Fixed Rate Loan
A fixed rate loan enables you to plan your finances better, as you'll know exactly what your repayments will be each month.
Fix your finance to suit your budget.
A fixed rate loan enables you to plan your finances better, as you'll know exactly what your repayments will be each month.2 And with a fixed interest rate for the whole term you’re less dependent on market conditions, giving you confidence that you’ll be able to meet your financial obligations.
- Get a quote in minutes (your credit rating will not be affected).
- Borrow between £1,000 and £50,000
- Choose a term from 1 to 10 years
- Fixed monthly repayments
- No early repayment costs
- Loans available on a secured or unsecured basis
- Capital repayment holidays may be available
- 9.3% APR1 representative*
Representative example: 9.3% APR based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £165.68 at an annual interest rate of 8.90% (fixed). Total amount payable £9,940.80
*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.
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.
For all loans over £25,000 you will pay an arrangement fee of up to 1.5% on the amount of your loan. We will discuss full terms with you before any loan is taken out.
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.
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 with authority to borrow on behalf of your 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.
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.