PTSB Launches New Personal Loan Overhaul
News Context
At a glance
- PTSB (Permanent TSB) is considerably changing its personal loan offerings, primarily by reducing interest rates for most new borrowers.
- * Overhaul: PTSB is implementing a "major overhaul" of its personal loan suite.
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.