Base Rate Loan

Flexible finance to match your business needs.

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.

Rates and Charges

Amount of borrowing	Arrangement fee
Amount of borrowing Up to £25,000	Arrangement fee £0
Amount of borrowing £25,001 +	Arrangement fee £0

Arranging your loan expandable section

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.}

Appeals for borrowing