Here’s how it works: If you needed to borrow €100,000 for a home and took out an APlus account, you would essentially have a €100,000 overdraft. It’s an easy way to manage your money long term. If you have a savings account the interest is taken off what you would pay on your loan. When money is deposited into your account the loan is reduced. APlus AccountĪn APlus account provides you with a new way of borrowing that takes into account modern lifestyles, competing priorities and the flexibility many families need. The package can include an overdraft, home loan, savings, debit card and credit credit card, providing a single pot of money with a credit limit of the amount of a home loan. the interest, will be higher over the long term. It is important to note that while the monthly payment will be lower, the overall cost of servicing the loan, i.e. Payment will include some of the amount borrowed and interest at the applicable rate.īorrow the money over 35 years and the amount will be broken down into 420 payments Here’s how it works: A € 100, 000 loan for a home will be divided into monthly payments over the agreed term of the loan.