PTSB Personal Loan
PTSB offers new low rates from 5.99% APR, instant approval for account holders, and flexible repayment plans up to 10 years. Enjoy a hassle-free application process and competitive terms.
Introducing the PTSB Personal Loan
The PTSB Personal Loan now features lower interest rates, with APR starting as low as 5.99%. Approved borrowers can apply for amounts ranging from €1,500 to €75,000, depending on their eligibility and individual circumstances.
Flexible repayment terms let you spread payments between 1 and 10 years. For loans above €10,000 and used for home improvements, you can comfortably repay over a decade.
PTSB offers fast online and in-app approval for account holders, meaning you could have your funds in minutes if you meet the requirements. The loan has a variable interest rate, so repayments may fluctuate over the life of the loan.
The maximum APR is set at 8.8%, higher than entry rates but still competitive in the Irish market. Additional fees may apply, so it’s worth checking the full terms and conditions before applying.
Security may be required, and your creditworthiness will be assessed to determine the size and rate of your loan.
How to Apply: Step-by-Step
1. Ensure you are over 18 and meet basic eligibility requirements.
2. Current account holders can apply directly online or using the PTSB app for swift approval.
3. Non-customers will need to visit a branch or apply by phone. Prepare identification, proof of income, and any documentation required.
4. Fill in the personal and financial sections of the application, including details of income, dependants, and expenses.
5. Await an approval notification—most customers receive an initial decision within minutes when applying online.
Pros of the PTSB Personal Loan
Applicants benefit from some of the lowest advertised personal loan rates on the Irish market, particularly on loans between €25,000 and €75,000.
Instant approval for current account holders is a major advantage, allowing borrowers to access funds faster than many competitors. The generous repayment terms add to overall flexibility.
Cons of the PTSB Personal Loan
Variable interest rate means repayments might increase during the loan term. Applicants should budget accordingly and be aware of the maximum APR.
Online instant approval is only available if you have a PTSB current account, so new customers may experience a slower application process.
Our Verdict: Is This Loan Right for You?
The PTSB Personal Loan is well-suited to Irish residents needing fast access to funds with flexible repayment options. The rates and ease of application are particularly attractive for those who already bank with PTSB.
While there are some downsides—such as potential rate increases and extra steps for new customers—overall, this loan stands out for its speed, competitiveness, and reliability.