Bank of Ireland launches new fixed-rate loan

A new fixed-rate personal loan has been launched by the Bank of Ireland, with rates starting at 6.9 per cent APR.

David Courtney, head of marketing and personal lending at the Bank of Ireland, said that the new personal loan offered good value to customers at a time when interest rates are moving up.

He claimed that the fixed rate on the product offered the benefit of security as well as a competitive level of interest.

“Bank of Ireland also offers customers a simple, no hassle application process. Customers can choose between their branch, telephone and online to apply for their loan, with many of our customers getting approval in minutes,” Mr Courtney added.

“Also, it is not necessary to have a savings account with us in order to borrow from us.”

The new fixed-rate personal loan offering from the Bank of Ireland is available to both new and existing customers.