Fixed Rate Loan

Features and benefits

  • 5.1% APR Annual 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* (fixed)
  • No arrangement fees
  • Borrow from £1,000 to £50,000.
  • Choose a term from 1 to 10 years.
  • Fixed monthly repayments.1
  • No early repayment costs.2
  • Loans available on a secured or unsecured basis.
  • Read our charter to find out how we're committed to lending to businesses.

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% (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.

By borrowing at a fixed interest rate, you'll know exactly how much your repayments will be every month. This can help you plan and manage your finances in advance, without needing to worry about changing market conditions.

1There 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.

2Break 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.

  • To enquire about this loan, you must:

    • Require the loan for business use.
    • Apply for a minimum of £1,000.
    • Be a sole trader, partner or director with authority to borrow on behalf of your business.
    • Be aged 18 or over.
  • One of our business management team will be happy to speak with you about your application. 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.
  • For loans above £25,000, 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.

    Amount of borrowing

    Arrangement Fee

    Amount of borrowing

    Up to £25,000

    Arrangement Fee


    Amount of borrowing

    £25,001 - £1m

    Arrangement Fee


  • You will be provided with terms & conditions during the application process.

  • Base Rate Loan

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

    Commercial Fixed Rate Loan

    A fixed interest rate during the fixed rate period, so you’ll know exactly what repayments will be each month.

    Loans and finance

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

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.

Lending appeals


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.


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.