Tax Loans

Accessible funding to help pay your tax bill

Apply in minutes¹

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.

Features & Benefits
Key features and benefits of a tax loan
- Take control of your cash flow
- Set monthly payments
- Maximum term 11 months
- Quick and simple to arrange online or over the phone for amounts up to €120,000²
- No administration fee.

How to Apply
Apply Online
Call our team – Existing and new customers can also call us on 0818 210 614 Mon-Fri, 8am – 8pm and Sat 10am – 2pm.
For amounts greater than €120,000, contact your Relationship Manager or local branch.

Repayment and Cost of Credit examples

	Loan Amount	Interest Rate³	Term in Months	Monthly Repayments	Total Cost of Credit
1	€5,000	6.31%	11	€468.94	€158.34
2	€10,000	6.31%	11	€937.87	€316.57
3	€15,000	6.31%	11	€1,406.81	€474.91
4	€20,000	6.31%	11	€1,875.74	€633.14

Click here to see our Reference Rates table.

Variable rates are correct as of 1st September 2021 and are subject to change

Warning: The cost of your repayments may increase

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.

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 and terms and conditions apply. Over 18’s 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.

Bank of Ireland cannot take responsibility for information on third party websites

Bank of Ireland is regulated by the Central Bank of Ireland

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 For unsecured loans up to €120,000 completed online, for sole traders, limited companies or joint borrowers with an existing Bank of Ireland account and provided we are in receipt of all relevant information and documentation.

3 Variable unsecured rate