PTSB Launches New Personal Loan Overhaul

September 17, 2025 Victoria Sterling -Business Editor Business

Here’s a breakdown of the information from the ⁢provided⁢ text:

Main Point:

PTSB (Permanent ⁤TSB) is considerably changing its ⁢personal loan offerings, primarily by ⁣ reducing interest rates for most new borrowers.

Key Details:

* Overhaul: ‍ PTSB is implementing a “major overhaul” of its personal loan suite.
* Simplified Structure: The loan structure is being simplified ‌to just three interest rates based only on the loan amount.
* Rate Changes:

*⁣ ‌Loans between⁣ €1,500 and €9,999 will have an 8.5% interest rate (previously 13.4%).
* Effective Date: The changes are effective ​from Wednesday.