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How are loans repaid?

aaronduffy18 · 2018-11-04 20:15:33

I was thinking of getting a student loan for next year and i am wondering how are they repaid, do i have to do it in person or is it taking out of my account or can i set up a bank draft/transfer weekly for it too be repaid?

04-11-2018 8:15pm

#1

aaronduffy18

Registered Users, Registered Users 2 Posts: 9 ✭

Join Date: August 2014

Posts: 4

I was thinking of getting a student loan for next year and i am wondering how are they repaid, do i have to do it in person or is it taking out of my account or can i set up a bank draft/transfer weekly for it too be repaid?

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#2 05-11-2018 10:53am

Bank of Ireland: Darren

Closed Accounts Posts: 991 ✭✭✭

Join Date: May 2017

Posts: 976

aaronduffy18 wrote: »

I was thinking of getting a student loan for next year and i am wondering how are they repaid, do i have to do it in person or is it taking out of my account or can i set up a bank draft/transfer weekly for it too be repaid?

Hi aaronduffy18,

Thanks for the message.
Most loans would generally be repaid automatically by direct debit. But this can be decided when make the application. I've given a link here that shows the details of the student loans that we currently offer and how you can apply for each of them.

Thanks again,
Darren.

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