Allied Irish Bank Loans and Funding User Reviews
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Allied Irish Bank is an Irish bank that is the fourth largest in Ireland and has headquarters in Dublin. They have branches across the world and have offices in London. Allied Irish Bank offers a variety of personal and business banking and finance products. Their business products include current accounts, savings, credit cards, merchant services, loans and asset finance.
Allied Irish Bank Loans and Funding Options
Allied Irish Bank offers a variety of business finance products that are tailored to meet a range of business finance needs. These products include:
Allied Irish Bank offers flexible and competitive business loans that can be used to fund growth, replace other credit facilities and increase working capital. Loans up to £25,000 have a representative APR of 8.1% and loans over this amount are tailored. Arrangement fees and an early redemption fee may apply.
Allied Irish Bank offers overdrafts to business current account customers that is versatile and easy to use. They offer tailor-made terms and cost-effective lending with rates of 6.24% EAR (variable) representative on overdrafts up to £25,000.
Allied Irish Bank offers asset finance packages that allow you to buy or upgrade equipment, plant and machinery or vehicles such as commercial vehicles, HGVs, trailers, buses, coaches and cars in a cost-effective and tax-efficient way. Borrow from £25,000 which can be typically spread over 3 to 5 years on a choice of a fixed or variable rate of interest.
Allied Irish Bank Loans and Funding Eligibility
To apply for a business loan or overdraft your business must be incorporated and registered in the UK.
Allied Irish Bank Loans and Funding Rates
- Business loans up to £25,000 have an 8.1% APR representative rate plus arrangement fees.
- Business overdrafts up to £25,000 have a 6.24% EAR (variable) representative rate and an arrangement of normally 1.5% (minimum £500) applies.
- No rates or charges are available for asset finance
Allied Irish Bank Loans and Funding Calculator
Allied Irish Bank doesn’t have any funding calculators.
Allied Irish Bank Loans and Funding Reviews
The reviews for Allied Irish Bank are poor with low ratings on two of the review sites and mixed reviews on the other. The reviews cover all of their products for both personal and businesses so may not be reflective of the service on these products.
Trustpilot has the largest number of reviews and 84% of reviewers rate them as bad. The reviewers’ comments include poor customer service due to long waiting times, difficulties contacting them and issues with the app. Positive comments include good customer account management experience and customer service.
Review Centre only has 4 reviews which are fairly low rated and has some mixed reviews with some positive experiences and some negative regarding their customer experiences using their bank account and internet banking.
Smart Money People reviews are overall more positive with reviews mentioning business products and being supportive.
How To Apply For Allied Irish Bank Loans and Funding?
If you want to apply for a business finance product from Allied Irish Bank you can call them on 0345 600 5204 or visit a branch.
- Established high street bank
- Provides a range of business products
- Only offers a limited range of finance products
- Limited branches in the UK after closing most branches down in 2021
- Poorly rated on customer reviews
Website: Allied Irish Bank Business Finance