KBC Loans

Please note: We are no longer accepting applications for this product.

Important Update: When your account is closed or when it transfers to Bank of Ireland you will no longer be able to view or manage your account in the KBC App or Online Banking. To ensure you have access to the documents you need after your account is closed or transferred you should now download your statements or important documents from the KBC App or Online Banking.

Loans Download Booklet

Here's what you need to know

We've put together some useful tips and frequently asked questions for you.

What's happening?
KBC Personal Loans will move to Bank of Ireland and your repayment date, repayment amount and rate will remain the same. You do not need to do anything right now. We have written to you with more information and next steps. In the meantime, we are here to help with any queries about your Personal Loan.
What to expect...
If your account is included in the transfer we have written to you providing notice of the transfer and outlining what this means for your account. We will continue to ensure you are provided with plenty of notice of any changes in line with all legal and regulatory protections. Your Personal Loan will transfer automatically. The transfer is expected to happen in quarter one 2023. Bank of Ireland will also write to you with important information. We will continue to keep you up to date with more information and next steps.
What you need to do...
You should continue to make your personal loan repayments as normal. Make sure your contact details are correct and up to date so we can keep you informed and Bank of Ireland can contact you directly about the transfer of your Personal Loan. If you’re worried about making your loan repayments, please get in touch with the KBC Arrears Support Team at 01 664 6200.

Guide to Next Steps
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Arrears Support Customers
If your Personal Loan is in arrears or on an repayment arrangement, the information set out above also applies. Your current arrangement will remain in place and Bank of Ireland will get in touch with you with more details on how their Arrears Support Unit will support you in managing your Personal Loan.

Loans Help Hub

What's changing?

Are you an existing customer? We've put together some useful information for you to help you prepare for the changes ahead.

Your Personal Loan

Your Personal Loan may be transferred to Bank of Ireland and we have written to you to let you know if your loan is included in the Transfer. If your Personal Loan is in arrears please click here.

Where there are operational changes to how Bank of Ireland will manage your Personal Loan Account, Bank of Ireland will clearly communicate these changes to you. All changes will be made in line with regulatory and contractual obligations, including providing you with sufficient written notice of these updates (at least 60 days). Bank of Ireland will also let you know when these changes come into effect.

 

Important Info

Important Things to Know…

You will keep your current personal loan rate when you transfer.

Direct Debits do not automatically transfer to Bank of Ireland. Bank of Ireland will write to you with the new payment details and ways to repay your personal loan.

If you currently receive a Personal Loan discount with your KBC Current Account, you will continue to do so when you transfer to Bank of Ireland. You will not be required to open a Bank of Ireland Current Account to avail of this discount. You can close your KBC Current Account and your Personal Loan Discount will be honoured by KBC Bank Ireland and by Bank of Ireland once your Personal Loan transfers.

Top FAQs

Are you an existing customer and need some additional support? Check out our FAQs:

Will my repayment amount stay the same?

Yes. There will be no change to your current repayment amount.

Will my repayment date stay the same?

Yes. There will be no change to your current repayment date.

Will my standing order or direct debit transfer to Bank of Ireland?

No. You will need to set up a payment method with Bank of Ireland to repay your personal loan. Bank of Ireland will write to you with details on how to repay your personal loan by standing order.

Can I continue to make my personal loan repayments from my KBC Current Account?

For now you can continue to make payments as normal.

If my personal loan is sold to Bank of Ireland and I don’t wish to transfer will I be offered the option of switching providers?

Should you wish to switch your personal loan, you can do so by engaging with your lender of choice.
 
For further information please contact us on 1800 93 92 44. 

You can visit the Competition and Consumer Protection Commission's website for more information (Personal loans - CCPC).  

I have a discount on my KBC Personal Loan because I have a Current Account with KBC. What will happen to this discount if my Personal Loan is transferred to Bank of Ireland?

Your KBC Personal Loan will transfer to Bank of Ireland at a future date.

If your Personal Loan transfers to Bank of Ireland, your Personal Loan discount will continue to be honoured for as long as your Personal Loans remains with Bank of Ireland. You will not be required to open a Bank of Ireland Current Account to avail of the discount. 

From the 1st of June 2022, if do you close your KBC Current Account, your Personal Loan Discount will be honoured by KBC Bank Ireland and by Bank of Ireland once your Personal Loan transfers. 

