Full product details for the Ulster Bank Personal Loan, including loan details, application criteria, rates, suitability, fee & charges, example costs, facilities, restrictions and incentives.
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The representative APR is 9.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 9.8% p.a. (fixed) you will repay £250.67 per month & £12,032.16 in total.
Loan Type
Unsecured
Minimum Loan
£1,000
The minimum advance is £1000.
Maximum Loan
£25,000
The maximum advance is £25000.
Minimum Loan Term
1 year
The minimum loan term is 12 months.
Maximum Loan Term
5 years
The maximum loan term is 60months.
Headline Representative APR
9.8%
9.8
Headline Representative Loan Amount
£10,000 to £25,000
Early Repayment Charge
58 days
The early redemption charge is equivalent of 58 days interest.
Deferred Start
0 month
0 months
Debt Consolidation
yes
Debt consolidation allowed.
Express Delivery
no
Express delivery/transfer not available.
Credit Rating
good
Most suited to individuals who have an average income and a recent credit history free from credit defaults, arrears, CCJs or missed payments. The majority of applicants can be described as having a good credit rating.
Application Criteria
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Existing Customers Only
no
Loan available to all.
Minimum Age
18 years
The minimum age is 18 years.
Minimum Income
£0
Minimum income of £0 pa required.
Geographical Restrictions
yes
Loans available to Northern Ireland residents Only.
Guarantor Required
no
Credit Rating
good
Most suited to individuals who have an average income and a recent credit history free from credit defaults, arrears, CCJs or missed payments. The majority of applicants can be described as having a good credit rating.
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Representative Example: The representative APR is 62.1% so if you borrow £3,000 over 3 years at a rate of 62.1% p.a. you will repay £161.01 per month & £5,796.36 in total.