It is a familiar feeling for business owners all over the country – the annual tax bill is due and you may not have enough working capital set aside to pay it.
Not only that but you may also have bills for professional fees and personal indemnity insurance to pay. Plus you may want to contribute to a pension.
Our popular loan enables you to spread the cost of your tax bill and other expenses over a term of up to 11 months with more manageable monthly payments.
Our team is here to help you
We have a team of experienced specialists who are ready to deal with any borrowing requirement you may have.
Avoid Revenue penalties and interest for late payment
When you pay off your tax bill in one lump sum, you don’t have to worry about penalties and interest from the Revenue. Click here for more information.
Pay the loan off faster with no extra cost
In addition, our tax loan has a competitive interest rate and no early repayment penalties. This means you can choose to pay off the loan as quickly as you want without paying any additional costs.
How to Apply
It’s never been easier to apply for a Bank of Ireland tax loan.
Call our team
Existing and new customers can call us on 0818 210 614 Mon-Fri, 9am – 5pm.
Repayment and Cost of Credit examples
| Loan Amount | Variable Rate | Term in Months | Monthly Repayments | Cost of Credit | |
| 1 | €5,000 | 6.59% | 11 | €469.58 | €165.38 |
| 2 | €10,000 | 6.59% | 11 | €939.15 | €330.65 |
| 3 | €15,000 | 6.59% | 11 | €1,408.73 | €496.03 |
| 4 | €20,000 | 6.59% | 11 | €1,878.31 | €661.41 |
Click here to see our Reference Rates table.
Variable rates are correct as of 16 December 2024 and are subject to change