Ulster Bank may not be the first bank that all Brits think of for loans, but it’s one of Ireland’s “Big Four”, and is offering a little luck of the Irish to existing customers.
A lender that became part of the RBS group in 2000, Ulster has had its up and downs in its 150 year history, but is now going strong and offering competitive rates on personal loans.
Ulster is a bank with Ireland at its heart. As well as printing Northern Irish sterling bank notes, it has sponsored a festival in Belfast, an agricultural show in Lisburn and even an all-Irish senior football league.
Whether it’s a new car that’s caught your eye, finally doing those home improvements or consolidating existing debt, going with Ulster Bank can offer existing customers a quick and simple way to get to where you want to be.
Key features of Ulster Bank personal loans at a glance
With the most competitive rates available on loans between £7,500 and £19,950, Ulster Bank personal loans are straightforward and easy to apply for.
The interest rate you’re offered will depend on factors like the amount you apply for, the term of the loan, your credit rating and your income. It may differ from the advertised “Representative APR”.
What is APR?If you’re comparing any credit-based products, it won’t be long before you’ll come across the Annual Percentage Rate (APR). This figure is designed to provide an annual summary of the cost of a loan. It takes into account both interest and any mandatory charges to be paid (for example an arrangement fee) over the duration of a loan.
All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison.
Lenders are only obliged to award their advertised APR to 51% of people who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.
How do Ulster Bank personal loans compare against the competition?
Before you take out a personal loan, it’s smart to read up and shop around. If you’ve been on the Ulster Bank site to get a quote on your loan, find out how much you’d be likely to pay for the same loan from some popular lenders:
You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Warning: late repayments can cause you serious money problems. See our debt help guides.
Am I eligible for an Ulster Bank personal loan?
You should only apply for an Ulster Bank personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:
Ulster Bank also states that their personal loans should never be used for:
How can I apply?
Being only for existing customers, Ulster Bank personal loans are very simple to apply for.
Frequently asked questions