Insurance Premium Finance

We at Bank of Ireland, understand the pressure that spiralling insurance costs are having right across Irish businesses today. Insurance Premium Finance is a loan product from Bank of Ireland which allows your business to spread the cost of large annual insurance premiums. This eases the strain of paying such large annual insurance costs and facilitating your business to keep a healthy cash flow. Bank of Ireland pays the insurance premium to your Insurance Company/Insurance Broker and your business then repays the insurance finance loan in convenient monthly repayments.

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Schedule of Fees and Charges
Audit Certificates €12.70
Copy Lease Rental Invoice €12.70
Data Protection Act Query €0
Documentation/ Administration Fee (+VAT if applicable) €63.49
Purchase Instalment (Hire Purchase) €63.49
Transfer of Lease (+VAT if applicable) €126.97
Negotiation Fee1 1% of Amount Advanced
Commitment Fee1 0.5% of Amount Advanced
All the above charges are approved by the Central Bank of Ireland under the Consumer Credit Act of 1995

Late Payment

The Customer shall pay additional interest at the rate of 0.75 percent per month (9% per annum) on all overdue payments from the due date until payment thereof and the rights of the company hereunder shall not in any way be affected by any time or other indulgence that the company may see fit to grant to the Customer.

1 Applied to large corporate advances and subject to negotiation.

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