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Wednesday 7 June 2023 Dublin: 13°C

# Loans

Last year
2022
# Personal Loans
Personal loans up significantly for home improvements, while decreasing for car purchases
The figures were released by the Banking & Payments Federation Ireland.
All time
# Loans
Fraud websites offering fast loans target vulnerable people ahead of Christmas, gardaí warn
The website will often suggest that it is regulated by the Central Bank Of Ireland, even though it is not, and provide a fake Irish address.
# unauthorised firm
Central Bank issues warning about four unauthorised firms offering loans
It’s a criminal offence for an unauthorised firm to provide financial services in Ireland that would require Central Bank authorisation.
# liteway loans
Central Bank issues warning to 4 unauthorised firms offering loans
The Central Bank also issued a warning notice to an unauthorised investment firm.
# Central Bank
New Central Bank rules mean moneylenders must place warnings on high interest loans
Ads from moneylenders will now have to contain warnings about high interest rates, as well as encouraging consumers to look for other options
# Mortgages
Taoiseach meets with five major banks to discuss Covid-19
The government says that the banks have agreed that anyone availing of a mortgage break can now extend the loan term.
# Liquidity
€1bn worth of supports announced for businesses, with a push to get companies to sell online
The supports aim to help with liquidity issues experienced by businesses.
# Your Say
Poll: Should moneylenders include 'tobacco-style' warnings in ads for high-cost loans?
Warnings often appear in the contract, rather than the ad.
# Vulture funds
Taoiseach says he didn’t realise his mortgage could be sold on by his bank when he took it out in 2003
In an interview with TheJournal.ie this week, the Taoiseach said he understood the intent behind Sinn Féin’s No Consent No Sale Bill.
# Housing
Councils no longer operating loan scheme to help struggling homeowners with repairs
There is a disparity across the country with some local authorities operating the schemes while others stopped years ago.
# Housing Crisis
New State lender to give cash to small developers to build homes for first-time buyers
The new state lender aims to deliver 7,500 homes within five years.
# Vulture funds
Mortgage-holders caught up in PTSB loan sale to be invited to tell of the turmoil it has caused
Sinn Féin’s finance spokesperson Pearse Doherty said a full committee session should be dedicated to the loan book sale.
# sell off
Calls for Dáil to be recalled after PTSB sell thousands of home loans to vulture fund
The bank sold its controversial Project Glas loan portfolio to a so-called vulture fund for around €1.3 billion.
# sell off
PTSB sells thousands of home loan mortgages to vulture fund
A total of 7,400 are owner-occupier mortgages, while 3,300 are buy-to-let properties.
# Overcharging
18,000 overcharged business accounts: Ulster Bank admits some customers complained five years ago
In a recent review the bank found it did not have the right five years ago to raise the rate of interest for for these customers.
# warning
Irish economy is growing substantially but Brexit 'poses major threat'
High levels of household and public debt are also concerning, the Central Bank has said.
# Credit Report
You can now view your own credit report for loans over €500
The register was formed as part of the EU/IMF bailout programme.
# Vulture funds
PTSB chief refuses to appear before Finance Committee next week over loan sale
The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.
# vultures
Dealing with a vulture fund - how these families have coped
With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.
# Vulture funds
Minister concedes homeowners who engaged with PTSB may not have deals honoured
PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.
# fire sale
'You're throwing people to the vulture funds': Government criticised for taking no action to halt PTSB loan sale
PTSB, which is 75% owned by the State, states it is selling off non-performing loans.
# pentire
'I wouldn't want to go up against them alone': Vulture fund ramps up taking homeowners to court
Pentire Property Finance is a subsidiary of US investment giant CarVal.
# interest free
Irish Prison Service paid out €500k in loans to inmates over three years
The loans were given for a number of reasons, including the purchases of games consoles.
# no loans
'No ifs, no buts, no education cuts' - Students from across the country march through Dublin
The government is being accused of “kicking the can down the road” on education funding.
# car trouble
Bank ad ordered to be changed after child shown wearing puffy jacket in car seat
AIB was found to be in breach of the advertisers’ code.
# YOUR BEST PRICE
'Why were only three bidders selected?': Call for investigation into Nama sale of Project Tolka
Fianna Fáil’s Michael McGrath has called on the C&AG to investigate the sale of a Nama portfolio.
# Criticism
Bank of Ireland 'Fomo' loans for students branded as 'irresponsible'
The loans were only offered to a select number of students at Dublin City University.
# Great Irish Sell Off
'Out of the blue, we got a letter to say our loans had been sold to a vulture fund'
Housing has become the biggest issue for hundreds of thousands of people in Ireland.
# vultures
'The Central Bank is in the dark' over how many business loans vulture funds own
Michael McGrath said that the situation was “incredible”.
# In the red
Ireland's local authorities are over €4 billion in debt
Minister Simon Coveney says he doesn’t believe that any of the loans are unsustainable.
# ibrc
New law to grant extra powers to allow the Siteserv inquiry get on with work
The ongoing investigation into the IBRC and the Siteserv deal has been held up by strict issues of legal confidentiality.
# Newtownmountkennedy
One of the country's top golf courses, Druids Glen, has gone into examinership
Druids Glen says despite the court proceedings it will be a case of “business as usual” at the course.
# sponsored by kbc
Here's everything you need to know before you look at getting your first mortgage
We’ve got you covered.
# COYBIG
Football fans offered loans of up to €30,000 to pay for Euro 2016 trip
One TD has warned that the loans are reminiscent of “the economic euphoria” of the boom.
# Repayment
AIB is going to start paying back some of those billions to Ireland
Shareholders will vote today on a number of measures.
# Explainer
What on earth is this Siteserv story all about - and why is it back in the news?
Denis O’Brien, IBRC and an obsessive TD are all part of tangled web of controversy.
# Courts
'Very good man' who stole almost €1.7 million from Credit Union jailed
The total net loss amounted to €453,300 as he was repaying debts he already had with the banks.
# Loans
The IBRC gave A LOT of commercial borrowers really good interest rates
A parliamentary question has revealed that as many as 40% of commercial loans had interest rates of less than 2%.
# Court
Jury in Sean FitzPatrick trial asked to return next Wednesday
The judge said there were “unforeseen matters” in the case.
# We all partied
The government says it saved over €10bn by complaining to the Troika
Some people still think we could have got a better deal, however.