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.
  • 5.1% APR representative*

Representative example: 5.1% APR1 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% (fixed). 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% 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.
  • Base Rate Business Loan

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

    Find out more

    Commercial Fixed Rate Loan

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

    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


Overdrafts are repayable on demand.

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.

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.