Personal loans allow you to obtain a particular amount of funds and repay for a fixed period in regular monthly instalments. It is a valuable funding source where a lump sum can cover large expenses or merge multiple debts into one.
You borrow money, and the total cost of repayment (including the principal amount and the personal loan interest rates) is spread over a specific period. You can manage your finances better by paying a confirmed amount monthly as loan instalments.
Myloansboat, as the responsible provider of personal loans in Ireland offers wide borrowing and repayment flexibility. This allows you to avail of up to €25000. You can repay the amount by choosing the repayment period from 12 to 60 months.
With us, you have many loan advantages, such as:
Flexibility: We are well-prepared to accept loan applications with any credit scores. If you have kept an excellent or bad credit score, we can accept your loan requests.
No upfront charges: You can be relaxed as we will not ask you for any upfront charges. You pay only the interest rates, which are affordable to your monthly budget.
Loans for everyone: We work with a positive approach, and thus, we welcome you with both hands. We do not mind if you are a tenant, a homeowner, employed, unemployed, pursuing study, or living as a retired person.
These loans are undoubtedly one of the smartest funding solutions to tackle unexpected outgoings. You can get personal loans in Ireland through an online platform, both with and without assets. Based on this factor, you can get two types of these loans.
Secured loans: They are backed by collateral, typically a car or property, which can be claimed in the event of default.
Unsecured loans: These loans have nothing to do with your assets and are approved if you prove yourself creditworthy.
Apart from this significant difference, these two loans differ in several other ways. Understand them to find the best personal loans in Ireland for you.
| Cornerstones | Secured loans | Unsecured personal loans |
|---|---|---|
| Risk on assets | High risk | No risk |
| Borrowing cost | Low | Competitive |
| Size of loan | Bigger | Smaller |
| Acceptance chance | High because of assets | Depends on repayment assurance |
| Length of repayment | Longer | Shorter but manageable |
The loan market may not be soft enough for those with bad credit scores. You can approach us anytime and anywhere when no one is ready to trust your repayment ability due to your past credit mistakes. We have a dedicated deal on personal loans for bad credit.
Applying for these loans is quite easy because we consider multiple factors for approval, not only one. Unlike other private lenders, we follow a wider lending policy where opportunities for availing a loan are plenty.
Here are the reasons why to choose our deals among many personal loans in Ireland for bad credit:-
Due to the tricky situation of poor credit, you want to maintain distance from the credit check process. Being worried about this is obvious. With us, you have peace of mind, as we can offer a personal loan in Ireland with no credit check. However, it will happen only in rare circumstances and on certain conditions.
In Ireland, personal loans can be used for multiple expenses and practical needs. We hope you will utilise them for only real purposes necessary to have a loan. We do not ask for your loan purpose. We want to trust your sincerity.
Here, we have compiled some of the most common uses of personal loans:
Applying for these loans should be based on immediate financial necessities. Review the loan fine print without fail before taking the final step. In addition, there are a few key factors that should capture your attention, enabling you to mitigate the impact of risk on your borrowing stance.
The main idea behind this comparison is to show you what makes a personal loan stand out among other loan options. This will give you a comprehensive overview of the suitability, affordability, and overall flexibility of these loans.
| Personal loans | Quick loan | Car loans | Doorstep loan |
|---|---|---|---|
| Meeting unforeseen expenses and consolidating debts | Covering short-term emergency needs | Helping to purchase your dream car | Managing funds for urgent bills |
| Asset may or may not be required | No assets involved | Your car will be used as collateral | No requirement of collateral |
| Access to bank account is mandatory | Approved funds transfer to your bank account | Being a bank account holder is an eligibility condition | Apply for loans without having access to a bank account |
| Obtainable in small and large amounts | Get quick access to a small amount of loan | Accessible in substantial amount | Appropriate for smaller necessities |
Our primary aim is to keep personal loans most conveniently. To fulfil it, we accept only online loan applications to have everything on a quick note. Still, you need to work on certain things before taking a final loan decision. Here, we are suggesting some of them:
We do not praise our loans. Rather, our borrowers always appreciate our assistance. It is why they keep our name above when they seek help from private money lenders for personal loans.
Whether you want personal loans in Dublin, Cork, Galway, Waterford or any other place, we help you with friendly loan features, such as:-
Easy-to-qualify Loans
You do not need to do anything special to qualify for our loans. Just follow the simple requirements.
Competitive APRs
We only finalise the Annual Percentage Rates after analysing your current loan affordability and circumstances.
Instant and Guaranteed Approval
We immediately bring fast decision with responsible lending. Approval chances are subject to affordability.
Anyone who is 18 years old, a permanent resident of Ireland, holds an accessible bank account, and has a steady source of income can qualify according to personal loan eligibility conditions.
Minimal or no documentation for a personal loan will be required. You must provide proof of identity, address, and income. Additionally, you might be required to produce bank statements for a few months.
Yes, these loans provide easier access to funds for many borrowers. If your income is sufficient to support the loan payments despite poor credit, we do not see any problem in accepting your loan request. In some cases, the interest rates vary from what you have to pay with a favorable credit score.
Yes, we would appreciate it if you could pay off loans ahead of time. As interest is levied on monthly balances, you can get relief from spending additional money. Above all, you will be able to free up the money that gets blocked because of loan payments.
You can enjoy having a quick approval for a personal loan in Ireland. The loan processing usually does not take a lot of time, as you will be pre-qualifying with fewer conditions. On approval, funds will be immediately disbursed and transferred to your bank account.
Applying for these loans will not leave any imprint on your credit history. No hard verification will be performed when you avail of the pre-approval facility. However, a slight delay in repaying loans will be recorded in your credit reports.
Yes, earnings from direct employment are not a mandatory requirement. Personal loans for the unemployed provide financial assistance to borrowers, including those with part-time income. The condition is to ensure that repayment can be covered within the specified timeframe.