Personal Loan FAQ's

A personal loan is money you borrow from a bank, credit union, or another lender. You promise to pay it back over time. People often use personal loans to pay for things like a car, holiday or home improvements. When you repay the loan, you pay back the money you borrowed (called the principal) plus extra money called interest, which is the cost of borrowing. Find out more information on what is a personal loan.

Avant Money offer personal loans that don’t require security, meaning you don’t need to provide collateral like a home or car. You can use the money to buy a car, fix up your home, or pay for other personal costs. Avant Money personal loans cannot be used for business purposes.

With an Avant Money personal loan, you choose how much money you want, and how long you want to pay it back – usually between 1 and 7 years, or up to 10 years if you're borrowing between €20,000 and €75,000 for home improvements or to pay off other loans. Use the Avant Money Loan Calculator to see how much you can borrow today. We arrange the payments so that you will pay the same amount every month, which includes part of the loan and the interest (the cost of borrowing).

We offer fixed rates on our personal loans. This means the interest rate you get at the beginning will not change during the loan. This can be useful when the economy is uncertain because you always know what you will pay. A fixed rate can help you plan your money better.

It is important to understand what a loan term is. The term is the time you have to pay back the loan and the interest (the total cost of borrowing). If you choose a longer term, your monthly payments will be smaller, but you will pay more interest overall because the loan lasts longer. If you choose a shorter term, your monthly payments will be higher, but the total cost will be lower.

The good news is you can pay off our personal loans early without any extra charges. Before you apply, make sure you can afford the monthly payments . If you miss a payment or pay late, you may have to pay extra fees, and it could impact your credit score. This can make it harder to get loans in the future, so always check your budget first.

How to Apply:

1. Decide how much money you want and how long you want to pay it back.

2. Use the online calculator to see what your monthly payments might be.

3. Fill out the online application form.

4. Get a quick answer—usually in a few minutes.

5. If you’re approved, send in your documents (like ID and payslips).

6. Once your documents are checked, the money will be sent to your bank account.

7. Start making your monthly payments.

Yes. You can now choose a repayment term in months not years - you can choose whatever number of months suits you best - handy when you know exactly how much you can afford to repay each month.

If you are planning to leave Ireland, you will need to contact us to make suitable arrangements for your loan. Please call our loans team on 0818 409 511*.

The easiest way to set up or update your direct debit is by using our personal loan online direct debit mandate provided by our trusted partner DocuSign.

What is DocuSign?

DocuSign is a company that offers secure electronic document management services. It allows individuals and businesses to sign documents digitally, such as contracts and agreements, using its secure technology. DocuSign also provides tools to authenticate users, documents, and workflows electronically, including identity management. This ensures that the process is safe and legally compliant. For more information, please read the Privacy Notice | DocuSign.

Once you complete the form, you will receive a confirmation email with the document attached.

Please note the following:

• It can take some time for your new direct debit to become active and ready to take payments from your bank account. To confirm if your new direct debit is in place, you can call our Customer Service team on 0818 409 511. We are available Monday to Friday, 8am to 8pm, and Saturday, 8am to 2pm (excluding Bank Holidays). 
• If you have multiple accounts with us, you must complete a direct debit mandate for each account.
• Direct debits cannot be set up from a savings account. 
• If you are setting up a direct debit from a joint account that requires both signatures, you must download the personal loan printable direct debit mandate, print it, have both parties sign it, and return it by post. 
• If you do not want to complete the form electronically, you can download the personal loan printable direct debit mandate, sign it, and post it back to us.

Your Direct Debit payment will be debited from your bank account on the payment due date as specified in your Personal Loan agreement. If the payment is due on a Sunday or Bank holiday it will be deducted from your bank account on either the same, or next bussiness day.

To change your payment date to one that suits you better, you can call us on 0818 409 511.

*Calls charged at national rates. Cost may vary depending on your telecoms provider

Your loan payments are taken automatically from your bank account, following your payment plan. If you miss a payment, you will need to pay it yourself with your debit card. You can do this by calling us at 0818 409 511.

If you wish to make additional payments, you can do so through your bank.

All you need to do is set up Avant Money as a PAYEE.
Bank Account Name: Bankinter SA
Note: It is important you include this in the bank transfer to ensure there are no issues with your payment reaching us safely.

Using our:
BIC: CITIIE2X
IBAN: IE90CITI99005117683012

Please use your Avant Money loan account number starting with “30000…” as the payment reference.
Please do not input your name or any other details, as this will result in your payment being returned.

You can choose a 10-year term for Home Improvement loans and Refinance loans between €20,000 and €75,000. Most other loan types have a maximum term of 7 years (not including loans for medical costs, funerals, holidays, and insurance) and can be for any amount from €5,000 to €75,000. The minimum term for all loans is 1 year.

If your payment does not reach your account by the due date, you will have to pay an extra charge of €10.

If you’re concerned about meeting your repayments or if you’re experiencing financial difficulties please call the loans team on 0818 409 511 as soon as possible and they will work with you to find a solution. Please read our guide to managing debt. 

If you would like to make a complaint, Please call us on 0818 409 511* or you can write to the Customer Advocate Office Manager, PO Box 25, Carrick-on-Shannon, Co. Leitrim, or you can submit a complaint via our complaints page which you can access in the link below.

For more information, view our complaints process.

*Calls charged at national rates, cost may vary depending on your network provider.

You have a right to withdraw from your Loan Credit Agreement. You can do this by sending a written notice of withdrawal by post to Avant Money, Dublin Road, Carrick-on-Shannon, Co Leitrim.

If you prefer, use this link to email your withdrawal and include the details requested in the body of the email.

You have 14 calendar days to exercise your right of withdrawal and may do so without giving any reason and without charge from the day on which the Loan Credit Agreement was concluded or, if later, the date on which you receive a copy of your Loan Credit Agreement after the conclusion of the Loan Credit Agreement. You then have 30 calendar days starting from the date you send the notice to repay us the amount of the Loan.