products & services

Business Customer Lending Products

Commercial Loans

A commercial loan is for a specific business purpose and is primarily for medium to long term borrowing requirements.

  • Interest rates are based on the prevailing Money Market Rates (EURIBOR or LIBOR). Where a variable rate applies, lump sum payments and out of course payments can be made at any time without incurring an early repayment cost;
  • A fixed rate will give your business protection from interest rate fluctuations and allow you to forecast your repayments and cash flow more accurately;
  • Full repayment or additional lump sum payments during the fixed rate period will normally incur an early repayment charge. The method of calculation of this charge is set out in the applicable terms and conditions;
  • The flexibility to reduce your borrowing at any time during the term of the loan is available subject to terms and conditions;
  • Negotiable Handling Charges may be applied. (See Guide to Fees and Standard Charges for more details);
  • Security may be required for commercial loans;
  • Where you do not meet repayments on your Commercial Loan you could lose any security provided to ACC Loan Management;
  • In certain instances in addition to paying for your own Solicitor, you will have to pay for the ACC Loan Management’s Solicitor to investigate title to the property, if any, being taken as security;
  • Repayments are usually on a monthly basis by direct debit;
  • Statements on account are issued annually or at an agreed frequency;
  • Where you are late in making repayments on your loan, surcharge interest will accrue. (Please click here to see our Guide to Fees and Standard Charges for more details);
  • ACC Loan Management Commercial Loans are subject to terms and conditions specific to each Borrower and to general commercial credit terms and conditions;
  • A Bond or guarantee is a financial guarantee provided by ACC Loan Management to a third party on a customer’s behalf, usually in conjunction with a loan;
  • A negotiable fee may be charged. (Please click here to see our Guide to Fees and Standard Charges for more details);
  • Security may be required;
  • In certain instances in addition to paying for your own Solicitor, you will have to pay for ACC Loan Management’s Solicitor to investigate title to the property, if any, being taken as security;
  • Where the bond or guarantee is called in by the Third Party, you will be called upon to pay and if you do not make the required repayment on your Bonds/Guarantees you could lose any security provided to ACC Loan Management;
  • ACC Loan Management Bonds/Guarantees are subject to terms and conditions specific to each customer and to general terms and conditions applicable to the types of products.

You can check our Lending Interest Rates here.