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Unsecured Business Lending

Unsecured Business Lending up to 25,000

Unsecured Business Loan up to £25,000

All examples are based on a representative rate of 7% p.a. variable (6.75% p.a. fixed + Bank of Ireland UK base rate, currently 0.25% p.a. variable).

Lending set up fee 1% (min. £100).

Lending criteria terms and conditions apply.

Example:

Loan Size
£5,000 Representative APR1 Monthly Repayment

Total Charge For Credit

Incl. £100 lending set up fee

Total Amount Repayable

Incl. £100 lending set up fee

1 Year Term 11.4% £432.63 £291.60 £5,291.60
2 Year Term 9.4% £223.86 £472.71 £5,472.71
3 Year Term 8.7% £154.39 £657.88 £5,657.88
4 Year Term 8.4% £119.73 £847.10 £5,847.10
5 Year Term 8.1% £99.01 £1,040.36 £6,040.36
 
Loan Size
£10,000 Representative APR1 Monthly Repayment

Total Charge For Credit

Incl. £100 lending set up fee

Total Amount Repayable

Incl. £100 lending set up fee

1 Year Term 9.3% £865.27 £483.21 £10,483.21
2 Year Term 8.3% £447.73 £845.42 £10,845.42
3 Year Term 8.0% £308.77 £1,215.75 £11,215.75
4 Year Term 7.8% £239.46 £1,594.20 £11,594.20
5 Year Term 7.7% £198.01 £1,980.72 £11,980.72
 
Loan Size
£15,000 Representative APR1 Monthly Repayment

Total Charge For Credit

Incl. £150 lending set up fee

Total Amount Repayable

Incl. £150 lending set up fee

1 Year Term 9.3% £1,297.90 £721.81 £15,721.81
2 Year Term 8.3% £671.59 £1,268.13 £16,268.13
3 Year Term 8.0% £463.16 £1,823.63 £16,823.63
4 Year Term 7.8% £359.19 £2,391.30 £17,391.30
5 Year Term 7.7% £297.02 £2,971.08 £17,971.08
 
Loan Size
£20,000 Representative APR1 Monthly Repayment

Total Charge For Credit

Incl. £200 lending set up fee

Total Amount Repayable

Incl. £200 lending set up fee

1 Year Term 9.3% £1,730.53 £966.42 £20,966.42
2 Year Term 8.3% £895.45 £1,690.84 £21,690.84
3 Year Term 8.0% £617.54 £2,431.51 £22,431.51
4 Year Term 7.8% £478.92 £3,188.39 £23,188.39
5 Year Term 7.7% £396.02 £3,961.44 £23,961.44
 
 
Loan Size
£25,000 Representative APR1 Monthly Repayment

Total Charge For Credit

Incl. £250 lending set up fee

Total Amount Repayable

Incl. £250 lending set up fee

1 Year Term 9.3% £2,163.17 £1,208.02 £26,208.02
2 Year Term 8.3% £1,119.31 £2,113.55 £27,113.55
3 Year Term 8.0% £771.93 £3,039.39 £28,039.39
4 Year Term 7.8% £598.66 £3,985.49 £28,985.49
5 Year Term 7.7% £495.03 £4,951.80 £29,951.80
 

Unsecured Authorised Business Overdraft up to £25,000

All examples based on a representative rate of 7% p.a. variable (6.75% p.a. fixed + Bank of Ireland UK base rate, currently 0.25% p.a. variable).

Lending set up fee 1% (min. £100). Annual Overdraft Fee 0.5% (min. £50).

Lending criteria terms and conditions apply.

Example:

1 Year
Overdraft Size Lending set up Fee Representative EAR2 Total Charge For Credit Total Amount Repayable
£5,000 £100 7.19% £459.30 £5,459.30
£10,000 £100 7.19% £818.59 £10,819.59
£15,000 £150 7.19% £1,227.89 £16,227.89
£20,000 £200 7.19% £1,637.18 £21,637.18
£25,000 £250 7.19% £2,046.48 £27,046.48
 

There are charges involved when taking out a business overdraft. Should you exceed any arranged authorised overdraft, additional charges and a higher rate of interest on the arranged overdraft amount will apply. Please refer to our Schedule of Charges for Business Customers brochure and our Rates and Products Guide for details. Overdrafts are repayable on demand.

All rates are correct as of 19/07/2017

Representative APR: Annual Percentage Rate. This is used as a measure of how much it costs to borrow money. This percentage gives customers an accurate representation of how much they are being charged when they are taking out a loan over a set period of time. It allows customers to compare the total amount repayable. The total amount repayable includes both interest and any associated upfront fees/charges.

2 Representative EAR: Effective Annual Rate. This represents the yearly cost of borrowing money and considers the interest rate and how often interest is compounded. There are no fees included in this calculation.