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Applying for a loan may seem like a complicated process as some of the terminology can be quite confusing. To help give you a better understanding, we’ve provided a financial jargon buster which gives explanations to some of the most common financial terms involved in the loan process.


APR stands for Annual Percentage Rate and is the annual rate of interest you will be charged on a loan. This takes into account all of the costs associated with a loan including both the set-up charges and interest rates over the loan term.

Credit History

Your credit history is your record of repaying loans. Most lenders in Ireland use the Irish Credit Bureau (ICB) to check the credit history of applicants. The ICB have a record on individual borrowers and uses information provided by lenders to determine credit scores.

Irish Credit Bureau

The ICB are a credit reference agency that maintain the credit history of individual borrowers. If you would like to see your credit history you can visit the ICB website here and get a copy of your details for a small fee.

Personal Loan

A personal loan is a source of finance that is generally smaller than a mortgage. They can also be known as an ‘unsecured loan’ as they are typically not secured against any asset such as a property. We offer a range of personal loans allowing you to finance a new car, home improvements, a wedding, a holiday and much more!

Refinance loan

Otherwise known as a debt consolidation loan, this type of loan allows you to get back on your feet and repay any outstanding debts that you may have. To find out more about this type of loan you can check out our debt consolidation page.

We hope this gives you a better understanding of some of the terminology used and that your application process is straight forward. If you are interested in applying for a personal loan you can Get a Quick Quote here and apply within minutes!

If you have any other queries you can check out our FAQ page and see if we have already answered your question.