Business Lending Interest Rates
Rates charged on lendings are correct as of 30th May 2023
| 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 Line1 |
7.45% 5.95% 3.124% 3.124% 7.85% 3.625% 5.625% |
| Other Business Lending – not available for new loan facilities | Interest Rate |
Prime1 CoF Rate (UB Standard Calculation & Definition)2 CoF Rate (UB Pre 2012 Calculation & Definition) 3 |
3.625% 0.157% 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 rate is calculated based on the 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.
Note 3: This interest rate is only applicable to loans purchased from Ulster Bank Ireland DAC and applies to customers impacted by the Ulster Bank Business Lending Interest Rate Review. This Cost of Funds rate is currently set to 0.000% at the Banks discretion. AIB reserves the right to change this rate in the future. In that event it will be calculated based on the 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.
