Variable Rate Loan
If you want to fund a business expansion or to add to your general business assets, a Variable Rate Loan from The Co‑operative Bank is an ideal way to meet the cost.
With a Variable Rate Loan from The Co‑operative Bank you can:
- borrow any amount with terms typically up to 15 years
- benefit from a flexible repayment structure and term
- take a capital repayment holiday
- keep track of your outgoings, payments often in equal instalments
- link a larger loan to the London Interbank Offered Rate, which means the interest rate can be fixed and the cost of borrowing reduced.
A Variable Rate Loan can be structured to meet your exact needs, making it ideal for businesses that like to plan ahead. You can negotiate the loan structure and term and even take a payment holiday, where you only have to meet the interest, not the capital repayments.
For more information please contact your Relationship Manager or call 0800 587 2864.
