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.

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.

Loan calculator

Calculate monthly repayments with our easy to use tool.

Launch calculator
    • 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
    • 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.
  • 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.

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%.


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.

Finance selector

A useful tool to help you find out which of our finance options may be right for your business.

Launch selector

Choosing the right finance

Not sure what funding options best suit your needs? Find out what the right finance options are for your business.

Invoice Financing

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.

Case studies

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

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.