Business Lending Interest Rates
Rates charged on lendings are correct as of 27th September 2022
| Current Business Lending Rates | Interest Rate |
SME Fixed Rate Loan SME Variable Business Loan Base Lending Rate Loan1 SBCI Variable Rate Loan1 Business Overdraft AA Rate Business Overdraft AAA Rate1 Business / Farmer Credit Line |
6.95% 5.50% 0.362% 0.362% 7.85% 1.250% 3.250% |
| Other Business Lending – not available for new loan facilities | Interest Rate |
Prime1 CoF Rate (UB Post 2012 Calculation & Definition)2 CoF Rate (UB Pre 2012 Calculation & Definition) 2 |
1.250% 0.348% 0.000% |
Note 1: Facilities based on this rate are also subject to an agreed interest margin
Note 2: This interest rate is only applicable to loans purchased from Ulster Bank Ireland DAC. This ‘Cost of Funds’ (CoF) rate is calculated based on the methodology and contractual definition per the customer facility agreement that transfers to AIB at purchase. Facilities based on this rate are also subject to an agreed margin. This rate is not available for new loan facilities.
