PTSB Personal Loan
PTSB’s Personal Loan offers Ireland’s lowest variable rates, with fast online approval and flexible terms from €1,500 up to €75,000, paid instantly if you qualify.
PTSB offers some of the most attractive personal loan options on the Irish market, backed by flexible terms and instant approval for current account holders. If you’re looking to borrow from €1,500 to €75,000 with terms up to 10 years (for home improvements), this loan could fit your needs. Rates are highly competitive, claiming the lowest variable rate in Ireland on personal loans between €25,000 and €75,000. For reference, borrowing €25,000 over 5 years could see interest as low as 5.99% (APR 6.2%), with total repayments under €29,000. Loan approval is possible online or via the app, with funds paid immediately for eligible PTSB customers.
How to Apply: Step-by-Step
1. Confirm you’re over 18 and check you meet eligibility and affordability requirements for your intended loan amount and purpose.
2. If already a PTSB customer, apply via app or online banking. New customers can apply in-branch or by phone, submitting ID and income details.
3. Use PTSB’s loan calculator to estimate repayments and assess affordability before finalising your application.
4. Upon approval, sign the agreement electronically and the funds are deposited, often within minutes for account holders.
5. For larger loans (€30,000+), a follow-up call may be required to discuss details before approval.
Pros
PTSB’s standout advantage lies in its highly competitive interest rates, especially for higher loan amounts. The quick, digital approval process ensures funds are accessible almost instantly for eligible borrowers.
Flexible repayment options and a term up to 10 years make this loan incredibly versatile for everything from home improvements to financing a car or education.
Cons
Non-PTSB customers face more paperwork and a slower application process, requiring branch visits or phone calls. Instant funding is limited to those meeting specific eligibility.
All loans are subject to variable rates, meaning repayments could fluctuate throughout the term. Security may be required in some cases, potentially complicating applications.
Verdict
PTSB’s Personal Loan is a top choice for those prioritising fast access to funds and low rates—especially if you’re an existing account holder. Its customer-centric digital approval and flexible options make it ideal for a range of needs. However, potential borrowers should keep in mind the variable nature of rates and eligibility requirements for instant approval.