Loans and credit

Overview Document Borrowing money Consumers who borrow money are protected by legislation. Information on types of credit, getting the right loan for your needs and your right to privacy as a financial consumer.

Advertising of credit
There are detailed rules governing the advertising of financial services and credit. The Central Bank of Ireland monitors compliance with these rules.

Banking overdrafts
Strict rules are applied by banks and financial institutions regarding overdrafts. How to apply for an overdraft from a financial institution and what to do if you experience difficulty in paying back an overdraft.

Taking out a mortgage
A mortgage is a long-term financial commitment. You need to assess your finances and ensure that you can manage the repayments. The Central Bank has set limits on the size of residential mortgages.
This document is in: Housing > Owning a home > Help with buying a home

Hire purchase agreements
This document describes the law concerning hire purchase agreements.

Moneylending
Moneylending is the practice of giving cash loans or supplying goods or services that are repaid at a high level of interest over a short period of time. Information about how moneylending is regulated and the rules that apply.

Credit history - the Irish Credit Bureau
The Irish Credit Bureau maintains information about the performance of credit agreements between borrowers and financial institutions.

Interest on loans and savings
If you borrow money you will be charged interest. If you save money you will earn interest. Find out about the different terms used for interest charged or earned.
This document is in: Money and Tax > Personal finance > Savings and investments

Personal Microcredit Scheme - It Makes Sense loans
This easy-to-access loan from participating credit unions is aimed at people getting social welfare payments who may have difficulties accessing credit. It is not available from all credit unions.