Borrowing More - increase loan amount - Ulster Bank

Man using his mobile phone

Personal Loans

Borrowing more

Apply online Get a quote

Our rates depend on your loan amount and may differ from the rates shown. Available to over 18s and existing Ulster Bank current account customers resident in the Republic of Ireland only. Subject to approval. Lending criteria, terms and conditions apply.

Representative Example: €10,000 over 5 years at 8.17% fixed, 8.5% Annual Percentage Rate, with 60 monthly repayments of €203.64. Total amount repayable €12,218.40. 

Borrowing options Thinking of borrowing more?

When you apply for a new loan, we'll ask if you want to keep or close your old loan during the application process.

 

Accordion

Icon expand Option 1: Open a new loan and run two side-by-side

  • Your old loan will continue to be repaid at its current interest rate. So if its already a low rate of interest you might want to leave it open.

  • Closing a loan early incurs a fee, you'll avoid this if you leave the loan open.

Accordion

Icon expand Option 2: Replace your loan with a new loan for a larger amount

Apply for the total amount you require to pay off your existing loan plus any additional funds you require:

  • your existing loan will be repaid and closed down and the remaining balance released to you;

  • the total borrowing will now be at the new interest rate as your previous loan will have been repaid;

  • please note - when your existing loan is repaid you'll pay interest to close the old loan early.

To find out your outstanding loan balance, current rate, and your Early Repayment Charge, please call us or visit your local branch.

If you cancel your new loan in the 14 day cancellation period we are under no obligation to reinstate your old loan. However we could offer a new loan for the amount of the old loan at the current rates available.

 

Things to consider
- There's no difference in how much you can borrow - total borrowing cannot exceed €40,000, whether as one loan or several
- If you decide to borrow over a longer term this may mean that you'll pay more interest overall.

Personal Loans Features and benefits

     

Borrow between €2,500 and €40,000

Flexible repayment terms of 1 - 10 years 

Depending on loan purpose
Personal Loans Borrowing terms
  • If you're borrowing for home improvements, you can take the loan over a term of up to 10 years

  • Other loans can be taken for up to 5 years, for loans of €12,000 or less, or up to 7 years for loans greater than €12,000

  • The minimum borrowing term is 1 year

Borrow for a range of purposes

Buying a new car, making some home improvements or funding your child's university education? We can help

 

Affordable monthly payments

Your rate is fixed for the term of the loan meaning no unexpected changes to your repayment amount

 

No upfront fees

We won't charge you anything to set up your loan

 

Get a quote online now

View your interest rate and loan repayment details

Get a quote

Apply online today

Existing online banking customer? We'll pre-fill your application to save you time

 

 

An Ulster Bank feeder account is required to open and service a personal loan.

Useful guides

Woman using a laptop A guide to loans

Lots of lenders offer loans. Our guide will help you understand the basics.

Man using a laptop Loans jargon buster

Let us take the mystery out of loans with our jargon buster.

Woman using a laptop Loans common questions

The most common questions about our loans.

Borrowing more Ready to apply?
Apply online
Set Tab for lightbox