Fixed rate loan

The power to plan ahead

A Fixed Rate Loan provides another way to obtain finance for your business, with the added security of always knowing what your payments will be. It also makes budgeting easier because you can complete your cash flow forecasting and planning without the added pressure of trying to manage interest rate fluctuations.

For loan requirements above £25,000, please refer to our Variable Rate Loan

Credit facilities are subject to status.

Maximum 70% loan funding against asset purchase.

  • Apply to borrow between £2,500 to £25,000
  • Repayment period is between 1 and 5 years
  • These loans may be offered on an unsecured or secured basis (there will be additional fees when security is required)
  • Borrowers are required to maintain a current account with the Bank, to fund repayments by standing order
  • Arrangement fees are 1% of the loan amount – minimum of £100
  • Repayments are fixed monthly instalments allowing for easier budgeting and forward planning
  • Any uncertainty regarding future increases in interest rates is removed for the duration of the fixed rate term
  • A loan offers funds that are repayable over a longer period of time than an overdraft