Hibernian Insurance today signed a deal with GE Capital to provide unsecured personal loans under the Hibernian brand name.
Consumers set to gain as personal loan market heats up
Hibernian Insurance today signed a deal with GE Capital to provide unsecured personal loans under the Hibernian brand name.
The deal with GE Capital sees a highly competitive personal loan product available for sale through Hibernian’s extensive customer network of contact centre, Internet and countrywide branches. The APR of 7.75% is one of the most competitive on the open market at the moment.
Hibernian Direct, the direct distribution arm of Hibernian Insurance, has already signed a number of exclusive distribution agreements with other companies, including a highly successful home loan mortgages partnership with IIB Bank. This latest deal with GE Capital provides Hibernian customers with even more financial choice and further enhances the ‘one-stop-shop’ concept of Hibernian as a full financial service provider.
As one of the world’s leading providers of consumer finance this deal gives GE Capital access to Hibernian’s well-established brand and extensive distribution network across Ireland.
Commenting on the new partnership Malcolm Reid, Director of Hibernian said: "We are delighted to sign this deal with GE. Hibernian’s aim is to provide its customers with the best possible financial value they can get, and with an APR from 7.75% we believe we are certainly doing that".
Kieran Holland, Director of Consumer Finance, GE Capital, said: "We are delighted that Hibernian, Ireland’s leading insurance company, is allowing GE to offer more choice to their customers, linking finance and insurance and opening up exciting opportunities."
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Product details:
- Unsecured personal loans, variable terms with fixed monthly repayments
- Loan amounts: €1,000-35,000
- Loan terms: 12-60 Months
- APR: 7.75% minimum based on risk profile
- Eligibility: Over 18 years earning at least €16,500 per year
- 90% of loan decisions will be made within a hour
- Loans available from Hibernian branches nationwide or by telephone on 1890 33 22 11, or at www.hiberniandirect.ie
Press contact
Kela O’Riordan, 01 617 8164, 086 606 8842,
kela.oriordan@hibernian.ie
Peter Mitchell, 01 294 5494, 087 2599814,
peter.mitchell@businesstalk.ie
Notes to editors:
- Hibernian is part of the Aviva plc the fifth largest insurance group in Europe, and seventh globally (based on gross worldwide premia)
- Hibernian is Ireland’s largest composite insurer, ranked first for general insurance and top five for life and pensions
- Hibernian Direct Ltd is the direct distribution arm of Hibernian Insurance
- GE Capital Woodchester employs 500 people in Ireland and is a provider of specialised financing products and services such as Motor Finance, Personal Loans, Mortgages and Commercial Equipment finance to businesses and individuals across Ireland. More information is available at www.gecapital.ie
- A photograph is available by ISDN
- Hibernian news releases are also available on www.hibernian.ie