Consumer Credit Regulations and Consumer Reference Rates for Business Banking Customers
Consumer Credit Regulations (CCR) for personal consumer borrowing of Business Customers that are portfolio managed (Business Managers & Senior Business Managers).
The Overdraft
The following rate applies to Business Customers applying for overdraft from € 200 - € 75,000 not secured by property. For details please refer to:
http://personalbanking.bankofireland.com/current-accounts/overdrafts/
The Loan
The following rate applies to Business Customers applying for loan facilities from € 200 - €75,000 not secured by property. For details please refer to:
https://businessbanking.bankofireland.com/loans/term-loan-variable-rate/
These rates are available to both new and existing business customers that are portfolio managed by Business Managers and Senior Business Manager and who are borrowing money for personal purposes.How to apply
- Please contact your local Business Banking Relationship Manager.
For further queries please email us at business.banking@boimail.com.
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CONSUMER REFERENCE RATE TABLE For Business Customers managed within Portfolios. |
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|---|---|---|
| Reference Rate Name | Rate | As at |
| Term Loan Variable Rate | 5.50% | 02/04/2012 |
| Term Loan Legacy Rate ** | 1.96%~ | 23/04/2012 |
| Prime ** | 0.98%~ | 20/03/2012 |
| 1 Month Bank Euro Rate** | 0.40%~ | 21/05/2012 |
| 3 Month Bank Euro Rate** | 0.70%~ | 21/05/2012 |
**These rates are not available for new facilities.
~ Plus agreed margin.