PTSB Personal Loan
Competitive variable rates now as low as 5.99% APR, flexible terms up to 10 years for home improvement, and approval within minutes for current account holders.
Introducing the PTSB Personal Loan
PTSB Personal Loan stands out for its low-interest rates and fast processing. Current account holders can access rates starting at 5.99% APR variable, with online approval possible in minutes.
Loan amounts range widely, from as little as €1,500 up to €75,000, accommodating everything from home improvements to holiday plans. Terms extend up to ten years for larger home-related loans, with five years for others.
The variable rate means your repayments could change during your term, so it’s vital to budget for some flexibility. Early repayments may reduce your overall interest costs.
Applicants must be over 18 and meet PTSB’s lending criteria. Consider that security may be required and affordability checks apply.
For anyone planning a big purchase or tackling renovations, the competitive terms and online convenience make this loan offer well worth considering.
How to Apply – Step by Step
Start by deciding on your loan amount and preferred term. Use the PTSB online calculator to estimate your repayments based on the figures you input.
Next, fill in the personal and financial details section, providing accurate information about your income, outgoings and credit commitments.
If you are a PTSB current account holder, you can apply online or through the app and possibly get an instant decision with same-day fund transfer.
Non-PTSB customers will need to contact the bank by phone or visit a local branch, where the staff will guide you through the remaining application steps.
Once all documents are verified and if approved, you can sign your agreement electronically and access your funds swiftly.
Pros of the PTSB Personal Loan
One major advantage is the low starting rate, especially for larger loans, giving Irish clients access to affordable credit. Approval times are also very fast for eligible account holders.
Flexible repayment terms help you match your loan to your needs, with up to ten years for home improvements over €10,000. Managing your repayment online is also straightforward.
Cons of the PTSB Personal Loan
The variable interest rates mean that your repayments could increase if the bank changes its rates, making budgeting less predictable.
Non-customers cannot complete the entire process online and need to visit or call a branch, which can be less convenient compared to a fully digital experience.
Final Verdict
PTSB’s personal loan delivers some of the best rates around, particularly for bigger loan amounts, and provides swift approval for existing customers.
There are a few limitations, but for flexibility and value, this is a highly competitive option for anyone in Ireland looking to borrow for a significant milestone or investment.