Avant Money
Get fixed rates from 6.7% APR for loans over €30,000, flexible terms up to 10 years and no early repayment fees. Straightforward online application.
Avant Money stands out in Ireland’s personal loans market by offering some of the best fixed rates, particularly for loans above €30,000. With an APR from 6.7% and fixed nominal rates starting at 6.5%, it’s a highly competitive option for those seeking affordable financing with predictable repayments. Terms run from as little as 12 months up to 10 years for larger loans and refinance or home improvement loans.
The minimum borrowing amount is €5,000, reaching as high as €75,000. The application process is entirely online, and you can check your eligibility in minutes. There are no early repayment penalties, adding flexibility for borrowers who wish to pay off their loans sooner.
How to Apply: Step-by-Step
1. Decide how much you need and what you’ll use it for.
2. Use their online calculator to estimate repayments.
3. Complete the application form online.
4. Receive an instant lending decision.
5. Provide documentation (ID, payslips, bank statements).
6. Upon approval, funds are transferred promptly to your account.
Main Advantages
The big strengths are the low fixed APR from 6.7% on loans above €30,000, no early repayment fees, and an easy-to-understand application process. Loan terms are flexible, accommodating a wide variety of needs from home improvements to debt refinancing.
Another perk is transparent eligibility criteria and solid customer support, making Avant Money suitable for applicants looking for clarity and minimal hassle.
Main Disadvantages
If your credit score isn’t excellent, you may not qualify for the lowest rates. Loans under €20,000 start at higher interest rates, and the maximum term for smaller loans is just 7 years.
Additionally, these personal loans do not cater for business, property purchases, or investments. Documentation requirements are typical for Irish lenders but may be a hurdle for some applicants.
Verdict: Is Avant Money Right for You?
Avant Money personal loans are highly competitive for large borrowings with fixed, low rates and flexible terms. The process is easy to follow, and there are no penalties for early repayment. Strong applicants with good credit will find Avant Money an excellent choice for personal loans in Ireland.