TechLifeCode is an independent financial comparison platform. We may earn a commission when you click through.
PTSB Personal Loan: Ireland's Best Rate for Big Borrowers
5.99% APR for loans over €25,000, but watch the variable rates
The Quick Version
If you're looking to borrow over €25,000, Permanent TSB offers the lowest rate in Ireland at 5.99% (6.2% APR). This makes it ideal for significant expenses like home renovations. However, the variable rate means your repayments could increase. For smaller loans, the 8.8% APR isn't nearly as appealing.
Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.
PTSB Personal Loan
PTSB offers a market-leading rate for larger loans but watch for rate changes
The Numbers
According to PTSB's official page, the loan amount ranges from €1,500 to €75,000 with terms between 12 and 60 months. You'll see a 6.2% APR for loans over €25,000, but smaller loans under €10,000 come with an 8.8% APR. Be aware, these are variable rates, so they can change.
What's Actually Good
PTSB shines with its 5.99% rate for loans above €25,000, making it the cheapest option in Ireland for larger personal loans. The ability to apply online and get a quick decision is a significant convenience, especially if you're already a PTSB customer.
The Catch
The variable rate is the main drawback. While starting at 5.99% is fantastic, it can rise, impacting your monthly budget. Loans under €10,000 at 8.8% APR aren't particularly competitive, so consider alternatives if you're borrowing a smaller amount.
Who Benefits Most
If you're a Republic of Ireland resident planning a large project or purchase and can handle potential rate fluctuations, this loan is perfect. It's best suited for those with a stable financial situation who can absorb possible rate increases. If you need less than €10,000, look elsewhere.
The Bottom Line
For large loans, PTSB's rate is unbeatable in Ireland, but the variable nature means it's not for everyone. If you can manage the risk, it's a top choice. For more on navigating personal loans, check out Your Guide to Personal Loans: Rates, Options, and Insights.
