Base Rate Loan

Flexible finance to match your business needs.

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 used this tool and opened the same product received an offer rate that was the same, better or no more than 10% above their initial quote.

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With loan amounts that start at just £1,000, our base rate loan can be tailored to meet your long or short term financial needs. Your loan is linked to the Bank of England bank rate so the interest rate that you pay will change as the Bank Rate changes.

Key Features

  • 5.1% APR1 (variable) representative*
  • No arrangement fees
  • Borrow from as little as £1000
  • Choose a term to suit your business needs
  • No early repayment costs
  • Interest rate varies with Bank of England Bank Rate
  • Loans available on a secured or unsecured basis

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% (variable). 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.

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 300 0268.

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.

  • Amount of borrowing

    Arrangement fee

    Amount of borrowing

    Up to £25,000

    Arrangement fee

    £0

    Amount of borrowing

    £25,001 +

    Arrangement fee

    £0

  • 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.

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.

Overdrafts are repayable on demand.

1Annual 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.

Apply online

For our loans up to £10,000 and terms under five years, it is now quick and easy to apply. If eligible, you’ll get an approval in principal decision in minutes.

Log in and apply now

Call us to talk to one of our business management team:

Existing customers
0345 300 0268

New customers
0345 606 0286

Making sure you get a fair deal

We want 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.