• Capped Base Rate Loan

    Our Capped Base Rate Loan provides certainty of a known maximum monthly payment, whilst benefiting from a variable rate. It is linked to the Bank of England Bank Rate so the interest rate that you pay will change as the Bank Rate changes, but it will not go above the Capped Rate during the Capped Rate Period. Capped Base Rate loans are less dependent on market conditions than Base Rate Loans, giving you confidence that you will be able to meet your financial obligations.

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

Key Features

    • Borrow from £50,001 up to £1,000,000, with terms from 5 to 25 years1
    • Variable monthly repayments, Capped during the 5 year Capped Rate Period1
    • Capital repayment holidays may be available

Features and benefits

    • Borrow from £50,001 up to £1,000,000.
    • Choose a term from 5 to 25 years1.
    • Variable monthly repayments, Capped during the 5 year Capped Rate Period1.
    • Benefit from capital repayment holidays, available in certain circumstances.
    • Borrow on a secured or unsecured basis.
    • An arrangement fee will apply, up to 1.5% and dependent on the amount you borrow.
    • Any early payment made during the Capped Rate Period will incur a break cost. Break costs are defined at the outset of your loan, giving you certainty around the costs involved.

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.

  • Finance selector

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  • Case studies

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    Read about how we've helped other businesses just like yours

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  • Contact us

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    0345 300 0268

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    0345 606 0286

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  • 1 The “Capped Rate” applies for a Capped Rate Period of five (5) years, and this may be equal to or less than the full term of the loan. If the term of the loan is for longer than the Capped Rate Period, then from the end of the Capped Rate Period, the loan will no longer have the protection of the Capped Rate and will be subject to the full impact of any movement in the Bank Rate with no maximum interest rate protection.

    There is always a possibility that the total interest rate payable will not rise above the Capped Rate during the Capped Rate Period, in which case you may have unnecessarily paid more interest than if you had chosen a Base Rate loan with no Capped Rate feature.

    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%.

  • 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.
  • 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.

  • Choosing the right finance

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  • Invoice Financing

    Overdraft

    Improve your cashflow options. Whether you're planning to expand or need to deal with day-to-day cashflow, we're here to help. Our invoice Financing options mean you can release up to 90% of the value of your invoices, typically within 24 hours.

    More about Invoice Financing