Base Rate Loan Repayment Calculator

If you have a base rate loan or mortgage, the interest rate we apply will always move in line with the changes to the Bank of England Bank Rate.

If your interest rate is fixed, any change to the Bank Rate will not affect the interest rate during the fixed period. However the interest rate you move to after the fixed period ends may be variable and therefore could change in response to changes in the Bank Rate.

The interest rate on a Base Rate Loan will fluctuate in line with changes to the Bank of England Bank Rate – the rate of interest may increase or decrease over the committed term of the loan and this will affect the total repayment amount.

The current Bank of England Bank Rate is 1.00% (effective from 5th May 2022).

Use our Rate change calculator to work out how a change in Bank Rate could affect your loan or mortgage repayments.

If you believe your business may be heading into financial difficulties, or you are struggling to meet your financial commitments, please don’t ignore the problem – talk to your relationship manager.

For further details of the standard interest rates applicable to our products please visit:
Business accounts
Lending (£0 - £3m turnover)
Lending (£3 - £25m turnover)

Open a business account

To open a new business account or switch to us please call on 0345 3001319.

All lending is subject to status

While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Bank of Scotland for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances.  Specific advice should always be sought in each instance.