Commercial Fixed Rate Loan
Our Commercial Fixed Rate Loan has a fixed interest rate, during the fixed rate period, so you'll know exactly what the repayments will be each month, allowing you to plan your finances better.
An arrangement fee of up to 1.5% applies and is related to the amount you borrow. These terms will be discussed with you before you take out the loan.
For loans <£1m any early payment made during the fixed rate period will incur a defined break cost2. Break costs are defined at the outset of your loan, giving you certainty around the costs involved.
For Loans >£1m an early payment made during the fixed rate period can, subject to market conditions, incur a break cost which could be substantial. These break costs with be defined at the outset of your loan
There is always a possibility that interest rates may go down, leaving a fixed rate loan at a higher level compared to a variable rate loan. However, if interest rates rise, a fixed rate loan will remain at the same rate.
You will be provided with terms & conditions during the application process.
ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.
Important Legal Information
1 Capital repayment holidays available in certain circumstances only
All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.
You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
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