Ulster Bank is much favoured in both Northern Ireland and Republic of Ireland. There is a good reason for that. Ulster Bank has been known as the neighborhood bank with personal touch and understanding. Ulster Bank makes it quite easy for customers to apply for loans. With its state of the art technology whole Personal Loan Application can be completed online. So when you are looking at making that next step towards a new car or a new house, or just paying off some debts, you won’t have to jump through too many hoops just to secure that new loan for yourself.
Ulster Banks offer great representative APR’s for personal loans, and if you are applying for Personal Loan for a home improvement, you could be eligible for a 10 year+ Repayment term for a loan greater than £ 7,500. As always, The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR.
Ulster Bank have been known in the past to offer fairly low APR’s (Annual Percentage Rates). So for example, if you were to apply for loans with Ulster Bank, and your loan amount was £7,500.00, the monthly repayments on that would be £ 135.93, with a representative APR of %3.4, your total amount payable would be £ 8,155.80 , and if you happened to apply for a Home Improvement loan you could apply for a much longer repayment period. In our example repayment is all based on a 60 month loan term.
One thing to keep in mind though, Ulster Bank will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This is to assure that you will always be able to get best deal even if you are in a poor financial situation.
To be eligible for a Personal Loan with Ulster, you will need to hold an account with them, be a UK resident. You may apply for a loan through mobile app or any Ulster Bank branch.
Something Ulster offers for their customers is, the ability to take Debt Consolidation Loans. This is where your loan could be used to pay off your existing credit cards, store cards and other personal loans. You could consolidate all your debt into the one loan and only have one payment to make each month. . Just make sure that you mention the reason for your application when you apply for the loan.