Personal Loans
Personal Loan
LOAN AMOUNT
Up to €100,000
INTEREST RATE
6.32%
Applicants may choose between a floating rate with Ancoria Bank’s base rate OR Euribor 6 months. View interest rates
APR
6.89%
APR is calculated based on the representative example shown below
LOAN TERM
6 months – 15 years
Flexibility options:
You can choose to repay your loan earlier than your agreed repayment schedule, partially or fully*
*In case of early loan repayments, there is the possibility of a prepayment fee. See the relevant formula in our Commissions and Charges table
What securities are requested for a Personal Loan?
Loan amounts for up to €10,000 may be granted unsecured, subject to the Bank’s approval. In these cases, interest is charged at a higher rate. (For more information on rates, look at our interest rates table)
Additional information:
Initial charges:
- A processing fee of 1% of the amount of the facility, with a minimum fee of €50, will be charged at the opening of the facility
- Documentation fees of €50 are applicable to all facilities for individuals that are less than or equal to €30,000, and €80 documentation fees for facilities for individuals that are greater than €30,000
- For more information on our charges, you can view our Commissions and Charges table
You can view all rates here
Loan falling under the Credit Agreements for Consumers Relating to Residential Immovable Property Law 2017: You have the right to withdraw from the credit agreement, within five (5) working days from its conclusion, without penalty and without justification, unless you proceed with the disbursement of any amount that is the subject matter of the credit agreement before the expiry of these five (5) working days to exercise this right
Loan falling under the Credit Agreements for Consumers Law 2010: You have the right, without stating any reasons, to withdraw from the loan agreement within fourteen (14) days from its signing or from the receipt of the terms of the loan agreement, in case that this follows the signing of the agreement
Representative example:
At Ancoria Bank we want to make sure you have all the information you need at all times. We’ve provided a representative example, that you can use as a guide.
LOAN AMOUNT
€100,000
PRICING
6.32%
APR**
6.89%
LOAN TERM
15 YEARS
INITIAL CHARGES
€1,080
MONTHLY INSTALMENT
€861
TOTAL AMOUNT PAYABLE
€155,054
APR CALCULATION
**APR (Annual Percentage Rate) has been calculated on 14/10/2024 and is based on the following information:
- Interest Rate: BBRC as at 14/10/2024 was 3.37% + margin 2.95%
- Initial charges: Processing fees of 1% charged on facility amount (€1,000) and documentation fees of €80
- Other initial charges: €1,156 (including stamp duty fees / mortgage fees)
- Loan amount of €100,000
- Loan term of 15 years
- Assignment of Life Insurance, Artemis Report, valuation fees for property mortgaged and Fire Insurance of mortgaged property have not been taken into consideration for this calculation
Frequently Asked Questions
For which purposes can I apply for Ancoria Bank’s Personal Loan?
A Personal Loan from Ancoria Bank covers any personal or family need that may occur.
How can I apply for a Personal Loan with Ancoria Bank?
You can use the Loan Calculator to evaluate your eligibility. Additionally, you can email or contact us to schedule an appointment for more information.
What is the maximum amount for Ancoria Bank’s Personal Loan?
You can apply for up to €100,000.
What is the repayment duration of the loan?
The repayment duration of the Personal Loan is from 6 months to 15 years.
Are there any securities requested for Ancoria Bank’s Personal Loan?
The following securities may be requested:
- First mortgage on immovable property
- Lien on a fixed deposit
- Life insurance policy on the borrower
- Fire and earthquake insurance over the mortgaged property
- Any other security or guarantee as required by the Bank
Can the Personal Loan be granted unsecured?
Personal Loans up to €10,000 may be granted unsecured, subject to the Bank’s approval. In these cases, the interest rate is different. You can view the rates here.
Do I have a right of withdrawal?
• If your loan is secured with a mortgage, you have the right to withdraw within 5 working days from its conclusion without penalty or justification, unless you proceed with the disbursement of any amount subject to the credit agreement before the expiry of these 5 working days.
• If your loan is not secured with a mortgage, you have the right to withdraw from the loan agreement within 14 days from its signing or from the receipt of the terms of the loan agreement if it follows the signing of the agreement.
Will my Personal Loan from Ancoria Bank have a fixed or variable interest rate?
Ancoria Bank’s Personal Loan has a variable interest rate, calculated based on the BBRC (Bank’s Base Rate Consumer) plus the margin or on Euribor 6-month base rate. Also, we offer Cash Collateral Personal Loans with a fixed interest rate. You can view the rates here.
What is the difference between variable and fixed interest rates?
A variable interest rate fluctuates based on market changes, whereas a fixed interest rate remains constant throughout the loan term.
What is Annual Percentage Rate (APR)?
The Annual Percentage Rate (APR) is the total cost of the credit facility expressed as an annual percentage, helping you compare different offers.
Are there any initial charges?
- Processing Fee: There is a processing fee of 1% of the amount of the facility, with a minimum fee of €50 that will be charged at the opening of the facility.
- Documentation Fee: Documentation fees of €50 are applicable to all facilities for individuals with amounts that are less than or equal to €30,000. For facilities exceeding €30,000, documentation fees amount to €80.
For details on charges, refer to our Table of Commissions and Charges.
Can I repay part or the full balance of my Personal Loan earlier?
You can choose to partially or fully repay your loan earlier than your agreed Personal Loan repayment schedule, with the possibility of a prepayment fee.
What happens if I miss a repayment of my loan?
Missing a repayment will result in extra charges or penalty fees, increasing the cost of your loan.
How can Ancoria Bank support me if I experience financial hardships while repaying my Personal Loan?
We advise customers experiencing financial difficulties to promptly contact their personal banker or a bank representative to adjust their repayment schedule.
Warning: If you fail to meet your loan repayment plan, you may lose your home or other property.
Warning: There are charges for early loan repayment (Find out more at the links: Commissions and charges & Prepayment penalty for fixed rate loans).
Warning: In case of variable interest rates, the instalment amount and total cost of the facility may increase or decrease depending on variations in the base rate.
Disclaimer: Ancoria Bank Ltd may at its choice, reject an application/business relationship for legal, regulatory or other reasons and withdraw or amend any plan, at any time. The granting of credit facilities is subject to the granting of security acceptable to the Bank. In certain cases, the offer which Ancoria Bank Ltd may make, may differ, following an assessment of your personal financial and other circumstances.
Are you
thinking about
a loan?
With our Loan Calculator, you can get an instant look at:
- What your indicative monthly instalment will be
- Whether you may be eligible for the loan you want
You can then easily request a video or phone call with us to talk more about it. No strings attached.
If you have any questions, or simply need some help to get started
Call us on 8000 0050 or +357 22849000
