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FAQ Personalised rate - Loan

 

Find the answer to the questions we get asked the most about our personalised pricing.

 

 

How do I know what the interest rate and repayment of my personal loan will be?

Our personalised pricing is designed to find the best rate for you using your financial profile and credit history. Once your application has been reviewed, we will assign you an Avantcard financial profile of either: Great, Good or Ok, which will determine the interest rate for your personal loan. See our interest rates below.

  • Personal loans of €5,000-€9,999 have rates from 10.4% to 13.1% fixed (10.9% to 13.9% APR) depending on your financial profile of Great, Good or Ok.

  • Personal loans of €10,000-€19,999 have rates from 8.6% to 11.3% fixed (8.9% to 11.9% APR) depending on your financial profile of Great, Good or Ok.

  • Personal loans of €20,000-€75,000 have rates from 7.3% to 10.4% fixed (7.5% to 10.9% APR) depending on your financial profile of Great, Good or Ok.

When do I find out what my interest rate will be?

Once your application has been approved in principle, we’ll send you an email which will outline your approved terms, including your interest rate. There will also be a link to our document hub. This is where you will upload the documents so we can finalise your application and send your loan amount straight into your current account.

What if I don’t know which profile to choose?

You should read the description under each profile and select the one that you think best suits your credit history. The profile you chose is for illustrative purposes only, and your final interest rate will be determined once you complete your application.

What if I choose the wrong profile?

Don’t worry, the profile that you select is for illustrative purposes only, and your final interest rate will be determined once you complete your application. Once your application has been approved, we’ll send you an email which will confirm your approved terms, including your interest rate.

Will selecting a profile affect my credit rating?

No, the profile that you select is designed to give you an illustrative example of our rates. You can also check your eligibility to find out if you could be approved for the loan you want, based on your monthly income and outgoings.

Can I change the rate on my existing loan if my financial circumstances change?

Our personal loan interest rates are fixed for the duration of the loan and, if you choose to pay the loan off early, you will not incur any early repayment penalties. Click here for more information on managing your debt.

When you complete a credit search, what information is shown on my credit report?

To see the information on your credit report you can request a copy at www.icb.ie