Overdraft Eligibility Tool

This field is for validation purposes and should be left unchanged.

Rate Parameter

Clear / Other % Rate

mortgage stress rate %

Affordability threshold (%)

Affordability threshold (£)

Regional multiplier (NI)

Regional multiplier (GB)

Check how likely you are to be approved for an overdraft

We only need a few details
It does not affect your score or ability to get credit
You will get a result straight away

What is your account type?(Required)

Enter the type of account you are applying for or already have with Bank of Ireland UK. If you are not sure what account you hold please check your statement

About you

Do you have a joint account?(Required)

Yes

Please tell us if you have a joint account.

First Name(Required)

Enter all the first names that you have

Last Name(Required)

Joint account

First Name - Applicant 2(Required)

Enter all the first names that you have

Last Name - Applicant 2(Required)

Please confirm the following

Are you 18 years of age or over?(Required)

Yes

You need to be over 18 years of age to apply for an overdraft.

In the last 6 years, has any applicant declared bankruptcy, registered an Individual Voluntary Arrangement (IVA) or had a County Court Judgment (CCJ) registered against them?(Required)

Yes

Do all applicants have their lending payments (loans, mortgage, credit cards, car finance) up to date?(Required)

Yes

The maximum overdraft available for this account is:

What is the amount of arranged overdraft you would like?(Required)

Please enter an overdraft amount of £50 or more.

You have entered an invalid amount, it must be a multiple of £50 and cannot exceed the maximum overdraft amount available for this account.

This must be at least £50, a 'multiple' of £50 and include any arranged overdraft that you already have.

You should know that these results are indicative only and depend on what you tell us.
They do not guarantee that we will offer you an arranged overdraft of the amount selected.
We will complete a full assessment, including a credit check, once you apply.
By using this overdraft tool your credit file won’t be adversely affected

Please read the Bank of Ireland UK plc Privacy Notice to understand how we will use your personal information.

About you

What is your residential status?(Required)

Homeowner with mortgage

Homeowner without mortgage

Tenant

Living with parents

Where do you live?(Required)

You need to live in the UK to apply for an overdraft.

Your education

Faculty(Required)

Enter the faculty you are studing.

How long was your undergraduate course?(Required)

Tell us how long you have studied for your undergraduate course

Which year of the course are you in (Other)?(Required)

Tell us your current year of study at your undergraduate course.

Which year of the course are you in?(Required)

Tell us your current year of study at your undergraduate course.

The maximum overdraft available for this account is:

What is the amount of arranged overdraft you would like?(Required)

Please enter an overdraft amount of £50 or more.

You have entered an invalid amount, it must be a multiple of £50 and cannot exceed the maximum overdraft amount available for this account.

This must be at least £50, a 'multiple' of £50 and include any arranged overdraft that you already have.

Please confirm course details

You should know that these results are indicative only and depend on what you tell us.
They do not guarantee that we will offer you an arranged overdraft of the amount selected.
We will complete a full assessment, including a credit check, once you apply.
By using this overdraft tool your credit file won’t be adversely affected

Please read the Bank of Ireland UK plc Privacy Notice to understand how we will use your personal information.

Your finances

How often are the main income payments made into the account?(Required)

The frequency of the main payment you will be making into the account (for example your wages).

How much are you paid every week after tax?(Required)

The total amount of income from all sources that you receive weekly (after tax and NI deductions).

How much are you paid every fortnight after tax?(Required)

The total amount of income from all sources that you receive fortnightly (after tax and NI deductions).

How much are you paid every month after tax?(Required)

You earn at least £100 to be able to apply for an overdraft.

How much will go into the Bank of Ireland UK account?(Required)

Do you have a joint mortgage?(Required)

Yes

Tell us if you have a mortgage with someone else.

How much are your monthly mortgage repayments?(Required)

Your monthly mortgage payment amount. If you have a joint mortgage, please enter the full payment amount even if it is not paid from your account.

What is the total amount you pay each month for loans, hire purchase etc (excluding mortgage)?(Required)

Tell us the total you pay each month towards loans, car finance deals etc.

What is the total amount you owe in credit cards or store cards?(Required)

Tell us the total of your lending including credit cards or store cards that you may have.

The maximum overdraft available for this account is:

What is the amount of arranged overdraft you would like?(Required)

Please enter a number greater than or equal to 50.

max validation clear

({Max overdraft:77}-{What is the amount of arranged overdraft you would like?:15})+({Max overdraft (Grad & Student):101}-{What is the amount of arranged overdraft you would like? (Grad & Student):97})+({Max overdraft (Elective, intercalated, ipls, gms):108}-{What is the amount of arranged overdraft you would like? (Elective, intercalated, ipls, gms):102})

You have entered an invalid amount, it must be a multiple of £50 and cannot exceed the maximum overdraft amount available for this account.

This must be at least £50, a 'multiple' of £50 and include any arranged overdraft that you already have.

You must select an overdraft amount of £50 or more!

You should know that these results are indicative only and depend on what you tell us.
They do not guarantee that we will offer you an arranged overdraft of the amount selected.
We will complete a full assessment, including a credit check, once you apply.
By using this overdraft tool your credit file won’t be adversely affected

Please read the Bank of Ireland UK plc Privacy Notice to understand how we will use your personal information.

