PTSB announces market-leading Personal Lending Proposition

• Market leading interest rate of 5.99% for loans from €25,000
• Introduction of new ‘Affordability Calculator’ to provide indicative eligible loan amounts

PTSB has announced a major overhaul of the bank’s suite of personal loans which will see interest rates for some personal loans cut by up to 4.9%¹. The new rates are amongst the most competitive in the market and include a market-leading rate of 5.99% for loans from €25,000.

Effective from 17 September 2025 onwards, PTSB is offering a simplified loan structure with just 3 interest rates linked only to the amount of the loan. Different rates will apply for loans valued at between €1,500 and €9,999 (8.5%), between €10,000 and €24,999 (6.99%) and from €25,000 (5.99%) and these rates are available to both existing and new customers.

Existing customers of PTSB are able to apply online through Open24.ie or through their PTSB mobile app from today with real-time decision making and with funds transferring  to the customer’s PTSB account instantaneously where approved.

New customers can apply for the loans through their local PTSB branch or by contacting the Bank’s dedicated support team for further information on 0818 50 24 24, lines open 9am to 5pm, Monday to Friday (excluding public holidays).

The Bank is also launching a new ‘Affordability Calculator’ which will provide customers with an indicative eligible loan amount, improving customer experience at application stage. This is available on PTSB’s website and Open 24 desktop from today and will be released to the mobile app on a phased basis over the coming weeks.

Speaking today, Dermot Ryan, PTSB’s Head of Product and Pricing Strategy said:

“We are delighted to launch this competitive new proposition to the market today which demonstrates our ambition to grow our consumer finance book significantly in the coming years. We have created a more simplified and easier to follow loan offering which customers can easily assess and apply for, and the digital application experience for PTSB customers is transformed.”

¹ The new loan rate for a personal loan of between €1,500 and €10,000 is 8.50% compared to 13.4% currently for loans of between €1,500 and €6,999 (a reduction of 4.90%)

Notes to editor:

• The Bank will write to customers who have pipeline applications in process in the coming days:
  • A small cohort of customers that have applied for a ‘Cash Secured’ product amounts greater than €10,000 and less than €25,000, but have not yet drawn down their funds, will not be automatically switched to the new interest rates as the rate would be disadvantageous to them. These customers will retain the lower rate under current terms for 90 days post-application date, after which new rates will apply. If they do not drawdown the funds during that window, they will not be able to avail of the Cash Secured products.
  • For all other pipeline customers, they will be automatically switched to the new, more favourable interest rate, in line with their loan amount.
  • This is a press release which covers the main points of this announcement but it does not provide detail on every aspect of the account. Terms and conditions apply to PTSB products.

The new Consumer Finance loan rates, effective from 17 September 2025, are as follows:

The Bank’s Consumer Finance loan rates in place prior to 17 September 2025 were as follows: