Oireachtas Joint and Select Committees

Thursday, 13 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Ulster Bank

10:15 am

Mr. Jim Brown:

We market that product to the market. The interest rates that we charge on our standard variable loans range from 3.7% to 4.5%, and that reflects the risk we are taking on in those particular lines. Customers that generally have a higher income or a lower loan-to-value ratio receive a lower rate than those with lower affordability and a higher loan-to-value ratio.

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