Best Personal Loan Rates Ireland

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

Interest Rates Checked November 12th 2021

On a loan of €5000 over 2 years – the lowest APR currently available is 6.4% from AIB . (This is only available for home improvements and 50% or more of the money must be spent on a green initiative.)

Monthly repayments on this loan would be €222 with the total cost of credit coming in at  €330 over the 24 months.

The lowest APR on a “normal” loan is 8.5% from Bank of Ireland

PTSB would charge the highest interest rate (APR 14.3%) – with total interest over two years of €730


On a €20000 loan over 5 years  – the lowest APR is currently available from An Post at 5.9 % APR.

Monthly repayments on this  loan would be €384 with the total cost of credit coming in at  €3058 over the 5 years (assuming the rate stays the same)


Other personal loan interest rates available on  €20000 loan over 5 years :

Avant Money 6.1%
KBC 6.3%
BOI 6.8%
Ulster Bank 7.9% 
Chill money  8.9%
AIB 9%
PTSB  10.5%


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 rate 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.


Check your local Credit Union for loan rates – some of them may have loans at lower rates – but there have been some restrictions on Credit Union loans since mid-2011.   Average rates are around 10.5%

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.

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