Business Overdraft

Plan with confidence – A business overdraft allows your current account to go into an overdrawn position, up to a pre agreed limit. Supporting your business by providing you with security, flexibility and control over your cashflow needs.

Flexible low cost finance – Only pay interest on the amount you use with no fixed repayments and an interest rate of 7.85% variable*

*The total cost of credit for a business overdraft of €25,000 is €2,034.60

Apply Online via
Internet Banking

Call 0818 724 020
Register for Internet Banking

Request a Call Back

Ways to Apply

ONLINE
Ways to Apply

You can now apply, sign and get your funds online for business loans and overdrafts from €2,000 to €60,000.

Step 1

Login to Internet Banking, click Borrow Business and answer a few simple questions about your business needs.

Internet Banking login

Step 2

Select the best solution for your business by using our suitability checker. If that’s a loan or overdraft, continue with your online application for a quick decision.

Step 3

Once we approve your application, you can accept the terms and conditions by electronic signature and have the money within your account within minutes.
This is available to AIB sole trader, partnership businesses and farming customers operating for at least 18 months and registered for Internet Banking.

If another lending product is more suitable for your banking needs you can talk to us over the phone or in branch.
BY PHONE
Business Advisor Team

If applying online isn’t for you, speak to an experienced Business Advisor by calling us on 1890 47 88 33 who will talk you through your application.

We have extended hours Monday - Friday 8am - 9pm, Saturday 9am -6pm and there’s no need to complete an application form.

Call our Business Advisor Team if you’re:

Applying for a loan or overdraft greater than €60,000

In business longer than 12 months, alternatively you can contact your local branch

Not registered for Internet Banking

For other Business Lending options
IN BRANCH

AIB customers can get approval within 48 hours** – subject to credit assessment – on new business loans and overdrafts up to €60,000.

4 out of 5 SME customers who processed an application online got an instant decision***

**We aim to provide a decision within 48 hours, for a minimum of 85% of applications from AIB customers on business loans and overdrafts, upon receipt of all required information. 48 hours excludes Saturdays, Sundays and Bank Holidays. If you have previously been through a restructure, please talk to us in more detail so we can advise the best solution for you.

***In 2018, 79% of loan and overdraft applications processed online received an instant decision.

Tools

Cashflow Planner for Farmers

A comprehensive and structured framework for managing your cashflow

Small Business Cashflow Planner

A comprehensive and structured framework for managing your cashflow

Helping you prepare your Business Credit application

Check our practical guide to see what you need to apply for finance.

Format: PDF File size: 2.3M

Terms and Conditions governing Business Lending Format: PDF File size: 663.3K

Important/Regulatory Notice

Warning: The cost of your repayments may increase

Warning: You may have to pay charges if you repay early, in full or in part, a fixed rate credit facility.

However AIB will not apply charges if you repay this €0 to €60k SME Fixed Loan early.

Terms and Conditions

Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required.