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info@financeforyou.ie

Terms of Business

Terms of Business - Personal Loan

  1. Advance and Repayment
    1. The firm agrees to advance the Loan referred to at the Important Information above and you agree to borrow the Loan subject to the terms and conditions set out in this Agreement.
    2. You agree to repay the Loan and to pay interest on it as set out in the Important Information above in accordance with the terms and conditions of this Agreement including the Important Information.
  2. Drawdown
    1. You must draw down the Loan in full to one account no later than the date which falls 30 days after the date on which the Important Information is stated to be valid (unless the firm agrees otherwise in its absolute discretion).
    2. If you wish to draw down parts of the Loan on different dates, you can request that from the firm. The firm has absolute discretion on whether to agree to such a request or not and on what conditions should apply.
  3. Repayment and Arrears Interest
    1. The repayment instalments (Repayment Instalments) set out in the Important Information are calculated by the firm on the basis of payment at regular agreed intervals. If the due date for a Repayment Instalments falls on a non-business day, then the Repayment Instalment may be paid on the next succeeding business day.
    2. You agree to repay the Loan and repay interest you owe to the firm by the way of the Repayment Instalments shown in the Important Information unless the firm agrees otherwise in writing.
    3. Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.
    4. Telephone Contact: I/we hereby agree by inserting a ü below that the firm may contact me by telephone concerning this Agreement outside the hours of 9am to 9pm Monday to Saturday.
    5. First Customer Product /Service Information: Please indicate by ticking the box below whether you would like to receive by email, newsletters or information on new products or services, lending rates, discounts or offers of the firm or those companies within the same group of the firm or carefully selected third parties.
    6. Document electronically signed on 18 May 2023 10:00 (UTC). From 37.228.237.24, Using Chrome via Android Device. Verified by mobile 0894219187.
    7. The firm will calculate interest on the daily balance outstanding (after adjustment is made for cheques in course of collection).
    8. The firm shall compound interest on the Loan at such quarterly or other periodic intervals as the firm shall in its discretion determine.
    9. The interest rate applicable to the Loan is fixed for the period of the Loan and appears in the Important Information. The rate has been determined by reference to prevailing market rates, the risk associated with the Loan and the period and purpose(s) for which the Loan is being made available.
    10. If you are due to pay a repayment instalment on a non-business day, then you can pay it on the next business day. We may add extra interest in such cases.
    11. We compound interest on the Loan at intervals we set. For example, each interval can be a month or quarter.
    12. If you do not pay us a repayment instalment or other money by the date you were due to pay it, we will charge you an arrears interest rate of 1% per month or part of a month on the unpaid sum.
    13. We charge arrears interest from the date on which you were due to pay a sum until the date on which you pay it to us.
    14. The arrears interest rate adds up before and after any judgement we get against you and may be charged by us at any time by giving you notice as provided for in these terms and conditions.
    15. Gain a comprehensive understanding of our interest rate and get a glimpse of example payments:
      • Rate: Our interest rate is fixed at 23% APR (Annual Percentage Rate), providing stability and predictability for your loan.
      • Example Payments: Let’s illustrate how our rate translates into practical payment scenarios. For instance, if you borrow €6,000 over a period of 5 years, your monthly payment would be approximately €162.00, resulting in a total repayment of €9,719.15.
    4. Loan Repayment Table


    Other Fees:
  4. Charges and Expenses
    1. Subject to Section 112 of the Act, you hereby agree to the following;
    2. The consumer agrees to pay the firm’s legal costs which a court has adjudicated as being payable by the consumer in enforcing its rights under the agreement. The firm may (but shall not be obliged to) debit to the account any such legal costs which are not paid by their due date. The firm shall give the consumer at least 10 days’ notice before it does this.
    3. Should the Client wish to re-schedule/restructure the agreement the Firm has the right to charge €15.
    4. If the Client has insufficient funds to cause a bounced Direct Debit, the Firm will charge €12.70.
    5. Should the Client wish to request a Settlement Figure the Firm has the right to charge €10
    6. Should the Client wish to request to Change the Direct Debit Bank details the Firm has the right to charge €10
    7. Should the Client wish to request a Loan Statement the Firm has the right to charge €10
    8. Should the Client wish to Change the Date of which their repayment is due to be made the Firm has the right to charge €10
    9. Should the Client wish to change the Loan Repayment Schedule from Weekly to Monthly or Monthly to Weekly the Firm has the right to charge €10
    10. These fees can be varied at any stage subject to getting written notice 30 days in advance of any changes being implemented.
    11. If you do not pay us a repayment instalment or other money by the date you were due to pay it, we will charge you an arrears interest rate of 1% per month or part of a month (which is 12% per annum) on the unpaid sum. We will charge you a minimum of €2.54 per month or part of a month.
    12. A charge of €75 will apply in respect of the deferral of each and any instalment under the terms of the Agreement where such deferral has been agreed by the Firm.
  5. APR and Circumstances Under Which It Can Be Changed
    1. The APR shown in the Important Information has been calculated assuming:
      1. The Loan is drawn down in full in one amount, and;
      2. Interest is calculated on a daily basis and charged on a monthly basis; and
      3. You comply with the repayment schedule detailed in the Important Information and with your obligations under the Loan.
  6. Amortisation Table
    1. You have the right to obtain from the firm on request and free of charge, a statement of account in the form of an amortisation table. You may make this request at any time during the period of the Loan.
    2. To request an amortisation table for the Loan, please email us at financequeries@financeforyou.ie. The amortisation table will be sent to you by mail/email.
  7. Early Repayment and Right of Cancellation
    1. You may repay the Loan or any part of it early at any time
    2. If you repay an amount early the firm will reduce the total cost of the Loan by an amount equal to the interest and costs relating to the balance of the loan and interest payable for the for the remaining period of the Agreement set out in the Important Information
    3. You can terminate this Agreement at any time by repaying everything you owe to the firm in connection with the Loan including accrued interest up to the date of termination. No other charges apply for early termination.
    4. If you wish to repay your loan early the following procedures apply
      1. You should make contact with us either orally or in writing to state that you wish to repay the Loan early
      2. We shall agree a date when you shall repay the Loan.
      3. We shall send you a statement setting out the total amount repayable which will include capital and interest up to the agreed date of payment and daily interest. You must repay the Loan on the agreed date for payment otherwise daily interest will accrue.
      4. Once repaid you will receive a final statement of your Loan with us.
    5. You may cancel this agreement at any time within 14 days of your signature of this agreement. You may cancel by notice in writing to us, sent by email to info@smartloans.ie or by writing to us at 77 New Street, Killarney, Co Kerry. If you cancel your agreement immediately terminates. If you have not drawn down funds no further action is required by you. If you have drawn down funds and then cancelled, you must agree with us the date you will repay the Loan. We shall send you a statement setting out the capital and interest up to the agreed date of payment together with daily interest. You must repay the Loan on the agreed date for payment otherwise daily interest will accrue.
  8. Joint Borrowing
    Where more than one person is named as “you” or the “customer” in this credit agreement, any reference to “you” or the “customer” includes a reference to each of you and your agreements, obligations and liabilities under this Agreement are entered into by you on a joint and several basis. Any notice given to the first of you named as “you” or the “customer” in this Agreement shall be deemed to be given to all of you.
  9. Representation
    By signing the Agreement you represent and confirm to the firm that:
    1. the information you gave the firm verbally or in writing in your application or request for the Loan is true and accurate;
    2. you will use the Loan for the purpose(s) you told the firm of in your application or request for the Loan
  10. Events of Default
    If any of the following events occur:
    1. Any repayment or payment of principal or interest in respect of the Loan is made on a date later than the date it was due to be paid; or
    2. You breach any of the terms and conditions of the Loan including any representation or confirmation given by you in this Agreement of if you breach any other of your obligations to the firm; or
    3. Any guarantor dies, loses contractual capacity, becomes bankrupt or becomes insolvent (under Irish or other law); or
