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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.

This allows you to plan your finances better. Fixed rate loans are less dependent on market conditions, giving you confidence that you will be able to meet your financial obligations.

Features and benefits

  • Borrow from £50,001.
  • Choose a term from one to 25 years1.
  • Fixed monthly repayments during the fixed rate period.
  • Benefit from capital repayment holidays, available in certain circumstances.
  • Borrow on a secured or unsecured basis.

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.

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 substantial2.

An arrangement fee of up to 1.5%3 applies and is related to the amount you borrow.

  • 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.
  • Capped Base Rate Loan

    A loan with a variable rate that changes in line with the Bank of England bank rate, but will not go above the Capped Rate during the Capped Rate Period.

    Base Rate Business Loan

    A loan with a variable rate that changes in line with the Bank of England bank rate.

    Loans and finance

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

How to enquire

On the phone

0800 022 4378

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

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.

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.

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.

1Fixed rate period available one to 25 years, with a variable rate for the remaining loan term where the total loan term exceeds the fixed rate period.

2New Commercial Fixed Rate Loans less than or equal to £1m booked after 11th July 2016 will have defined Break Costs set out in the Loan Schedule and Loan Agreement. Commercial Fixed Rate Loans booked before this date, and those >£1m can, subject to market conditions, incur a break cost which could be substantial. Your Loan Agreement will specify which type of Break Cost applies to your loan.

3An arrangement fee will apply and is related to the amount you choose to borrow. These terms will be discussed with you before you take out the loan. To cover our administration costs for smaller facilities, there will be a minimum scale charge of between £100 and £250 resulting in the overall charge being more than 1.5%.

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.