KBC Strengthens Consumer Finance Offering with New Personal Loan and Credit Card Reward Scheme

30/10/14

Launch of Credit Card Reward Initiative for Grocery and Online purchases.

KBC Bank Ireland has strengthened its consumer finance offering with the launch of a personal loan product and credit card reward initiative.

KBC’s personal loan offers customers who repay their loan from a KBC Current Account a 2% discount on their rate. The KBC Personal Loan has competitive fixed rates and provides the flexibility to pay off the loan early. Consumers can borrow between €1,500 and €50,000 with terms of one to five years. With a headline rate of 9.8% APR (for loans of €20,000+), the discounted offer provides one of the most competitive personal loan rates available in Ireland today.

KBC has also launched a new credit card initiative, providing customers with a 1% reward* for grocery and online purchases. KBC offers a competitive rate of 14% variable (18.25% APR), with up to four additional credit cards facilitated on the account with no additional charges. Customers can pay for items of €15 or less without the need to enter a PIN, using the latest ‘tap and go’ technology.

Discussing the new developments, Rob Hurley, Head of Consumer Finance, KBC Bank Ireland said: “We are delighted to be strengthening our consumer finance offering, with product features designed to suit the lifestyles of customers. Rewarding customers for loyalty is important to KBC and our credit card provides 1% rebate reward for grocery and online transactions. Customers can have up to four additional credit cards on their account for free, a useful and money-saving feature for families with older children. Consumers have busy lifestyles, so we designed our credit card with contactless payments, making it easier to purchase smaller items without wasting time.

“Our new personal loan product, which also rewards loyalty, provides new and existing customers who repay their loan from a KBC current account with a 2% discount on the rate. This fixed rate product makes it easier for customers to budget with the security of knowing how much is being repaid each month. We are confident that the new personal loan will be attractive to customers and its launch means that we now offer a full suite of consumer finance products to meet consumers day-to-day financing needs”


KBC Bank Ireland continued its retail banking expansion this year with the recent opening of new hubs at Grand Canal Plaza, Swords and Stillorgan in Dublin, and Maynooth in Kildare.

*KBC Credit Card reward is capped at €10 a month or €120 per year.