Free up your working capital
A business loan means you can leave your other credit options free to spend on the day-to-day running of your business.
When your business circumstances change, your ability to pay back your loan can be affected. We can arrange breaks in payments, seasonal adjustments and interest-only options with you. So paying back your loan can be as stress free as possible.
*Flexible repayment arrangements may impact on the repayment amount and/or term of the loan.
Tailored to you
We know that no two businesses are the same. We will look at your loan application on an individual basis, to make sure your particular needs are always considered from the start.
Loans from €60,000
- Competitive variable interest rates
- Flexible repayment options*
- Ideal for larger funding needs
- Tailored to your business needs
How to apply
Download the application form and return the completed form to your Relationship Manager or AIB Branch.
For loans from €300,000 to €1,000,000, please contact your relationship manager or a local branch
For loans over €1,000,000, please contact your relationship manager or your local AIB Business Banking Centre.
Our Business Interest Rates are increasing, here's what you need to know:
SME Variable Business Loan
SME Variable Business loans are available for amounts from €60,000 to €300,000. A new variable rate of 5.95% will be effective from 26 May 2023 on all SME Variable Business Loans. If you are affected by this interest rate change, we will write to you in advance.
Interest rate changes take into consideration the European Central Bank (ECB) interest rate increases over recent months.
Frequently asked questions
Why is the interest rate on my SME Variable Business Loan changing?
SME Variable Business Loan interest rates can vary from time to time. Interest rate changes take into consideration the European Central Bank (ECB) interest rate increases over recent months - the ECB has increased interest rates by 3.5% up to April 2023. We are increasing the interest rate on our SME Variable Business Loan by 0.45%.
I have a business loan, will the interest rate change?
If you are affected by this interest rate change, we will write to you in advance.
What does this interest rate change mean for me?
An increase in your interest rate means that the cost of credit of your loan will also increase. That can also mean that the remaining repayments on your loan may not be enough to clear it in full. You may have to make further repayments to clear your loan.
I have an SME Variable Business Loan; will my loan repayments change automatically?
For SME variable loans, the repayment amount does not change throughout the life of the loan, even if the interest rate changes. This may lead to a balance to pay at the end of the loan term. Our letter will outline this, include an illustrative example of the additional cost and will also outline your options if you want to change your repayment schedule.
How can I change my loan repayments?
Once the interest rate on your loan has changed, you can change your repayment schedule by contacting your Relationship Manager or the Direct Business Team on 0818 303 571 / +353 818 303 571 (outside of Ireland) Monday to Friday 9:00 to 17:00.You can also make extra repayments to your variable rate loan at any time.If you pay by standing order you will need to change your repayment amount. You can manage your standing order through AIB Internet Banking.
What will happen if my usual loan repayments are not enough to pay off my loan?
If there is a balance at the end of the term of your loan, you have to pay it. We will continue to report it to the Central Credit Register (CCR) until you pay it. Depending on how you repay your loan, your direct debit may continue until your loan is repaid in full or we will arrange a way for you to repay it.
I have loan approval for an SME Variable Business Loan, but I have not yet drawn the money. What interest rate will apply to my loan?
The SME Variable Business Loan rate will change from 5.5% to 5.95% on 26 May 2023. An interest rate of 5.95% will apply to all SME Variable Business loans from 26 May 2023. Your repayments will be those in your Letter of Offer which could mean that the scheduled repayments on your loan may not be enough to clear it in full.
I have an SME Variable Business Loan; can I pay my loan in full before the interest rate change?
Yes, you can clear your variable rate loan or make extra payments to it at any time with no penalty.
Will my Central Credit Register (CCR) record be affected due to these changes?
We will continue to report the balance on your loan to CCR until it is cleared.
What do I do if I am having difficulty meeting my repayments?
If you are having difficulty meeting your repayments or anticipate difficulty, we would like to work with you to find a way to help you manage your situation. If you would like to discuss your situation, please contact your Relationship Manager or local branch.
|Warning: You may have to pay charges if you repay early, in full or in part, a fixed rate credit facility.
|Warning: The cost of your repayments may increase.
|Warning: The entire amount you have borrowed will still be outstanding at the end of the interest only period.
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.