Green Business Loan

We offer discounted finance to businesses looking to implement sustainable initiatives in order to reduce their carbon footprint and costs.

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Green business loans at a glance

Making your business more green can be an effective way of reducing operating costs while being kinder to the planet.

Our Green Business Loan offers discounted finance to businesses who want to implement a range of sustainability initiatives to improve their carbon footprint, including but not limited to, renewable energy projects, clean transportation, green buildings, or projects that improve your energy efficiency. These types of improvements not only reduce costs but also contribute to a better planet.

Grants available through the Sustainable Energy Authority of Ireland1 may also help you with the cost of making your business more energy-efficient. Further information on business supports is also available on Bank of Ireland’s Green Business Hub.

Features & Benefits

  • Loan amounts from €1,000 to €1,000,000.
  • Standard Term Loan up to 7 years

    • For amounts up to €120,000 the discounted variable interest rate is 6.20%2
    • For amounts from €120,000 to €500,000 the discounted variable interest rate is 4.75%2
    • For amounts from €500,000 to €1,000,000 the discounted variable interest rate is 4.40%2
  • Flexible repayment terms.
  • No arrangement fee.

More Information

Green Business Loan BrochureViewPrint

Loan purpose

The Purpose of each loan must align to one of the six Green eligibility criteria categories from within Bank of Ireland’s Sustainable Finance Framework which include:

  • Sustainable Food and Agriculture
  • Green Commercial Buildings
  • Sustainable Water and Wastewater Management
  • Energy Efficiency
  • Clean Transportation
  • Renewable Energy

Typical examples of how you might utilise your loan may include:

  • Recycling/waste improvement & treatment efficiencies
  • Premises energy (retro)fit efficiency improvements
  • LED lighting, refrigeration, insulation etc.
  • Reduced community emissions
  • Wind/water/solar technologies
  • Rain water harvesting.

Projects specific to Agriculture may include:

  • Sustainable farm operations (organics etc.)
  • Emission (methane) reduction programmes etc.
  • Recycling/waste improvement efficiencies
  • Premises energy (retro)fit efficiency improvements
  • Wind/water/solar technologies
  • Rain water harvesting.

Eligibility Criteria

To qualify for a Green Business Loan, borrowers must provide proof of sustainability enhancement or business retrofitting work (invoice or purchase order) which will be requested as part of the loan application. This can also be requested after the loan has been drawn down. Where it cannot be provided, the Bank reserves the right to withdraw the discounted rate.

For detailed information on the technical requirements for each category (listed above under Loan Purpose) or to check your eligibility, please click here.

Who can apply

Our Green Business Loan is aimed at enabling businesses who are seeking funding support up to €1,000,000 for green initiatives that are environmentally focused.

 

How to Apply

Apply Online Now

Amounts up to €120,000

Apply Online Now

Apply Online Now

Amounts greater than €120,000 up to €500,000

Apply Online Now

Call our team

Existing and new customers can call us on 0818 210 614 Mon-Fri, 9am – 5pm.

Call 0818 210 614

Visit your local branch

New customers can call into their local branch.

Find your local branch

For amounts over €500,000, please contact your relationship manager or local branch.


Lending to Small and Medium Enterprises
Borrowing from €120,000 to €500,000
Business Banking Reference Rates

Help & Support

Need help and support? Read our frequently asked questions to find an answer.

Visit our Help Centre

Representative examples

A Green Business Loan of €100,000 at a variable rate of 6.20% over a 7 year term will require 84 monthly repayments of €1,468.93. The total cost of credit is €23,390.12. The total amount repayable is €123,390.12. This discount would represent a saving of €1,202.88 over a 7 year period when compared with the non discounted rate.

A Green Business Loan of €200,000 at a variable rate of 4.75% over a 7 year term will require 84 monthly repayments of €2,801.60. The total cost of credit is €35,334.40. The total amount repayable is €235,334.40. This discount would represent a saving of €2,343.60 over a 7 year period when compared with the non-discounted rate.

A Green Business Loan of €600,000 at a variable rate of 4.40% over a 7 year term will require 84 monthly repayments of €8,307.75. The total cost of credit is €97,851.00. The total amount repayable is €697,851.00. This discount would represent a saving of €6,984.60 over a 7 year period when compared with the non-discounted rate.

Level of security required and the 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. Maximum credit of €500,000 available for online applications and over the phone.
Warning: If you do not meet the repayments on your credit facility agreement, 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 Bank of Ireland is not responsible for the information on third party websites.
2 The interest rates quoted include a discount of 0.30% off the margin that the Bank applies to the Small Business Agri Rate (SBAR) for loans up to a maximum of €1,000,000.