Base Rate Loan

Our Base Rate Loan is a flexible finance option that can be tailored to suit your short or long-term financial goals. It is linked to the Bank of England bank rate so the interest rate that you pay will change as the bank rate changes.

Features and benefits

  • Get a quote online in minutes (your credit rating will not be affected)
  • Borrow from as little as £1,000
  • Choose a term to suit your business needs
  • No early repayment costs
  • Interest rate varies with Bank of England Bank Rate
  • Loans available on a secured or unsecured basis
  • Capital repayment holidays of up to two years may be available
  • For loan amounts over £1 million, a part amortising option may be available
  • Read our charter to find out how we're committed to lending to businesses
  • 5.1% APR1 (variable) representative*

Representative example: 5.1% APR based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £150.97 at an annual interest rate of 5.0% (variable). Total amount payable £9,058.20

*The representative APR is an illustration of the rate that the majority of customers will receive. If a loan is described as having a particular representative APR, then we expect to offer that rate or better to at least 51% of the applicants we accept. Other customers may get a different rate based on their individual circumstances.

Our representative APR applies to all unsecured loans with a borrowing amount of up to £25,000 for businesses with a turnover of up to £25 million. This figure is not necessarily the rate you will be receiving and is for illustrative purposes only.

  • For all loans over £25,000, you will pay an arrangement fee of up to 1.5%2 on the amount of your loan. We will discuss full terms with you before any loan is taken out.

  • To enquire about this loan, you must:

    • Require the loan for business use.
    • Be a sole trader, partner or director with authority to borrow on behalf of your business.
    • Be aged 18 or over.

    One of our relationship managers will be happy to speak with you about your enquiry. However, before you get in touch, please make sure you know:

    • How much you would like to borrow.
    • The purpose of the finance.
    • What time period you would like to make the repayments over.
  • Commercial Mortgage

    A commercial mortgage could help your business expand into larger or multiple premises.

    Find out more

    Commercial Fixed Rate Loan

    Borrow from £50,001 and get a fixed interest rate for a 1-25 year period.

    Find out more

    Invoice Finance

    Strengthen your cash flow using our Invoice Finance products and release up to 90% of the cash tied up in your outstanding invoices, usually within 24 hours.

    Find out more

    Loans and finance

    Our lending products are flexible enough to accommodate almost any business plan.

    Back to loans and finance

How to enquire

On the phone

Call us on 0800 022 4378 to talk to one of our relationship managers. We are available from 9am to 5pm Monday to Friday.

Can I borrow for my business?

See how likely you are to get a Business Loan or Overdraft. View indicative interest rates and repayment details. Try different options without affecting your credit rating.

Get a quotefor a business loan or overdraft

Not sure on the right finance for you?

Compare all our Loans and Finance products.

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Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.


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.

1Annual Percentage Rate (APR) is the total cost of the credit expressed as an annual percentage of the total amount of credit. It represents the actual yearly cost of credit over the loan term and includes not only the interest but also any other charges you have to pay, for example, an arrangement fee. The APR will vary depending on the loan amount and term.

2This excludes Property Development Base Rate Loans where you will pay an arrangement fee of up to 2% on the amount of your loan.

Important Legal Information

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.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

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.