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Personal Loans

Our lowest ever representative rate
for loans of 7,500 to 25,000.

Personal Loans

Put your plans into action!

We've just reduced our prices for larger loans. Our lowest ever representative 3.9% APR for loans of 7,500 to 25,000. Other amounts available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from the Representative APR. Over 18s and existing Isle of Man Bank current account customers only.

Personal Loans

Here's what a loan could do for you…

Borrow for a range of purposes

From home renovations to purchasing a new car, a Isle of Man Bank personal loan can help bring your plans to life.

Borrow between 1k and 35k

1,000 - 14,950 repays over 1 to 5 years, 15,000 - 35,000 over up to 7 years. Home improvement loans over 2,500 repay over up to 10 years.

Fixed monthly repayments

Our fixed rate loan will give you peace of mind that your monthly repayments will not increase throughout the term.

Borrowing for homeowners

Make a house your home

If you have a mortgage, you could use your home as a source of finance, often at more competitive rates than personal loans.

You may be able to use the value of your home to borrow for any property related improvements.

Personal Loans

Key information

Key information for our personal loans from 1,000 to 35,000

Who can apply? If you're over 18 and an existing Isle of Man Bank current account customer.
If you haven't been declared bankrupt.
Interest rate If successful, the interest rate you will pay is based on your personal circumstances
Repayment period For loans up to 14,950, the maximum loan term is five years. For loans between 14,950 and 35,000, you can borrow over a maximum of seven years. If you're borrowing over 2,500 for home improvements, you can take the loan over ten years. No matter how much you borrow, the minimum borrowing term is one year.
Amount of Loan available 1,000 to 35,000 in increments of 50.
Application/Arrangement Fee No arrangement fee applicable.
Other fees None
Default fees Missed Payment fee of 6 each time a payment is missed.
Default Notice fee of 30.
Early Settlement If you chose to repay the Loan early, either in full or in part then additional interest will be payable. This will be an amount equal to 58 days interest at the Annual Rate of Interest (28 days’ interest only if the original period of the loan is one year), calculated on a daily basis on (a) the amount by which the outstanding balance of the Loan is reduced by the overpayment or (b) where the Loan is repaid early, on the amount of the outstanding balance of the Loan which is repaid ahead of the due date.

Please note that an application for credit will usually be recorded with credit reference agencies and may affect your ability to obtain credit elsewhere in the future.

Ready to apply?

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