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An Post vs. Bank of Ireland: Which Personal Loan Suits You?
Compare An Post's fixed rates with Bank of Ireland's variable options. Discover which lender offers the best terms for large loans and graduate borrowers.
Quick Picks
Best for fixed rates: An Post Personal Loan.
Best for graduates: Bank of Ireland Personal Loan.
Rates and terms shown are representative. Your actual rate depends on your credit profile and circumstances. This is not financial advice — always read the lender's terms before applying.
Fixed vs. Variable Rates
You're choosing between An Post and Bank of Ireland. Here's what actually matters: fixed rates versus variable rates. Let’s dive into the details and see which one fits your needs.
An Post Personal Loan
An Post offers fixed-rate loans from 6.9% to 19.9% APR, ideal for those who value repayment certainty. The generous loan amounts and terms up to 7 years make it appealing for larger purchases or consolidating debt. However, the starting rate of 6.9% is reserved for those with the best credit profiles, and the maximum APR can reach 19.9%, which is higher than some competitors.
An Post Personal Loan
Bank of Ireland Personal Loan
Bank of Ireland offers variable rates starting at 7.1% APR, with a standout 5.0% graduate rate for loans up to €5,000. This is attractive for recent graduates seeking lower rates. However, the variable rate means your payments could increase over time, and you'll need an existing BOI current account for the online application process.
If you're leaning towards flexibility and lower initial rates, Bank of Ireland might catch your interest. However, for those who prefer stability, An Post's fixed rate offers might be more reassuring.
Speed and Accessibility
Next, let's consider how quickly you can access funds and the ease of application.
PTSB Personal Loan
PTSB offers market-leading rates starting at 6.2% APR for loans over €25,000, with instant approval online or via their app. This makes it a strong choice for those seeking quick access to funds. However, the best rates are only available for larger loan amounts, and you must have a PTSB current account for drawdown.
PTSB Personal Loan
AIB Personal Loan
AIB provides competitive variable rates between 8.65% to 8.95% APR, with a notably fast 3-hour online approval for loans under €30,000. This speed is impressive, especially for existing AIB customers. However, joint applications or those above €30K require a callback process, which could delay approval.
AIB Personal Loan
While PTSB offers the quickest approval, AIB’s 3-hour decision for smaller loans is not far behind. Consider the loan amount and your account status when choosing.
For more detailed picks, check out our full review in Personal Loans in August: Best Picks for Every Borrower.