Commercial Fixed Rate Loan

Features and benefits

  • Borrow from £50,001 up to £500,000.
  • Choose a term from one to 25 years.
  • Fixed monthly repayments.
  • Borrow on a secured or unsecured basis.
  • Break costs will apply – these will be defined at the outset of your loan.1
  • Read our charter to find out how we're committed to lending to businesses.

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. 2

An 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.

See how much you may be charged.

1 Break costs may apply upon full/partial early repayment of the loan. These will be calculated based upon the loan rate compared to market rates at the time of repayment. These may be substantial.

2 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.

How to apply or enquire for any of our loans

For loans not related to COVID-19

For those clients requiring lending that is not related to COVID-19 please call our Business Management team to discuss your needs on 0345 072 5555

Lines open 7am to 8pm Monday to Friday and 9am to 2pm on Saturday, except on UK bank holidays.

Due to the challenging times we’re all experiencing, we’re dealing with a much higher number of calls from customers than normal and our call times are longer.

Busting the lending myths

Answering some common misconceptions associated with business lending.

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.

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.

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Telephone: 020 7626 1500

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.

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.

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk