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Repayment holiday for your existing business loan
If you're an existing Ulster Bank business customer and your business has been impacted by coronavirus, you could be eligible for a repayment holiday on your existing business loan
Repayment holidays are available for up to 6 months
Interest may accrue during any repayment holiday, meaning it may take longer to repay the loan and may cost more in the long run.
How does a loan repayment holiday work?
Depending on the type of loan you have, you may be eligible for a capital repayment, or both capital and interest repayment holiday.
Repayment holiday for up to six months
You may be eligible for a repayment holiday of up to six months.
Repayments amounts
Repayment options may vary depending on your loan type and agreed through the application process.
Common questions about loan repayment holidays
What does a repayment holiday mean?
Depending on the type of loan you have, you may be eligible for a capital and interest repayment holiday, or a capital repayment holiday only.
This could be for up to six months.
It's important to remember, interest may accrue during any repayment holiday, meaning it may take longer to repay the loan and may cost more in the long run.
Who is eligible to apply?
You must be an existing Ulster Bank business customer with an existing business loan to apply.
Personal customers can visit the Personal Banking Coronavirus Hub for more information about the options available.
Does a repayment holiday affect my credit rating?
No, taking a repayment holiday will not affect your credit rating.
Can I request repayment holiday for more than 6 months?
The maximum repayment holiday term is 6 months.
Is there alternative support for my business?
Visit our Coronavirus Hub for more information about alternative options available to businesses who have been affected by Coronavirus.
Ready to apply?
Before you start, please remember:
Coronavirus support for your business
We understand these are difficult times, and if you're in need of a helping hand we're here to support you.
Find guidance and support on our coronavirus hub.