    4. Any guarantee should for any reason become unenforceable; or
    5. A guarantor of the loan make any attempt to terminate his or her guarantee or any part of it then the firm may terminate this Agreement and demand that you pay the firm all that you owe it in connection with the Loan including principal and interest. On such demand you will be obliged to pay the firm the amount demanded. If the firm so terminates this Agreement, it will do so in accordance with any applicable law or regulation.
    The Loan and any interest relating to the Loan are immediately repayable if:
    1. you become bankrupt;
    2. you become insolvent (under Irish or other law);
    3. you seek legal protection from your creditors (through entering any scheme under the Personal Insolvency Acts 2012 to 2015 or otherwise) or enter a composition agreement with your creditors whether under a statutory scheme or otherwise;
    4. you die or lose contractual capacity.
  11. Assignment and Disclosure of Information
    You consent irrevocably to any future transfer, howsoever arising of the Loan, this Agreement and any guarantee whether as part of a Loan transfer or securitisation scheme or otherwise.
    1. You permit us to transfer or create security over the Loan, this agreement and any security for the Loan as part of a loan transfer, as part of a securitisation or other sort of funding arrangement.
    2. You acknowledge that we may share any information or documents relating to the loan, this agreement and any security held for it to other persons and organisations in such a transfer, securitisation or other funding arrangement.
  12. Complaints
    The firm has in place for its employees, policies in respect of conflicts of interest. These are designed to ensure that potential conflicts of interest between you and the firm and the firm’s employees do not arise.
    1. If you wish to make a complaint regarding the standard of service provided by the firm or any other matter in connection with this Agreement you should make the complaint verbally or in writing and addressed to the Compliance Officer of the firm at 77 New Street, Killarney Co Kerry. Telephone 00 353 (0)64 6630340. A detailed summary of the firms complaints procedure is available on request.
    2. In the unlikely event that your complaint is not resolved after issue by the firm of the final response letter or within 40 business days of the date of receipt by the firm of your complaint, you may refer the complaint to the Financial Services and Pensions Ombudsman (FSPO). The FSPO can be contacted as follows: Financial Services and Pension Ombudsman, Lincoln House, Lincoln Place, Dublin 2 Telephone: +353 1 567 7000 Email: info@fspo.ie Website: https://www.fspo.ie
  13. General
    1. No relaxation, forbearance, indulgence or delay by the firm in enforcing any of the terms or conditions of this Agreement or the granting of time by the firm to you, shall prejudice, affect or restrict the rights and powers of the firm hereunder nor shall any waiver by the firm or any breach hereof operate as a waiver of any subsequent or any continuing breach hereof.
    2. Any notice, letter or document permitted or required to be given to you under this Agreement shall be deemed to have been validly given if served on you personally or sent to you by prepaid ordinary post or sent by way of email or left at your address stated in the Agreement or at the last address which shall have been notified in writing to the firm, and such notice, letter or document sent by post shall be conclusively deemed to have been received by you within 48 hours after the time of posting.
    3. The firm is regulated by the Central Bank of Ireland, New Wapping Street, North Wall Quay, Dublin, Ireland, D01F7X3, to operate as a Retail Credit Firm. It is the subject to the Consumer Protection Code for Retail Credit Firms. This code may be found at www.centralbank.ie.
    4. Words denoting the singular include the plural and vice versa.
    5. Words importing any gender include every gender.
    6. A certificate of the firm for any amount which is due or payable under the Agreement shall, in the absence of manifest error, be conclusive proof thereof.
    7. All rights vested in the firm by the Agreement are in addition to all rights vested or to be vested in the firm at common law or by statute. This Agreement supersedes any arrangements, understandings, promises or agreements made or existing between the firm and you and constitutes the entire understanding between the parties hereto.
    8. Each of the provisions of the Agreement is separate and distinct from the others and if at any time one or more of such provisions is or becomes invalid, illegal or unenforceable the validity, legality and enforceability of the remaining provisions hereof shall not be affected or impaired thereby.
    9. We reserve the right to change the terms and conditions of this agreement. We may do this as part of how we administer our customers’ loans, or so that we can manage our business better. We will send you notice before we do.


Warning: If you don’t pay back your loan on time, your account will fall behind in payments. This can affect your credit rating, making it harder for you to borrow money from bank in the future. It’s important to keep up with your payments to avoid extra fees.

Scammers are currently impersonating Smart Loans and contacting individuals asking for an upfront payment before they can finalise their loan. Smart Loans will NEVER ask you for an upfront payment before we finalise a loan. We have reported this illegal and unregulated activity to the Central Bank of Ireland.

Finance for You Ltd T/a Smart Loans
is regulated by the Central Bank of Ireland



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