permanent tsb has launched a special 12 month loan account which is designed to help customers spread the payments for bills and predictable family expenditure items over a 12 month period. The new account is called The Bill Manager Loan Account and it carries an interest rate of 9.9% APR. Loan amounts of over €1,500 can be borrowed on the account.
Customers calculate the likely cost of their domestic / household bills for a twelve month period
Customers borrow an affordable amount from the Bill Manager Loan Account to meet these financial commitments
Ideally customers lodge the loan money into a separate bank account in order to pay these bills when they arise and...
Customers make an even monthly repayment to repay the loan over a 12 month period
Miriam Bloom, Head of Consumer Finance at permanent tsb said:
This account is designed for people who have regular income and who want to have more control over their domestic/household expenses and bills. Rather than finance domestic and household bills on Credit Cards or risk going overdrawn on their normal current account, The Bill Manager account will give them greater control and certainty over their monthly cash flow and the interest rate on the Bill Manager Account is significantly lower than is the case with overdrafts or credit cards.
Bill Manager can be used to finance a range of household expenses from domestic bills to back-to-school expenses, to insurance premiums or family holidays.
The Bill Manager Loan Account has a variable rate of 9.9% (APR) which is significantly lower than is the case with overdrafts or credit cards. The amount that can be borrowed ranges from a minimum of €1,500 up to a maximum of €50,000 but the loans granted will depend on a customer’s demonstrable ability to repay. The loan period is 12 months only. Customers must be over 18 years of age. Normal lending terms and conditions apply.
