1 This rate is only applicable to loan facilities that transferred from Ulster Bank Ireland DAC to permanent tsb. The Cost of Funds rate calculation is based on the methodology and definition as transferred from Ulster Bank Ireland DAC. This rate is not available for new loan facilities.
By its nature, the Cost of Funds interest rate can fluctuate over time and varies from institution to institution and as such, you may notice an increase or decrease in permanent tsb’s Cost of Funds when compared with your previous Cost of Funds interest rate at Ulster Bank. We will inform you of any changes in interest rate via your statement and we will also publish permanent tsb’s Cost of Funds interest rate on this page.
As your Cost of Funds rate is a variable rate but your repayment instruction may specify a fixed amount, it is important that you closely and regularly monitor your Cost of Funds rate in conjunction with your fixed repayment amount and review and adjust your repayment if required. This will reduce your risk of further repayments being required on your account (a ‘residual balance’ or ‘shortfall’) upon expiry of your original Loan term.
Should you wish to amend your repayments to reduce the risk of shortfall on expiry of your Loan term, please contact our dedicated Business Banking team on 0818 200 100 or +353 1 215 1363, open 9am to 5pm, Monday to Friday (excluding Public Holidays).
If you wish to review historic rate information, which occurred prior to the Transfer Date please visit the Ulster Bank website for more information.
Warning: The cost of your monthly repayments may increase.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
