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Fixed Rate Loan

Our fixed rate loan has a fixed interest rate for the whole term, so you'll know exactly what the repayments will be each month allowing you to plan your finances more easily.

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

  • Get a quote online in minutes (your credit rating will not be affected).
  • Borrow between £1,000 and £50,000.
  • Choose a term from 1 to 10 years.
  • Loans available on a secured or unsecured basis.
  • Capital repayment holidays may be available.
  • Read our charter to find out how we're committed to lending to businesses.
  • 9.3% APRCloseAPRAnnual 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. representative*

Representative example: 9.3% APR1 based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £165.68 at an annual interest rate of 8.90% (fixed). Total amount payable £9,940.80

*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% on the amount of your loan. We will discuss full terms with you before any loan is taken out.

There is always the 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.

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.
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Base Rate Business Loan

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

Find out moreabout the Base Rate Business Loan

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Enterprise Finance Guarantee

A government-backed scheme that helps businesses without sufficient security to borrow.

Find out moreabout the Enterprise Finance Guarantee

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Commercial Fixed Rate Loan

Repay a consistent monthly amount for the entire length of your loan term.

Find out moreabout the Commercial Fixed Rate Loan

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Loans and finance

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

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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 quote

Enquire online

Completing our online enquiry form takes about 10 minutes. Once we receive it, we’ll contact you to discuss your business needs in more detail.

Enquire online

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Finance selector

A convenient way to help you decide which of our finance options could be right for your business.

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