders.