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 0.75% (effective from 2nd August 2018).

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)

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We're committed to helping Scottish businesses grow and develop by giving them the support they need – our Business Charter will tell you more.

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