Fixed Rate Loan

Next Steps:

Call into a branch

Related Information:

Fluctuations in interest rates affect all of us. From a business perspective, movements in interest rates can have a significant impact on company performance. This is true whether the business is cash rich (i.e. a depositer) or relies on bank funding (i.e. a borrower). In both situations, finance managers can manage the interest rate risk to safeguard the company from an adverse move in rates.

How the Fixed Rate Loan works:

An interest rate is agreed today for a loan that will be repaid over a fixed period of time.
Periods typically range from one week to twenty five years.
Most widely used hedging instrument by N.I. business.

Eligibility

First Trust Bank clients can discuss a fixed rate loan with their Branch. Non First Trust Bank clients should contact their closest Branch. Fixed rate loans can be booked for borrowings of £50,000.00 upwards.

For Borrowers, management of an interest rate risk can:

Create certainty of debt repayments.
Ensure accurate forecasting and budgeting.
Safeguard profitability (or competitiveness).
Eliminate uncertainty from long term projects.
Protect against rising interest rates.

Local businesses should consider formulating a strategy to manage interest rate risks. At First Trust Bank we offer a comprehensive suite of interest rate risk services and professional guidance that help companies improve their own risk management practices.

For further information on Interest Rate products for borrowers and depositers please refer to the Related Information section.

Legal Notice

Terms and Conditions apply and are available on request.

First Trust Bank is a trademark of AIB Group (UK) p.l.c. (a wholly owned subsidiary of Allied Irish Banks, p.l.c.), incorporated in Northern Ireland. Registered Office, 4 Queen's Square, Belfast, BT1 3DJ. Registered Number, NI 18800. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. First Trust Bank is covered by the Financial Services Compensation Scheme, established under the Financial Services and Markets Act 2000.

First Trust Bank subscribes to the Lending Code and is covered by the Financial Ombudsman Service. Details of the Lending Code are available on request from any First Trust Bank branch or from the Lending Standards Board.

IMPORTANT: Before entering this site please take time to read our Site Legal Notice and Privacy Statement. By proceeding further you are deemed to have read and accepted our Site Legal Notice and Privacy Statement.

The information regarding the products and services contained on the following pages is intended only for the residents of Northern Ireland. If you are not a resident of Northern Ireland it may be unlawful for you to receive this information.