Member Login Comparing the Cost of Credit
Do you know how much your personal borrowing is costing you?
Based on borrowing €3,500 repaid monthly over one year:
|
Rate Type |
APR % |
Monthly Repayments |
Total Cost of Credit |
||
|
AIB |
Variable |
14.21% |
€313.20 |
€258.44 |
|
|
Bank of Ireland |
Variable |
14.8% |
€314.06 |
€268.72 |
|
|
Bank of Ireland |
Fixed |
15.9% |
€315.65 |
€287.81 |
|
|
Ulster Bank |
Fixed |
15.3% |
€314.78 |
€277.42 |
|
|
Permanent TSB |
Variable |
14% |
€312.92 |
€254.77 |
|
|
Mallow Credit Union |
Variable |
9.4% |
€305.81 |
€169.05 |
|
Based on borrowing €3,500 repaid monthly over three years:
|
Rate Type |
APR % |
Monthly Repayments |
Total Cost of Credit |
||
|
AIB |
Variable |
12.7% |
€166.11 |
€979.92 |
|
|
Bank of Ireland |
Fixed |
14.9% |
€170.82 |
€1149.34 |
|
|
Bank of Ireland |
Variable |
13.8% |
€168.46 |
€1064.66 |
|
|
Permanent TSB |
Variable |
13.0% |
€166.75 |
€1003.04 |
|
|
Ulster Bank |
fixed |
13.3% |
€167.39 |
€1026.15 |
|
|
Mallow Credit Union |
Variable |
9.4% |
€159.43 |
€739.93 |
|
Comparison figures courtesy of www.itsyourmoney.ie and www.providentpersonalcredit.ie 3/08/2013
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.