Generate a Director's Loan Agreement for Ireland
€49 - Ready in under 5 minutes
19 document types
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Built for Irish law
Updated 2026
Revenue Scrutiny Warning
Revenue actively scrutinises undocumented director loans. Without a written agreement, a loan from a company to a director can be treated as salary (triggering PAYE, PRSI, and USC) or as a distribution. Interest-free or below-market-rate loans also trigger benefit-in-kind tax under Section 122 TCA 1997. This agreement creates the paper trail Revenue expects.
What's Included
Section 239 Companies Act 2014 compliant - meets the statutory requirements for loans to directors, including shareholder approval where the loan exceeds 10% of net assets
Benefit-in-kind implications noted - if the loan is interest-free or below market rate, the BIK liability under Section 122 TCA 1997 is flagged in the document
Board approval resolution template - a ready-to-sign board resolution authorising the loan, meeting Companies Act 2014 requirements
Financial statement disclosure guidance - notes on the mandatory disclosure of director loans in the company's annual accounts
Repayment schedule - clear repayment terms - lump sum, monthly instalments, or on demand - with dates
Interest provisions - market rate or specified rate, with a note on BIK consequences if below the Revenue specified rate
What happens if the director leaves - repayment obligations on resignation, removal, or retirement from the company
What We'll Ask You
Our guided questionnaire takes about 3-5 minutes.
1
Company Details
2
Director Details
3
Loan Terms
4
Repayment
5
Board Approval
Why Trust This Document
Section 239/240 Companies Act 2014 compliant with shareholder approval guidance
Revenue BIK rules under Section 122 TCA 1997 addressed and flagged
Board resolution template included, ready for signature
Financial statement disclosure requirements clearly noted for your accountant
Frequently Asked Questions
Yes. The Companies Act 2014 requires board approval for all loans to directors. If the loan exceeds 10% of the company's net assets, shareholder approval is also required under Section 239. Our agreement includes a board resolution template.
If the company lends to a director at no interest or at a rate below the Revenue specified rate (currently 4% for home loans, 13.5% for other loans), the difference is treated as a benefit-in-kind. The director pays income tax, PRSI, and USC on the deemed benefit. Our agreement flags this and records the agreed interest rate.
Yes, and this is common in Irish SMEs. Loans from a director to the company face fewer restrictions - Section 239 does not apply in this direction. However, it is still important to document the loan for tax and accounting purposes, especially regarding interest payments (which may be deductible for the company).
Yes. All loans to or from directors must be disclosed in the company's financial statements. This is a mandatory requirement under the Companies Act 2014 and is something your auditor or accountant will check for.
Related Documents
Further Reading
€49
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Section 239 compliant
BIK implications flagged
Board resolution included
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