| Overdraft | £1,000 | £5,000 | £10,000 | £15,000 | £20,000 | £25,000 |
|---|---|---|---|---|---|---|
| Arrangement Fee | £150 | £150 | £150 | £150 | £200 | £250 |
| Representative EAR (variable) | 7.98% | 7.98% | 7.98% | 7.98% | 7.98% | 7.98% |
Note:
If you have a Relationship Manager please speak to them about your borrowing needs.
Interest on your account is calculated daily, based on your end of day balance and rate and charged to your account quarterly.
Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the annual interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement to get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR does not include other fees or charges
Loan amount = £1,000
| Term (Years) |
1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Monthly payment | £86 | £45 | £31 | £24 | £20 |
| Interest Rate % | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% |
| APR % | 6.96% |
6.96% | 6.96% | 6.96% | 6.96% |
| Total Payable (£) | £1037 | £1072 | £1108 | £1144 | £1181 |
Loan amount = £5,000
| Term (Years) |
1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Monthly payment | £432 | £223 | £154 | £119 | £98 |
| Interest Rate % | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% |
| APR % | 6.96% |
6.96% | 6.96% | 6.96% | 6.96% |
| Total Payable (£) | £5186 | £5360 | £5538 | £5720 | £5906 |
Loan amount = £10,000
| Term (Years) |
1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Monthly payment | £864 | £447 | £308 | £238 | £197 |
| Interest Rate % | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% |
| APR % | 6.96% |
6.96% | 6.96% | 6.96% | 6.96% |
| Total Payable (£) | £10,371 | £10,720 | £11,077 | £11,441 | £11,813 |
Loan amount = £15,000
| Term (Years) |
1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Monthly payment | £1,296 | £670 | £462 | £358 | £295 |
| Interest Rate % | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% |
| APR % | 6.96% |
6.96% | 6.96% | 6.96% | 6.96% |
| Total Payable (£) | £15,557 | £16,080 | £16,615 | £17,161 | £17,719 |
Loan amount = £20,000
| Term (Years) |
1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Monthly payment | £1,729 | £893 | £615 | £477 | £394 |
| Interest Rate % | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% |
| APR % | 6.96% |
6.96% | 6.96% | 6.96% | 6.96% |
| Total Payable (£) | £20,743 | £21,441 | £22,154 | £22,882 | £23,625 |
Loan amount = £25,000
| Term (Years) |
1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Monthly payment | £2,161 | £1,117 | £769 | £596 | £492 |
| Interest Rate % | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% |
| APR % | 6.96% |
6.96% | 6.96% | 6.96% | 6.96% |
| Total Payable (£) | £25,928 | £26,801 | £27,692 | £28,602 | £29,531 |
Note:
APR = Annual Percentage Rate
All APRs quoted are representative
* An SME is defined by the EU as a business with less than 250 employees, turnover of less than £50 million and/or balance sheet less than £43 million
Contact us today
New customers
To find out more about our services or to arrange a meeting with a Sales Manager please call:
07786174422
Lines are open 9am to 5pm - Monday to Friday. Note calls may be recorded.
Fast You can make requests and receive payments on the same working day.
Intuitive The system is well designed and easy to use.
Robust Facflow can handle large volumes with ease.
Secure Your information is kept secure through encryption technology.
Thorough Extremely comprehensive with the ability to produce full reports.
If your business provides trade credit, Invoice Finance could provide the immediate funding that you need.
A good quality debtor book enables you to release cash from one of your most valuable assets to part-fund an acquisition or to finance ongoing working capital needs.
An Invoice Finance Facility is not just for businesses experiencing cash flow pressures. If you are looking to expand either organically or through acquistion it can help too.
Invoice Finance may facilitate a deal that would otherwise prove impossible, without diluting ownership of your business.
Important Information
Subject to financial status and conditions. Applicants must be over 18 years of age and residents 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.
If you meet all of the criteria detailed below, you are able 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 relates to a lending application declined within the previous 30 days
Your annual group turnover is less than £25m.
We have introduced some brand new features to make Online Banking even better, thanks to feedback from you.
We hope that you like the changes.
| Lending | Rate % |
|---|---|
| Ulster Bank base rate (Effective from 19th March 2020) | 0.10% |
Please note that, for the purposes of interest rate calculation, where Ulster Bank base rate is below zero, it will be deemed to be zero.
When importing and exporting a Documentary Letter of Credit (LC) is one of the most secure methods of settlement. They are irrevocable and cannot be cancelled unless all parties agree
Import Letter of Credit:
Export Letter of Credit
Does your business need to make and receive overseas payments through the international banking system? Collections could be the answer. They provide a universally recognised method for settling overseas trade debt. Collections could improve your cashflow, add security and are cost-efficient and easy to use.
Import collections
Export collections
Give your trading partners and customers confidence. Bonds, guarantees and Standby Letters of Credit give buyers the security of a financial guarantee in the event of the seller's failure to meet its contractual obligation. If the seller fails to deliver the goods or services as described in the contract with the buyer, the latter can 'call' the Bond, Guarantee or Standby Letter of Credit to receive financial compensation from the bank.
Types of Guarantees:
