Best Personal Loan Rates Ireland

Where can you get the Lowest Interest Rates on Personal Loans in Ireland?

Interest Rates Checked October 2024

Figures from the Banking & Payments Federation Ireland show that a total of 56,385 personal loans were taken out in Q2 2023 (up by 27% from 2022) . The average loan value was €9,562 in Q2 2023.


Interest Rates on Personal Loans



The lowest APR in Ireland on a personal loan of €10000 over 2 years is 6.4% from AIB .

This rate is only available when 50% or more of the money will be spent on a green initiative home improvement.

The lowest rate on a “non green” loan is from BOI at 7.5% APR on a standard personal loan.

On a loan of €10000 over 2 years – the average APR at Revolut is 8.41% (Rates vary from 6.5% to 12.99% depending on personal circumstances) . Apply at Revolut Bank .

PTSB would charge the highest interest rate (APR 12.5%) – with total interest over three years of €1279

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€25000 Loan Over 5 Years

On a €25000 loan over 5 years  – you could get an interest rate as low as 3% from BOI (For Green Home Improvements Only)

Monthly repayments on this rate would be €449 with the total cost of credit coming in at  €1926 over the 5 years .

Some Other personal loan interest rates available in Ireland on a €25000 loan over 5 years : (Not including green loans)

  • Revolut From 6.5%
  • Avant Money 6.8%
  • BOI 6.8%
  • An Post 7.3%
  • AIB 8.95%
  • PTSB  10.5% (Total cost of credit – €6890)

Annual percentage rate (APR)

The APR is the annual rate of interest you will be charged on a loan. It takes account of all the costs involved over the term of the loan, such as set-up charges and the interest rate. You can use the APR to compare different loans, as long as you compare them over the same term.


Larger loans will usually have better (lower) interest rates than smaller ones.

If the interest rate on your loan is variable it could be increased or decreased before your loan is repaid.

With a fixed-rate loan, the repayments will stay the same for the whole term of the loan.
If you pay back a loan early you will probably have to pay a penalty.

Always look at the “total cost of credit” when comparing loans that have different repayment terms. A loan with a lower interest rate but a longer repayment length could end up costing you more in the long run.


You don’t usually need to have an existing current or savings account with a Bank or Building Society to get a personal loan from them. But – with Credit Unions, you need to become a member before they will lend to you. Also –  most of them usually require you to have a savings record or pay your salary in.

If you are on low income and a bank won’t lend you money – you might want to take a look at the details of a Credit Union scheme called the  It Makes Sense  loan.


See the Lowest Mortgage Rates here

See the Highest Savings Rates here

Compare Credit Cards Here


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