Fixed Rate Loan
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.
A Co-operative Bank Fixed Rate Loan:
- is ideal for medium-sized lending requirements
- ranges from £2,500 to £99,999
- offers the option to fix the interest rate and repayment term
- has an interest-only feature, which can mean lower repayments for up to two years.
A Fixed Rate Loan is a medium to long-term credit facility with a fixed rate of interest – which works to your advantage when rates are rising or low. You can borrow what you need and because the term and the rate of interest are fixed in advance for the duration of the loan, you have the certainty of a predictable monthly payment.
For further information, please contact your Relationship Manager or call 0800 587 2864.
For fixed rate loan requirements above £100,000 please refer to our Treasury Fixed Rate Loan
