What is a personal loan?

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.

How does an Avant Money personal loan work?

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. 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, meaning the interest rate you are offered at the start of the process will always remain the same. This is particularly helpful during periods of economic uncertainty. Because the rate stays the same, it may help to manage your money. It’s important to understand how personal loan term work. The loan term refers to the length of time over which you will repay the full loan amount as well as the interest back (the total cost of borrowing!). If you choose a longer time to pay it back, your monthly repayments will be smaller, but you’ll pay more interest in total because of the longer lifetime of the loan. Shorter loan terms usually mean higher monthly repayments but with a lower total cost of borrowing. 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 much can I borrow for a personal loan?

Avant Money offer personal loans from €5k to €75k at a fixed interest rate for the duration of the loan. The amount you’re eligible to borrow will be based on a number of different factors including your income and repayment capacity. You will need to clearly demonstrate repayment capacity for the loan amount and term requested in order to meet the regular repayments such as a bank statement with saving records. We will consider the interest rate, overall terms, and your future ability to repay or any likely change in circumstance when reviewing your loan application.

What is the interest rate on a personal loan?

Avant Money offers Ireland’s best fixed rate on personal loans in Ireland over €30,000 at an APR of 6.7%. This gives you the peace of mind of knowing your loan repayments will be the same fixed cost each month. If you’re looking for a small loan from €5,000 to €19,000, then the APR starts from 8.4%. The Maximum APR (Annual Percentage Rate) on all Avant Money loans is 19.9%. Minimum loan term is 12 months and maximum term is 120 months, loan terms vary depending on the purpose of the loan, terms greater than 84 months up to a maximum of 120 months are only available for refinance and home improvement loans of €20,000 to €75,000.

How to apply for a personal loan?

You can apply for a loan online with Avant Money in minutes. You must be over 18 and a resident of the Republic of Ireland. Avant Money’s online loan eligibility checker will help you understand if you are likely to be approved for a loan. You can then complete the loan application process online. To get a loan from Avant Money, you will need to provide the following: Personal Identification: Driver’s license, passport, or other valid ID, Proof of Address: Household utility bill, bank correspondence quoting account number, revenue correspondence, social welfare document quoting PPS number, or correspondence from government body or local county council, Bank Statements: 1 month of your most recent bank statement (dated within the last 30 days and showing your name and address), and Income verification: payslips and proof of payment in the bank statement.

Trusted contacts

Trusted Contact Person

As part of our commitment to protecting your interests-and in line with the Central Bank of Ireland’s Consumer Protection Code 2025- Avant Money gives you the option to nominate a Trusted Contact Person.

To add one, simply complete the Trusted Contact Person consent form.

What is a Trusted Contact Person?

A Trusted Contact Person is someone you choose – a family member, friend, or someone you know well, who we can contact if we’re ever concerned about your wellbeing or the security of your account.

When We May Contact Them

We will only reach out to them if we have serious concerns, such as:

Possible financial abuse
Difficulty reaching you or an authorised third party
Needing to confirm your contact details
Clarifying information about your health status
Confirming the identity of a legal guardian, executor or trustee

They cannot see your account, access your money, or make decisions for you. Their role is simply to help keep you safe and give you peace of mind.

Your Consent

With your written consent, and the written consent of the Trusted Contact Person, we will:

Record their name and contact details securely.
Contact them only under the circumstances outlined above.
Share only specific relevant information.

Your Rights

You have the right to:

Update or withdraw your consent at any time by notifying us in writing.
Change your Trusted Contact Person by notifying us in writing.
Request a copy of the information we hold about your Trusted Contact Person.

Trusted Contacts FAQs

Frequently Asked Questions

Trusted Contacts Frequently asked questions

Do I have to appoint a Trusted Contact Person?

Can my Trusted Contact Person see my account or initiate transactions?

When would the bank contact my Trusted Contact Person?

We’ll only get in touch with them if we have serious concerns for example, if we’re worried about possible financial abuse, if we need to confirm your contact details or health status, or if we cannot reach you or any authorised third party on your account after repeated attempts.

They can’t manage your money, but they can help us ensure you’re safe and supported