Unlock your business potential with our Asset Finance packages

Does your business need to buy or upgrade equipment, or vehicles including commercials and cars, or expand its current operation? AIB (NI) has a range of Asset Finance solutions that can help you purchase assets in a cost-effective and tax-efficient way with repayments that work for you.

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Asset Finance features

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    Features and benefits

    • Our Asset Finance packages give you flexibility in a range of assets that you can acquire to allow your business to expand and develop.
    • Flexible borrowing – choose a repayment term that suits you best, from two to five years (four years for motor cars and light commercial vehicles). Payments are fixed and can be tailored to suit your cashflow requirements.
    • Cost-effective – no substantial outlay is needed to buy equipment, so your business working capital can be used elsewhere.
    • Competitive – we offer competitive terms and there are no hidden charges.
    • Tax efficient – purchase repayment interest charges may be off-set against taxable profits and VAT may be reclaimable by certain VAT registered businesses. This information is based upon current HMRC regulations and may be subject to change. 
    • Purchasing - pre-sanctioned facilities allow you to negotiate the best deal on new or used vehicles or machinery

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    How it works

    There are two finance options available.


    Hire Purchase


    • Offers your business a straightforward finance deal. Simply make your fixed rate repayments every month.
    • The item is treated as an asset on your business's balance sheet.
    • With a hire purchase agreement, interest on payments may be off-set against taxable profits and capital allowances may be claimed. Your repayments are not subject to VAT which may be reclaimable by certain VAT registered businesses. 
    • At the end of the agreed term you will own your asset if all repayments have been made.





    • In essence, a lease is a medium term hire agreement where you pay a periodic rental, usually monthly, for the use of an asset for a nominated period. At the end of this period you can terminate the lease by informing us who to sell the asset to, or you can extend the lease by paying a small annual rental for as long as the asset is required. At the end of the agreement the asset is sold to a third-party and you benefit from the major proportion of the sale proceeds.
    • A vehicle may be classified as an "off balance sheet" item that can improve your business's gearing ratio, for operating lease (contract hire) only.
    • With a leasing agreement - rentals may qualify for tax-deductions and VAT may be reclaimed by VAT registered businesses.
    • At the end of the agreement you do not own the asset.

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    Assets you can finance with Hire Purchase - new and used

    • Cars and commercial vehicles
    • HGVs and trailers
    • Buses and coaches
    • Plant and machinery
    • Construction equipment
    • Waste management equipment

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Talk to us 

Simply call 0345 6005 925 or visit your nearest branch. We’ll be happy to answer any questions you might have about applying for Asset Finance.


 Lines open: 9am to 5pm Monday - Friday (except on bank holidays). Calls may be recorded. Call charges may vary - refer to your service provider.

Important information

Loans are subject to eligibility criteria and may be subject to an arrangement fee. Terms and conditions are available on request. Applicants must be 18 years or over. As a responsible lender AIB (NI) will only lend money based on our assessment of your ability to repay. Written quotations available on request.



Help and guidance


Cashflow planner tool

A financial and budgetary tool to help manage your business cashflow.




Price list for business customers

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