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.