Personal Loans in Ireland – Low Interest, Flexible Terms & Quick Online Approval

Looking for a personal loan in Ireland? Whether you want to renovate your home, fund education, or consolidate debt, there are excellent options — across banks, credit unions, and digital lenders — offering low interest rates, flexible terms, and fast online approval.

Why Personal Loans Are a Smart Option

Personal loans in Ireland let you access funds without collateral, making them ideal for everyday needs. Fixed or variable rates, repayment terms up to ten years, and the ability to compare rates empowers responsible borrowing when done with a clear plan.

Top Lending Options in Ireland

1. Avant Money

· Rates: Fixed interest between 6.5% – 18.3% depending on loan amount

· Loan Range: €5,000 to €75,000

· Terms: 1 to 10 years, no early repayment fees, all online

· Representative rate example: €30,000 over 5 years at 6.7% APR leads to monthly repayments of €587 and total repayable €35,219 www.avantmoney.ie.

2. First Choice Credit Union

· Rates:

o €50,001–€80,000: 5.90% (6.06% APR)

o €25,001–€50,000: 6.90% (7.12% APR)

o €15,001–€25,000: 8.50% (8.84% APR)

· Terms: Up to 10 years, free loan protection insurance, no early repayment penalties, typically approved within 24 hours First Choice Credit Union.

3. AIB (Allied Irish Banks)

· Rates between 8.65%–8.95% APR, subject to credit rating

· Borrow €1,000 to €30,000 with 3-hour online approval for existing customers, with variation up to 10 years for home improvements AIBReddit.

4. Permanent TSB

· Variable APR up to 14.3%, e.g., 5-year loan at 12.5% APR

· Funds available instantly after online or in-app approval, loans from €1,500 to €25,000 (€75,000 for larger requests) Permanent TSB.

5. Credit Unions

· Average APR across Ireland: ~10.6%

· Max legally permitted: 12.68% APR

· Terms up to 10 years; rates often lower than high-street banks ILCU+1.

Examples:

o Affinity CU: Personal Loan at 8.99% (9.4% APR); First-Time Loan at 6% (6.2% APR); Life Loan at 7.01% (7.26% APR) Progress Credit Union.

o People First CU: 8.99% (9.37% APR), flexible schedules, no early repayment penalty, quick approval Progress Systems.

o Capital CU: 8.9% (9.28% APR), 95% approval rate, fast decisions within 24 hours, no early repayment fees Capital Credit Union.

Additional Option: Revolut

Revolut users in Ireland can borrow between €2,000 to €30,000 with variable APR from 6.5% to 12.99%, flexible repayment scheduling, early payoff with no fees, and instant disbursement — all managed in-app Revolut.

Borrower Experiences & Insights

· AIB customers report that the APR offered at application (e.g., ~8.65%) usually remains unchanged through to final approval Reddit.

· Some borrowers refinance high-interest foreign debts (13%+) with personal loans closer to 8–9% APR, especially via credit unions or Avant Money Reddit+1.

· Community-based lenders like credit unions are praised for high approval rates and personalized service — especially helpful for first-time borrowers Reddit.

· Borrowing responsibly (e.g., for home improvements) enhances credit, but impulse loans for lifestyle needs can worsen debt — experts recommend strategies like avalanche or snowball repayment methods The Times.

Comparison Table

Lender	Rate (APR)	Loan Amount	Term	Highlights
Avant Money	6.7% – 19.9%	€5k – €75k	1–10 years	Fixed rates, no prepayment fees
First Choice CU	6.06% – 8.84%	€15k – €80k	Up to 10 years	Free protection insurance, fast approval
AIB	~8.65% – 8.95%	€1k – €30k	Up to 10 yrs	3-hour approval online
Permanent TSB	≤14.3%	€1.5k – €75k	1–10 years	Instant funding post-approval
Credit Unions (Average)	~10.6%	Varies by union	Up to 10 years	Lower rates, community-focused
Revolut Bank	6.5% – 12.99%	€2k – €30k	Flexible	Full mobile experience, instant access