Hello,
can anyone help me with what the policy is for banks that issue loans to customers who they also hold motgages for.
I have recently been issued a personal loan of €4000 by AIB. The interest rate is a whopping 4%/ I also hold my mortgage with this institution.
My sister is a mortgage holder with EBS and has also recently been issued with a personal loan by the same institution. She has been given this loan at a rate of 3%...as it is this institutions policy to grant personal loans to their mortgage customers at roughly their mortgage variable rate.
Does anyone know anything about this?
Do I really have no option but to go with this extortionate rate offered by AIB? 13 % is almost that of a credit card.
Any help/advice would be appreciated,
Paul.