Business Overdraft | Coronavirus

Short-term Business Overdraft

For businesses impacted by Coronavirus

Whether it's a new overdraft, or an increase to your existing overdraft, with our simplified online form you could have your application submitted in minutes.  

  • Short-term overdraft facility for 6 months 
  • Interest is connected to the *Cost of Funds, see lending rates below.  It is calculated daily and charged to your account quarterly 
  • Security may be required

For an Overdraft more than €150,000 you will need to complete an application using the link below.

Apply for an overdraft greater than €150,000
Lending Rates
Lending Rate %
AA1 Overdraft / Loan (Effective from 20th May 2009) 8.45%
Cost of Funds (Effective from 19th March 2020) * 0.38%
Cost of Funds (Pre 2012 calculation and definition) (Effective from 19th March 2020) * 0.23%

* To find out what rate applies to you, view our Business Lending Interest Rate Review.

WARNING:  THE COST OF YOUR REPAYMENTS MAY INCREASE

Available to over 18s only.  Product fees may apply. Lending criteria, terms and conditions apply. Lending is for business purposes only.

 

Important Information

Credit facilities are subject to status and conditions. 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.

I confirm that I have printed or downloaded and saved a copy of the above documents and that on completing this application I will be bound by the terms contained in these documents.

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