9.75% per year over the Bank of England Rate
11.02% EAR representative1 (varies with Bank of England Bank Rate) for unsecured overdrafts up to £25,000.
Limit | Rate | Fee | Other information |
---|---|---|---|
£5,000 or less | 9.75% per year over the Bank of England Rate | £10 p/m usage fee |
|
£5,001 - £25,000 | 9.75% per year over the Bank of England Rate | 1.75% Annual Fee |
|
£25,001 + | Tailored Rates | Annual Fee |
|
£5,000 or less
Rate
9.75% per year over the Bank of England Rate
Fee
£10 p/m usage fee
Other information
£5,001 - £25,000
Rate
9.75% per year over the Bank of England Rate
Fee
1.75% Annual Fee
(min £120)
Other information
£25,001 +
Rate
Tailored Rates
Fee
Annual Fee
Other information
EAR stands for equivalent annual rate. It is the rate you would pay if you go overdrawn to the full limit of your facility for the entire year. It takes into account the interest rate you are charged as a result and how often it’s charged – in this case interest is calculated daily and charged monthly. It then takes into account the effect of compounding – charging interest on interest – on your debt. Charges for unarranged overdrafts are charged separately.
The first time you go overdrawn, without an agreed overdraft facility, or exceed your agreed limit with us by £50 or more, you may be charged an Unauthorised Borrowing Fee of £15. After that, the UBF is applied every time you increase your unauthorised borrowing by £50 or more from the previous day’s closing balance, unless a higher limit is agreed with us or until the account is within its existing limit or in credit.
Where you do not have enough money available to make a payment and we do not agree to extend an unauthorised overdraft, you will not be able to make that payment. We charge a £25 fee each time we have to return a payment.
Take control of your businesses finances wherever you are. From checking your balance to making international payments, Online for Business helps you spend less time taking care of your banking so you have more time to look after your business.
Our business mobile banking app is a great way to securely access and manage your business accounts on the move. Whether you are on your way to your next meeting, in the office without your PC or on your way home, our app will help you to stay in touch with your finances.
Fill in our simple online application form. We’ll just need a few bits of information, and you’ll need to be aged 18 years or over. You could have your business bank account open within 7 working days.
0345 072 5555
Call us to talk to our business management team. We are available from 9am to 5pm Monday to Friday.
You can apply for a Lloyds Bank Business Overdraft if:
Is your business ready for growth? Read our guide to support your decision making and discover available funding options.
The current Bank of England bank rate with effect from 2 August 2018: 0.75%
Use our “Rate change calculator” to work out how a change could affect your loan repayments.