Can you negotiate personal loan interest rates?

[Guns N Roses]

I have been a Bank of Ireland customer for all of my adult life. I would like to take out a personnel loan with them in the near future.

BOI are charging 11.5% APR but AIB are the cheaper @ 10.14%.

Will BOI match AIB's rate if I treaten to move all of my accounts (mortgage, credit card, current account etc.) to AIB?

Are AIB likely to give me the loan (assuming my credit rating checks out) if I don't have a credit history with them?

 

[44brendan]

No! For small personal type loan facilities the banks operate off a Matrix of rates. There is no level of discretion on these rates, similar to rates given on deposits. Just apply to AIB.

 

[Gerry Canning]

Guns& Roses.

Hard today to get personal loans even if you are a customer.
On k10 over 60 months Boi are circa e 7 dearer a month.= 420 more.
But check for (nice) little thing like set up costs with both.
Boi might match, suggest get written quote from Aib.

Is it worthwhile shiftng all for 420?
Then again would you not fight with a car dealer for 420?

44brendan;
Aib will cut rates if it suits them , even on personal loans.

On non-consumer ie business ,if AIB want to take a deal they still drop rates.They just charge more elsewhere or end up bust for a 3rd time and we bail them out for a 3rd time.