Variable rate mortgage

As the name suggests, the interest rate you pay on a National Irish Bank variable rate home loan may change in line with any fluctuations in general interest rates. When interest rates go down, your monthly repayments do likewise. However when interest rates rise, your monthly repayments will increase too. You can also make lump sum repayments at any time without any penalty.

You may also be eligible to earn a preferential rate today by opening or switching to our Easy Plus or Prestige current account packages and earn up to 0.45% discount from our Home Loan Variable Rate*. Standard fees and charges will apply.

*Terms and Conditions apply, salary or equivalent regular income required to be mandated to the account. Loans subject to credit assessment.

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You've found the house you want. Now you need to decide on the mortgage that best suits your needs. You want to take advantage of lower short-term interest rates. And you have enough of a buffer to cope if interest rates rise. The right mortgage for you? A variable rate mortgage. The benefits of a variable rate mortgage include:

Flexible repayment to suit your finances.
The interest rate and your repayments are usually lower than for fixed rate mortgages.
You can pay off all or part of the loan whenever you want.
Prestige and Easy Plus package holders may be eligible for a Preferential discount rate on their mortgage interest rate.*

*subject to relevant eligibility criteria

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