Loans and credit

Overview Document 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.

Bank 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: Help with buying a home

Hire purchase agreements
Get information about what a hire purchase (HP) agreement is, what costs are involved and your rights when you take out a HP agreement.

Borrowing from a moneylender
A moneylending loan is a short-term and high cost form of loan. Using a moneylender is one of the most expensive ways you can borrow money. Information about how moneylending is regulated and the rules that apply.

Your credit history
Describes how credit history databases work and how to access your credit history in the Central Credit Register.

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: Savings and investments

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.

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.