Digital Loans

myLo@n

How about applying for a personal loan, without going to the Bank? It’s not a movie script set in the far future, but Ancoria Bank’s new service. Just log in to myAncoria, from your computer or through the mobile app, and apply for myLo@n from the comfort of your home. The process is fully digital and you won’t have to visit the Bank not even for signing the contracts, in case your application is approved.

LOAN AMOUNT

Min €1,000 and up to €5,000

INTEREST RATE

9.99%

Floating interest rate with Ancoria Bank’s base rate. View interest rates

APR

11.03%

APR is calculated based on the representative example shown below

LOAN TERM

6 months

12 months

18 months

24 months

Flexibility options:

$

You can choose to repay your loan earlier than your agreed repayment schedule, partially or fully free of charge

Additional information:

$

Initial charges:

  • There are no documentation fees
  • A processing fee of €25 will be charged at the opening of the facility

Other charges:

$

You can view all rates here

 

$

You have the right, without stating any reasons, to withdraw from the loan agreement within fourteen (14) days from its signing or from the receipt of the terms of the loan agreement, in case that this follows the signing of the agreement

Representative example:

At Ancoria Bank, we want to make sure you have all the information you need at all times. We’ve provided a representative example, that you can use as a guide.

LOAN AMOUNT

€5,000

PRICING

9.99%

APR**

11.03%

LOAN TERM

2 YEARS

INITIAL CHARGES

€25

MONTHLY INSTALMENT

€231

TOTAL AMOUNT PAYABLE

€5,564

APR CALCULATION

**APR (Annual Percentage Rate) has been calculated on 11/07/2022 and is based on the following information:

  • Interest Rate: Bank’s Base Rate for Consumers (BBRC) as at 11/07/2022 was 2.67% + margin 7.32%
  • Loan amount of €5,000
  • Loan term at 2 years
  • There are no securities requested
  • Initial charges: A processing fee of €25 charged at the opening of the facility
  • Other initial charges: Stamp duty fee of €1

Warning: In case of variable interest rates, the instalment amount and total cost of the facility may increase or decrease depending on variations in the base rate.

Disclaimer: Ancoria Bank Ltd may at its choice, reject an application/business relationship for legal, regulatory or other reasons and withdraw or amend any plan, at any time. The granting of credit facilities is subject to the granting of security acceptable to the Bank. In certain cases, the offer which Ancoria Bank Ltd may make, may differ, following an assessment of your personal financial and other circumstances.

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Banking made simple

myAncoria is an award-winning, handy app that lets you access your accounts anytime, anywhere. Track your expenses and transfer money between accounts in seconds. Stay on top of your financials no matter where you are. All with myAncoria. Access myAncoria from your PC, tablet, or mobile app.

If you have any questions, or simply need some help to get started

Call us on 8000 0050 or +357 22849000