• Commercial Fixed Rate Loan

    When you want to plan ahead with confidence.

    If you’re looking for a fixed rate loan for a larger business project or investment, then our Commercial Fixed Rate Loan could meet your needs. With a fixed interest rate, during the fixed rate period, you'll pay identical monthly amounts, allowing you to plan your budget with confidence.

  • Key Features

    • Borrowing starts from £50,001, with terms from 1 to 25 years.*
    • Capital repayment holidays may be available.

    You can apply by calling 0345 300 0268

  • Features and benefits
  • Arranging your loan
  • How to apply

Features and benefits

    • Borrow from £50,001.
    • 1 to 25 year terms available.*
    • Repayment amount remains constant for the term of the loan.
    • Capital repayment holidays may be available.
    • Loans available on a secured or unsecured basis.
    • An arrangement fee will apply, up to 1.5% and dependent on the amount you borrow.
    • For loans <£1m any early payment made during the fixed rate period will incur a defined break cost. Break Costs are defined at the outset of your loan, giving you certainty around the costs involved. For Loans >£1m an early payment made during the fixed rate period can, subject to market conditions, incur a Break Cost which could be substantial.1  

Arranging your loan

  • Talk to us about your plans and we’ll let you know how much we may be able to lend you. We’ll agree interest rates with you and let you know if we need security on your borrowing. We’ll also discuss all terms and conditions with you before you take out your loan.

    If your financing needs are more complex, we may have an alternative product that may suit your needs better.

How to apply

  • By phone

    Call 0345 300 0268.

    When you apply
    You’ll need to confirm that:

    • you are a sole trader, or a partner or director of the business
    • you are over the age of 18
    • the finance you wish to secure is for business use only.

    You’ll also need to have the following information to hand:

    • the amount of money you would like to borrow
    • the reason you want to borrow the money
    • how long you wish to take to repay the money.

    Please view our finance application checklist.

  • *Fixed rate period available 1-25 years, with a variable rate for the remaining loan term where the total loan term exceeds the fixed rate period.

    †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. To cover our administration costs for smaller facilities, there will be a minimum scale charge of between £100 and £250 resulting in the overall charge being more than 1.5%.

    1New Commercial Fixed Rate Loans less than or equal to £1m booked after 11th July 2016 will have defined Break Costs set out in the Loan Schedule and Loan Agreement. Commercial Fixed Rate Loans booked before this date, and those >£1m can, subject to market conditions, incur a break cost which could be substantial. Your Loan Agreement will specify which type of Break Cost applies to your loan.

  • 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.
  • 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.

    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.