Business loans to help you grow as times change

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Business loans at a glance

We can help with your financial requirements and support your plans to grow or diversify your business. We offer:

  • Loans from €1,000 to €120,000
  • Unsecured loan variable rate of 6.49%2
  • Secured loan variable rate of 5.49%
  • Unsecured loan terms of up to 7 years
  • No arrangement fee

Quick decisions

  • Apply online in minutes 1
  • Now easier and faster 3

All applicants will be contacted within 24 hours excluding weekends and bank holidays

You can also apply for a business loan by calling 0818 210 614.

Representative examples

A business loan of €120,000 at an unsecured rate of 6.49% over a 7 year term will require 84 monthly payments of €1,781.35. The cost of credit is €29,633.50. The total amount repayable is €149,633.50.

A business loan of €120,000 at secured rate of 5.49% over a 7 year term will require 84 monthly payments of €1,722.42. The cost of credit is €24,683.28. The total amount repayable is €144,683.28.

Level of security required and rate applicable, will be determined by the amount, purpose & term of facility, in conjunction with the nature and value of the security being offered. Lending criteria, terms and conditions apply. Over 18s only. Maximum credit of €120,000 available for online applications and over the phone. For amounts greater than €120,000 contact your Relationship Manager or local branch.
Warning: If you do not meet the repayments on your credit facility agreements, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future
Warning: The cost of your repayments may increase.
1 For business loan applications completed online the average journey time takes 15 minutes. Bank of Ireland use automated decision making to process both online and phone applications. If you don’t agree with the result, you can contact us and have those decisions reviewed by a member of our team.
2 When you take out an unsecured loan, you do not need to offer an asset as security or collateral for it. To get a secured loan, you must offer an asset, such as property, as security. If you are taking out a business loan, we may ask for a Personal Letter of Guarantee (PLG) as a form of security. When you sign a PLG, you promise to take responsibility for repaying the loan if the business cannot do so.
3 For unsecured loans up to €120,000 completed online, for sole traders, limited companies or joint borrowers with an existing Bank of Ireland business current account and provided we are in receipt of all relevant information and documentation.

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