{"id":69335,"date":"2025-09-17T09:37:11","date_gmt":"2025-09-17T09:37:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/69335\/"},"modified":"2025-09-17T09:37:11","modified_gmt":"2025-09-17T09:37:11","slug":"ptsb-launches-new-personal-loans-overhaul","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/69335\/","title":{"rendered":"PTSB launches new personal loans overhaul"},"content":{"rendered":"<p><img decoding=\"async\" alt=\"PTSB personal loan rates changing from today\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/09\/f2073a3c-7733-400b-a951-3182c9522194.jpg\" loading=\"eager\" width=\"100%\" data-testid=\"article-image\"  \/><\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_caption1 indo-300db776_none indo-91174671_secondary indo-66f0fec7_regular indo-1d70522a_marginbottom0 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop3 indo-b48c4984_left\" style=\"color:var(--color-grey-60)\">PTSB personal loan rates changing from today<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">PTSB has announced what it says is a major overhaul of the bank\u2019s suite of personal loans, including cutting interest rates for most new borrowers.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">From Wednesday, the banks personal loans will be offered on a simplified structure with just three interest rates linked only to the amount of the loan.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Personal loans of between \u20ac1,500 and \u20ac9,999 will carry an 8.5pc interest rate \u2013 down from a previous 13.4pc.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Loans between \u20ac10,000 and \u20ac24,999 will carry a 6.99pc rate and loans of \u20ac25,000 or more will carry a 5.99pc rate. The new rates are available to both existing and new customers.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">The bank is also launching a new \u2018Affordability Calculator\u2019 which will provide customers with an indicative eligible loan amount.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Dermot Ryan, PTSB\u2019s Head of Product &amp; Pricing Strategy said the new structure is a competitive propositio.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">&#8220;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,\u201d he said.<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom5 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Most customers who are already in the process of applying for a loan will be automatically switched into the cheaper alternative, the bank said. Customers who benefit more under the current pricing and have an application in will get the loan offer they\u2019d already applied for.<\/p>\n","protected":false},"excerpt":{"rendered":"PTSB personal loan rates changing from today PTSB has announced what it says is a major overhaul of&hellip;\n","protected":false},"author":2,"featured_media":69336,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[79,10891,18,19,17],"class_list":{"0":"post-69335","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-donal-odonovan","10":"tag-eire","11":"tag-ie","12":"tag-ireland"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/69335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=69335"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/69335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/69336"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=69335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=69335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=69335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}