Fixed Rate Loan

Having a fixed rate today helps you plan for tomorrow

We’re committed to helping UK business, so we won't charge you any early redemption fees.

No fee for early redemption

Fixed monthly repayments – could help with cashflow

This loan in detail...

Features

No early redemption charges

Make a partial or full repayment without incurring a penalty. Simple as that.

Fixed rate of interest

A fixed rate could help you plan for tomorrow, because costs won’t change throughout the term.

Fixed rate of interest – in detail

The rate you pay won’t change throughout this loan, so it could help with budgeting and knowing what your outgoings will be.

 

What you should know

Over the life of the loan, our Fixed Rate might end up costing you more than our Variable Rate if interest rates go down. 

Borrow from £35,001 up to £10,000,000

Because of the wide range of this loan, it makes it a lot more flexible (subject to credit approval).

Terms are 3, 5, 7 and 10 years

With a maximum of 25 years. The longer the term, the smaller your monthly repayments (you’ll pay more back overall though).

Take a repayment holiday

You can take a Capital Repayment holiday, but you must keep paying the interest.

What you should know

  • During any Capital Repayment Holiday (where you take a break from paying off the principle of the loan) the interest must still be paid into a servicing account. Capital Repayment Holidays are subject to credit approval. Payments may increase afterwards
  • You can’t take a mid-term repayment holiday
  • You can’t do a tranche drawdown (take the loan in instalments) 

Benefits

Three repayment options

Choose the repayment option that suits you best.

Repayment Options – in detail

You can choose to pay:

  • Both the capital (the main lumps sum) and interest payments combined.
  • Capital only
  • Interest only

Charges

Interest Rate

Your interest rate is obtained from Agile Markets and consists of a Risk Margin and a Core Rate.

Arrangement Fees

For businesses with a revenue of usually under £2m, there's no arrangement fee. For larger businesses, arrangement fees will vary. Please contact your Relationship Manager for more information.

Security Fee

Any security fee will be charged in accordance with our Security Fee tariff policy.

Useful info about our Fixed Rate Loan

No, you’re still very welcome to apply. We’ll just have to ask you a few more questions than we would if you were an existing customer.

Yes, you can only take Capital Repayment Holidays at the beginning of the loan (subject to agreement).

Take a look at our Fixed Rate Loan Fact Sheet here

Ready to apply

Great, thanks for choosing our Fixed Rate Loan. Let's get started. Is your business turnover...

Are you an existing or new customer?

If you have a relationship manager, give them a call. If you don't have their number or are a new customer, please call the number below.

Lines are open 9am-7pm Monday to Friday and 9am-2pm on Saturdays. Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

Business and Relationship Managers are available 9am-5pm Monday to Friday.

Are you an existing or new customer?

If you have a relationship manager, give them a call. If you don't have their number or are a new customer, please use the link below.

Lines are open 9.00am-5.30pm Monday to Friday (except public holidays). Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

Business and Relationship Managers are available 9am-5pm Monday to Friday.

Additional support for your business

What we look for when lending money

Before approving your request for funding, we need assurance that you have the ability to repay and you can keep up payments over a period of time.

Funding your business

Funding is crucial for most businesses, as an initial cash injection is often needed. You need to think about how much money you'll need and what type of funding will suit you best. 

Cashflow and collecting money

Good cashflow management is key to keeping a business afloat. We’ve got a seven-step guide to help you keep your cashflow nice and steady.

Something else we can help you with?