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Managing your money PDF Document - 395KB

Return to Personal Loans HomePersonal Loan Summary Box

Key Information for our personal loans from £15,000 to £25,000
APR

Typical 9.5% APR

If successful, the interest rate you will pay is based on the amount you choose to borrow, and the time period over which the loan is repaid.

Interest rate ranges
Loan size rangeFrom %To %Representative APR
£15,000 - £25,0009.410.09.5
Interest charging information
  • Once agreed, the APR is fixed and guaranteed for the life of the loan. 
  • The interest, at the agreed rate, will be calculated on the amount of the loan at the beginning of the term and added to the loan amount.
Repayment information
  • Payments will be made monthly by Direct Debit
  • First payment is due 30 days after the loan has been issued
  • Two month’s optional payment holidays per year - payment free month(s) must be selected prior to completion of your loan.  This will reduce your number of repayments but your monthly amount will increase.
Repayment Period
  • Loans can be paid over any period between 6 and 60 months
Amount of Loan available
  • Loans available from £15,000 - £25,000
Arrangement fee
  • Arrangement fee £65
Other FeesNot applicable
Default FeesNot applicable
Early SettlementYou can settle the loan at any time by giving notice in writing and paying off the total amount of the repayments you still owe under the loan agreement. This may be reduced by a rebate.
Illustrative Example
Loan
Amount		Representative
rate		TermMonthly
repayment		Total
payable
£15,0009.5%60 months£311.00£18,725.00
£20,0009.5%60 months£414.67£24,945.80
£25,0009.5%60 months£518.33£31,164.20

© Bank of Ireland 2010
 

Bank of Ireland - incorporated in Ireland with limited liability. Authorised by the Irish Financial Regulator and authorised and subject to limited regulation by the Financial Services Authority. Details about the extent of our authorisation and regulation by the Financial Services Authority are available from us on request. Registered No. C-1. Head Office, Lower Baggot Street, Dublin 2, Ireland. VAT Registration No. 168196135.