Business Lending Interest Rates

Rates charged on lendings are correct as of 18th June 2024

Current Business Lending Rates Interest Rate

SME Fixed Rate Loan

Business Fixed Rate Loan

SME Variable Business Loan

Business Variable Rate Loan

Base Lending Rate Loan1

SBCI Variable Rate Loan1&2

Business Overdraft AA Rate

Business Overdraft AAA Rate1

Business / Farmer Credit Line1

7.45%

7.45%

5.95%

5.95%

3.904%

2.654%

7.85%

4.25%

6.25%

Other Business Lending – not available for new loan facilities Interest Rate

Prime1

CoF Rate (UB Standard Calculation & Definition)3

CoF Rate (UB Pre 2012 Calculation & Definition)4

4.25%

0.743%

0.000%


Note 1: Facilities based on this rate are also subject to an agreed interest margin

Note 2: From 13th of November 2023 to 11th of November 2024, the weekly calculation of the SBCI Variable Interest Rate incorporates a temporary reduction of 1.25%.

Note 3: 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 4: 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 Bank's 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.