Introduction to Moneylenders 

A licensed moneylender carries on the business of moneylending under the specific terms of the licence granted by the Central Bank of Ireland.

A moneylending agreement is defined as "a credit agreement into which a moneylender enters or offers to enter, with a consumer in which one or more of the following apply:

  1. the agreement was concluded away from the business premises of the moneylender or the business premises of the  supplier of goods or services under the agreement
  2. any negotiations for, or in relation to the credit were conducted at a place other than the business premises of the moneylender or the business premises of the supplier of goods or services under the agreement
  3. repayments under the agreement will, or may, be paid by the consumer to the moneylender or his representative at any place other than the business premises of the moneylender or the business premises of the supplier of goods or services under the agreement or
  4. where the total cost of credit to the consumer under the agreement is in excess of an APR of 23 per cent., or such other rate as may be prescribed."

 Moneylenders do not include the following:

  • Pawnbrokers
  • Credit Unions
  • Friendly Societies
  • Credit Institutions
  • Hire Purchase agreements
  • Mortgage Lenders

Please see link to Register of Moneylenders.

Refer to 'Available in this Section' on the right for more details on moneylenders.