Law Society Finance Scheme 2023/20241

The Law Society has extended its partnership with Bank of Ireland to offer an exclusive discounted variable rate for members and firms who wish to finance payment for Practising Certificates, Professional Indemnity Insurance and Tax Loans.

Bank of Ireland can provide short term finance to solicitors and firms over a period of up to 11 months. Apply in just 15 minutes. Approval within 48 hours2.

Repayments vary depending on the amount borrowed, for example:

Loan AmountVariable interest rate (unsecured)3Term in MonthsMonthly RepaymentsCost of Credit
€5,0006.32%11€468.96€158.56
€10,0006.32%11€937.92€317.12
€15,0006.32%11€1,406.88€475.68
€20,0006.32%11€1,875.83€634.13

Representative example

A Law Society Finance Loan of €20,000 at an unsecured rate of 6.32% over an 11 month term will require 11 monthly repayments of €1,875.83. The total cost of credit is €634.13. The total amount repayable is €20,634.13. This discount would represent a saving of €73.59 over an 11 month period when compared with the non discounted rate.

Bank of Ireland has a team of experienced business advisors who are familiar with lending to solicitors. Our local business team welcome the opportunity to speak to you about your financial needs.

To apply for a loan today, simply apply online for loans <=€120,000 here or >€120,000 up to €500,000 here or phone 0818 210 614 (select option 3) Mon-Fri 9am – 5pm.

For any queries in relation to the Law Society Finance Scheme please email businesslending@boi.com or you can contact the Law Society of Ireland at financescheme@lawsociety.ie4.

Level of security required and rate applicable will be determined by the amount, purpose and term of the facility, in conjunction with the nature and value of the security being offered. Lending criteria, terms and conditions apply. Over 18’s only. Maximum credit of €500,000 available for online applications and over the phone. For amounts greater than €500,000, contact your Relationship Manager or local branch.

Warning: The cost of your repayments may increase

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.

1 This partnership will end on 1st March 2024.
2 Provided we are in receipt of all relevant information and documentation. Applications for non-Bank of Ireland customers and applications referred to underwriting may take longer. Excludes weekends and bank holidays.
3 Discounted unsecured variable rate quoted as at 25/09/2023 and is subject to change.
4 Bank of Ireland is not for responsible for information provided on third party websites.