Calculation fields

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21: Total Monthly Income

{Monthly amount:74}+{Monthly amount:75}+{How much are you paid every month after tax?:19}

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288: Calc - Regional multiplier result

{Regional multiplier (NI):286}+{Regional multiplier (GB):287}

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45: Monthly mortgage amount

({How much are your monthly mortgage repayments?:23}/{Do you have a joint mortgage?:138})

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mortgage amount (with stress rate)

{Monthly mortgage amount:45}+({Monthly mortgage amount:45}*{mortgage stress rate:261})

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non-revolving balance (loan payments)

{What is the total amount you pay each month for loans, hire purchase etc (excluding mortgage)?:24}

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revolving balance (card balances)

{What is the total amount you owe in credit cards or store cards?:258} * 0.03

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40: total unsecured debt result

{non-revolving balance (loan payments):256}+{revolving balance (card balances):260}

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202: Monthly Interest

({What is the amount of arranged overdraft you would like? (clear & other):15}*({Clear / Other % Rate:141}/12))/(1 - (1 + ({Clear / Other % Rate:141}/12))**(-36))

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Show if Net Monthly Income * 5% is lower

{Total Monthly Income:21}*0.05

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Show if Affordability threshold (£) calc is lower

{Affordability threshold (£):264}

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270: Affordability threshold Result

{Show if Net Monthly Income * 5% is lower:292}+{Show if Affordability threshold (£) calc is lower:293}

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Net Free Income

{:21}-{:262}-{:281}-{:291}-{:40}-{:270}-{:202}

NMI band 1

less than or equal to £1006.42

NMI band 1 - intercept

NMI band 2 - slope

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Calc - GAI Result

({Total Monthly Income:21}-{NMI band 1 - intercept:275})/{NMI band 1 - slope:276}

NMI band 2

greater than £1006.42 and less than £1044

NMI band 2 - intercept

NMI band 2 - slope

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Calc - GAI Result

({Total Monthly Income:21}-{NMI band 2 - intercept:301})/{NMI band 2 - slope:303}

NMI band 3

greater than £1043.99 and less than £3174.98

NMI band 3 - intercept

NMI band 3 - slope

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Calc - GAI Result

({Total Monthly Income:21}-{NMI band 3 - intercept:311})/{NMI band 3 - slope:310}

NMI band 4

greater than £3174.97 and less than £3303.97

NMI band 4 - slope

NMI band 4 - intercept

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Calc - GAI Result

({Total Monthly Income:21}-{NMI band 4 - intercept:313})/{NMI band 4 - slope:312}

NMI band 5

greater than £3303.96 and less than £5702.49

NMI band 5 - slope

NMI band 5 - intercept

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Calc - GAI Result

({Total Monthly Income:21}-{NMI band 5 - intercept:275})/{NMI band 5 - slope:276}

NMI band 6

greater than £5702.48 and less than £6496.17

NMI band 6 - slope

NMI band 6 - intercept

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Calc - GAI Result

({Total Monthly Income:21}-{NMI band 6 - intercept:318})/{NMI band 6 - slope:319}

NMI band 7

greater than £6496.16

NMI band 7 - slope

NMI band 7 - intercept

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Calc - GAI Result

({Total Monthly Income:21}-{NMI band 7 - intercept:321})/{NMI band 7 - slope:322}

GAI Result Total

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337: Calc - GAI Result Total

{Calc - GAI Result:277}+{Calc - GAI Result:304}+{Calc - GAI Result:323}+{Calc - GAI Result:324}+{Calc - GAI Result:325}+{Calc - GAI Result:326}+{Calc - GAI Result:327}

Cost of living

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Calc - Cost of living (NI)

(6688.3067+({Calc - GAI Result Total:337})*0.0252)/12

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Calc - Cost of living (GB)

(7260.5518+({Calc - GAI Result Total:337})*0.02561)/12

Mortgage / Rent commitments

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283: Calc - Homeowner (with / without mortgage)

{Monthly mortgage amount:45}+({Monthly mortgage amount:45}*{mortgage stress rate %:261})

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284: Calc - Tenant

(({Calc - GAI Result Total:337}*0.113)+1476.3)/12*{Calc - Regional multiplier:288}

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290: Calc - Living with parents

(({Calc - GAI Result Total:337}*0.054)+116.45)/12

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nfi export value

{:21}-{:262}-{:281}-({:283}+{:284}+{:290})-{:40}-{:270}-{:202}

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nfi excluding nmp export value

{:21}-{:262}-{:281}-({:283}+{:284}+{:290})-{:40}-{:270}

Overdraft Eligibility Calculator V2.1

Rate Parameter

About you

Joint account

Please confirm the following

Results (Elective, intercalated, ipls, gms)

Privacy notice

Parameters

About you

Your education

Results (Grad & Student)

Your finances

Results (Clear & Other)

Calculation fields

NMI band 1

NMI band 2

NMI band 3

NMI band 4

NMI band 5

NMI band 6

NMI band 7

GAI Result Total

Cost of living

Mortgage / Rent commitments