Increasing Your Overdraft - Accounts & Services - Business Banking | Ulster Bank

Increasing your Business Overdraft

Increase your existing Business Overdraft in 2 simple steps

Step 1: The need-to-knows

 

 Available for your short-term cashflow needs

 Tailor the term to suit your needs - available for up to 12 months 

 Pay interest on the amount you use - Interest rate is variable and linked to *Cost of Funds 

 Arrangment fee of 1% of the Overdraft limit applies 

 Security may be required

*Cost of Funds
Lending Rate %
AA1 Overdraft / Loan (Effective from 20th May 2009) 8.45%
Cost of Funds (Effective from 15th of June 2017) 0.59%

Step 2 - Apply online

 
  • Apply online in just 20 minutes - dont forget to have your annual accounts or projections to hand!
  • Provide an email address in your application and get updates every step of the way
  • We'll do our very best to give you a decision within 5 working days
Apply for an Overdraft increase

Important Information

Credit facilities are subject to status and conditions. Security may be required. Applicants must be over 18 years of age. Formalities include the use of Credit Reference Agencies who will note that an enquiry has been made about you. If you borrow and do not repay in full, within the agreed terms, Credit Reference Agencies may be advised and will note the outstanding debt. This may affect any future applications for credit facilities through the Ulster Bank Group of Companies or other lenders.

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General enquiries

1850 211 690 (Republic of Ireland)

0345 366 5592 (UK)

Or if calling from abroad 0044 2890 538459

Lines are open 8.30am - 5pm  Monday to Friday - Note calls may be recorded

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