Business Overdraft

With our Business Overdrafts, you can make sure that extra funds are available for when you need them.

Key Features & Benefits

  • Free to set up an overdraft with a limit of £5,000 or less.
  • Simple Pricing
  • Only pay interest on funds you use
  • Apply for a limit that suits your business needs.
  • Once approved, provides immediate access to funds.
  • Helps you manage your cash flow and working capital.
  • Ensures funds are available when you need them, helping you to avoid unauthorised borrowing charges.

Get a quote online in minutes (your credit rating will not be affected).

Business Overdraft Pricing

  • 11.02% EAR representative* (varies with Bank of England Bank Rate) for unsecured overdrafts up to £25,000.

Limit

Rate

Fee

Other Information

Limit

£5,000 or less

Rate

9.75% per year over the Bank of England Rate

Fee

£10 p/m usage fee

Other Information

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

Limit

£5,001 - £25,000

Rate

9.75% per year over the Bank of England Rate

Fee

1.75% Annual Fee (min £120) 

Other Information

  • Only pay interest on funds you use

Limit

£25,001 +

Rate

Tailored Rates

Fee

Annual Fee

Other Information

  • Pricing discussed on application

Can I borrow for my 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.

Get a quotefor a business loan or overdraft.
  • For any borrowing which is unarranged, the Unauthorised Borrowing Interest (UBI) rate is 23%.

    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.

  • Apply online

    Where eligible, you can get an immediate decision and an overdraft up to £25k opened within minutes. Simply log in to Internet Banking and select overdrafts from the left hand menu.

    Log in and apply now

    Get a quote online in minutes (Will not affect your credit rating)

    Apply by phone

    Existing customers

    0345 300 0268

    New customers

    0345 606 0286

    When you apply

    You will need to confirm:

    • The finance you wish to apply for is for business use only
    • You are over the age of 18
    • You are a sole trader, partner or director with authority to borrow on behalf of the business

    Please view our finance application checklist before you apply

Apply online

Apply online

Where eligible, you can get an immediate decision and an overdraft up to £25k opened within 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

Please view our finance application checklist before you apply

Loan calculator

Calculate monthly repayments with our easy to use tool.

Launch calculator

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.

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.