Ryanair is to start offering personal loans with GE Capital Woodchester, the company announced today.
The loans are being marketed with an APR of 7.9 per cent. Customers with a good credit rating and a minimum salary of €16,500 will be entitled to apply for loans of between €2,000 to €20,000.
Ryanair is offering offering free travel insurance for a year to the first 500 customers to take out a Ryanair loan.
"Financial services have proved to be very successful for us, with the Ryanair credit card surpassing all expectations," said Ryanair chief executive, Mr Michael O'Leary.
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Last February Ryanair launched a credit card in Ireland and the UK in partnership with MBNA Europe and 123.ie, Ryanair's online financial services partner.