For more information on your Current Account visit: Important Information - Current Accounts - KBC

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We’re here to help. Phone us Monday to Friday from 8am to 8pm. Saturday and Sunday from 9am to 5pm.

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Important Information about your KBC Personal Loan

Information is correct as at 4th December 2020.

Lending criteria, underwriting, terms & conditions apply. The KBC Personal Loan is subject to repayment capacity, financial status and is not available to persons under 18 years of age. APR means Annual Percentage Rate.

All information, prices and rates are for guidance only and do not form part of a legal contract, agreement or understanding.

  • Flexibility to repay your loan early

    Interest rates from 6.3% APR fixed on loans over €10k with a KBC Current Account

  • *See bonkers.ie for verification. Market refers to the banking market only. Offer rate of 6.30% APR (6.13% Fixed) on loans over €10,000. Max loan amount €50,000. Discount offer is available with respect to new Personal Loan applications only and is subject to availability. To avail of the optional discounted rate, you must repay the loan from your KBC current account by direct debit. The discounted rate is a discount on the standard personal loan rate which equates to a 1% discount on the Annual Percentage Rate (“APR”), which may vary.

    Before being bound by a credit agreement, we are obliged to provide you with a standardised information document called the Standard European Consumer Credit Information (‘SECCI’) form. It is designed to give you the best overview of the key information and terms and conditions of any credit agreement you consider, allowing you to compare the offers of different credit providers and select the credit offer that works best for you. The SECCI contains important details such as: the type of credit, amount and costs of credit, the Annual Percentage Rate (APR), the number and frequency of payments, as well as a note on important legal aspects.

    Discounted Rate

    Loan Discount offer is available with respect to new Personal Loan applications only and is subject to availability. To avail of the optional discounted rate, you must repay the loan from your KBC current account by direct debit. If you cease paying your KBC Personal Loan by direct debit from your KBC current account, you will lose the discount. The discounted rate is a discount on the standard personal loan rate which equates to a 1% discount on the Annual Percentage Rate (“APR”), which may vary.

    Please note that you are not obliged to avail of the “Discounted Personal Loan Rate” and you can open a KBC Personal Loan and a KBC Current Account without availing of the Discounted Personal Loan Rate. Fees and Charges and Terms and Conditions are applicable to the KBC Current Account.

    Please note there are no additional fees applicable for the Discounted Personal Loan Rate however there are fees and charges applicable in connection with the Personal Loan account, details of which will be set out in the Personal Loan Terms and Conditions that will be issued to you if your application is approved

    Flexible Terms

    Personal loans for home improvement and certain other purposes will be considered for terms up to 10 years, subject to borrowing amount.

    For more information about our longer term options please contact us.

    Control - You can repay your loan early

    There is no early repayment charge if the total amount repaid early is less than €10,000. For amounts of €10,000 or more, you will be obliged to pay a charge. The charge will be 1% of the amount repaid early if more than one year of the term of the loan remains. If one year or less of the term remains, the charge will be 0.5% of the amount repaid early

  • At KBC we're here to help you manage your credit card payments. If you’re concerned about meeting repayments or if you’re experiencing financial difficulties, talk to us. We’re committed to finding a workable solution:

    Credit Management Team
    The Credit Management team helps customers who may be at risk of experiencing financial difficulties. If you are worried about your financial circumstances, please contact a member of the Credit Management team today on 01 664 6300. We are open from 9am to 5pm, Monday to Friday.

    KBC Bank Ireland Arrears Support Unit
    Please contact us on 0818 930 235 if your financial situation has changed recently or you are concerned about your finances.

    MABS (Money Advice & Budgeting Service)
    The Money Advice & Budgeting Service is a national, free, confidential and independent service for people in debt or in danger of getting into debt.
    MABS Helpline: 0818 07 2000
    Visit their website: www.mabs.ie

  • Take advantage of our competitive fixed rates exclusively for KBC Current Account customers

    Loan Amount Standard Personal Loan Rate Current Account Discount Rate
    €5,000 -
    €9,999    		 9.56% (9.99% APR) 8.64% (8.99% APR)
    €10,000 - €50,000 7.07% (7.30% APR) 6.13% (6.30% APR)

     

    Discounted rates only apply if loan is repaid from a KBC Current Account.

    Please refer to the Current Account Discount section for additional information.