Hire Purchase and Leasing are ways for your business to borrow money for machinery, equipment and vehicles. We'll help you to choose the term and frequency that suits your business. Our finance options usually last up to five years but we can discuss longer periods.

Flexible repayments

Seasonal business changes can impact your ability to pay back your facility. We can arrange ad-hoc / stepped payments and seasonal adjustments to make your repayments as stress free as possible.

Fixed rate of interest

Your repayments have a fixed interest rate so you can account for it in your budgeting and future cashflow. We also offer Hire Purchase Variable Options on amounts over €50,000.00.

For any business assets

Save precious capital by spreading payments for the asset, rather than paying one lump sum. We will consider financing any asset, no matter your business size.

Uses for finance include:

  • Equipment (e.g. finance tooling, servers, medical equipment or agricultural machinery)
  • Agri assets (e.g. tractors, trailers, combine harvesters, balers or diet feeders)
  • Plant and equipment assets (e.g. warehouses or construction plants)
  • Vehicles and heavy goods vehicles.

Asset finance at a glance

  • Leasing and Hire Purchase options
  • 100% financing available
  • Flexible repayments
  • A range of terms to suit your business
  • Any asset or business size considered
  • Fixed interest rate

How to apply

Speak directly to your Relationship Manager, visit your local AIB branch or call 0818 47 88 33 (Monday
to Friday 9am-5pm).

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Fees and charges

For Hire Purchase there is a documentation fee of €63.49 payable with the first payment and a purchase fee of €12.70 payable with the last instalment.

For leasing there is a documentation fee of €78.09 (including VAT).

Regulatory notice

Warning: You will not own these goods until final repayment is made.
You may have to pay charges if you repay early, in full or in part, a fixed rate credit facility.


Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required. Allied Irish Banks, p.l.c., trading as AIB Finance & Leasing, provides Asset Finance by way of Hire Purchase.  AIB Leasing Limited, trading as AIB Finance & Leasing, provides Asset Finance by way of Leasing. Allied Irish Banks, p.l.c. and AIB Leasing Limited, trading as AIB Finance & Leasing, are regulated by the Central Bank of Ireland.