Simply tell us:
How much you would like to borrow and over what term
The purpose of the overdraft
Details about you and your business
To apply online you must be trading as a sole trader, partnership or limited company in Northern Ireland. Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only.
Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.
You can tailor the term to suit your needs - Up to 12 months.
Pay interest on the amount you use
Interest rate is variable and linked to either *Base rate or three month LIBOR rate
Security may be required
1% Arrangement fee applies (subject to £150min) (pro rata for temporary facilities).
All lending is subject to financial status and conditions and is for business purposes only.
You must be over 18 years of age
You must be resident in the United Kingdom
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. All Ulster Bank credit facilities are subject to Lending criteria, Terms and Conditions.
As part of our commitment to you we provide a transparent and open appeals process. If you disagree with our decision and your application has been declined you can request a review via our online appeal application.
If you meet all of the criteria detailed you are entitled to make an appeal
You have applied to Ulster Bank for lending
Your lending request has not been declined due to bankruptcy
You have submitted a formal lending application
Your appeal related to a lending application declined within the previous 30 days
Your annual group turnover is less than £25m
There are a number of factors that will be taken into account when deciding the price of an overdraft, this will be agreed with you when your overdraft is approved.
To have a Business Overdraft facility you must operate a Business Current Account. If your Business doesn't bank with us at present complete an online lending application and get a decision on your finance upfront.
You will receive an email notification when a decision has been made, this is usually within 3 working days.