Frequently Asked Questions

Products - Online loans

Questions

What type of loans can I apply for?
How much can I apply for?
Over how many years can I repay the loan?
Can I make loan repayments on a monthly/weekly or fortnightly basis?
When will I hear that my loan has been approved
Where will my loan account be opened?
What loan interest rate will I be charged?
If I have any queries in relation to my loan whom do I contact?
Is there any application fee for applying for a Personal loan through AIB Internet Banking?
Will I be able to view my loan balance and transactions on AIB Internet Banking?
Can I apply for payment protection insurance on this loan?

Answers

What type of loans can I apply for?

You can apply for a personal loan through internet banking. You may apply for a loan in your sole name only - joint applications are not available.

The interest rate applicable to a Personal loan is based on a variable rate ('A' Personal loan rate). No fixed rate loans are available online.

Further details about Personal loans can be found on the AIB personal Banking website.

How much can I apply for?

You can apply for a loan from €1,000 to €20,000.

Over how many years can I repay the loan?

You can choose to repay your loan over a period of 1 year to 5 years.

Can I make loan repayments on a monthly/weekly or fortnightly basis?

Yes, you can make loan repayments on either a monthly, fortnightly or weekly basis.

When will I hear that my loan has been approved?

An AIB staff member will be in contact with you within 2 working days on the telephone number that you specified on the loan application.

Where will my loan account be opened?

Your loan will be opened at your AIB branch.

What loan interest rate will I be charged?

The 'A' Personal loan interest rate will be charged.

If I have any queries in relation to my loan whom do I contact?

If you have any queries in relation to your loan application please contact AIB an 1850 724 724 between 8.00am at 8.00pm on Monday to Friday and 9.00am to 5.00pm on Saturday.

Is there any application fee for applying for a Personal loan through AIB Internet Banking?

There is no fee charged for applying for a personal loan through AIB Internet Banking.

Will I be able to view my loan balance and transactions on AIB Internet Banking?

You will be able to view your loan account balance and loan account transactions through AIB Internet Banking, by selecting the account maintenance function on the site and entering the new loan account number and NSC details.

Can I apply for payment protection insurance on this loan?

If eligible, you can apply for payment protection insurance on the loan by selecting this option during the course of the loan application.