Support for our customers impacted by COVID-19

No arrangement fees for new overdrafts or overdraft limit increases.

Apply online

Features and benefits

  • Simple pricing
    10.31% EAR representative for unsecured overdrafts up to £25,000
    (Varies with the Bank of England Bank Rate)
  • Free to set up an overdraft with a limit of £5,000 or less
    If you would like an overdraft limit of £5,000+ an annual fee will apply
  • Apply for a limit that suits your business
    You can have an overdraft limit from £500
  • Only pay interest on the funds you use
    Set up a planned overdraft and you'll only pay interest on the funds you use
  • Once approved, provides immediate access to funds
    Ensures funds are available when you need them helping you to avoid unauthorised borrowing charges.
  • Check if you're eligible to borrow for your 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 using our quote tool.

Keep in mind

  • In the event of movement in the Bank of England bank rate your interest rate will move immediately by the same amount without any prior notice to you.
  • For overdrafts with a limit of more than £5,000 and up to £25,000 you’ll pay an annual fee of 1.75%, which is related to the amount you borrow.
  • If you would like to apply for an overdraft limit of £25,000+ you will need to contact our business management team to apply.
  • If you borrow more than your planned overdraft limit, unauthorised borrowing charges will apply.

Can I borrow for my business?

See how likely you are to get a Business Loan or Overdraft without affecting your credit rating. View indicative interest rates and repayment details. 99% of customers who use this tool get a final offer that is the same, better or no more than 10% above their initial quote.

Get a quoteGet a quote Business Loan
  • 10.31% EAR representative1 (varies with Bank of England Bank Rate) for unsecured overdrafts up to £25,000.




    Other information


    £5,000 or less




    9.75% per year over the Bank of England Rate




    £10 p/m usage fee



    Other information

    • Free to set up overdraft facility
    • Only pay if you go overdrawn


    £5,001 - £25,000




    9.75% per year over the Bank of England Rate




    1.75% Annual Fee
    (min £120)



    Other information

    • Only pay interest on funds you use


    £25,001 +




    Tailored Rates




    Annual Fee



    Other information

    • Pricing discussed on application

    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.

  • If you overdraw your account, or exceed an overdraft limit without prior agreement, you’ll be charged the unauthorised Borrowing Interest Rate of 10.85% above the Banking of England Bank rate on this unauthorised borrowing.

    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 £7 fee each time we have to return a payment.

  • Business Internet Banking

    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.

    Business Mobile Banking App

    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.

  • Online

    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.

    By Phone

    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:

  • you're aged 18 or older
  • you're a sole trader, partner or company director with authority to borrow on behalf of your business.

Apply Online

If you are asked to login, please follow these steps to apply for an Overdraft:

  1. Enter your login details, which will take you to the Online for Business Homepage
  2. Select ‘Overdraft’ in the left hand ‘Our Products and Services’ menu
  3. Select ‘Apply for an Overdraft’
Apply now

Other borrowing options

Whether you need cash to solve an unexpected problem or to make the most of an opportunity, we’re here to help with our Business Loans.

Business Loans

Our Business Credit Card could improve your business’s cash flow and provides a useful tool to pay for everyday expenses.

Credit Cards

Property can be a big cost for many businesses so it is important to manage that investment wisely.


Strengthen your working capital and support your growth plans.

Commercial Finance solutions

Financing for growth

Is your business ready for growth? Read our guide to support your decision making and discover available funding options.

Rate change calculator

The current Bank of England bank rate with effect from 19 March 2020: 0.10%. Use our “Rate change calculator” to work out how a change could affect your loan repayments.


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.

*9 out of 10 is based on formal credit applications and is an average across the period September 2018 - September 2019.

1The representative EAR is an illustration of the rate that the majority of customers will receive. If an overdraft is described as having a particular representative EAR, 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.

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.

Our representative EAR applies to all unsecured overdrafts with a borrowing amount of up to £25,000 for businesses with a turnover of up to £3 million. This figure is not necessarily the rate you will be receiving and is for illustrative purposes only.
Overdrafts are repayable on demand.