Finance and borrowing

Find current and previous interest rates for our finance and borrowing products.

Current interest rates

Business Overdraft Representative EARof 5.9% variable
With an overdraft facility1 From 4% margin over Bank of England base rate

Standard Debit Rate Effective Date Monthly % Annual % EAR %2
Quarterly interest 01.12.14 1.63 19.50 20.97
Monthly interest 01.12.14 1.63 19.50 21.34

Small Business Loan 7.4% APR Representative
An arrangement fee, currently £100, is taken when the loan is drawn down.
Any rate offered may differ from the 7.4% APR Representative as rates depend on circumstances and loan amount.
Once a loan is taken, the interest rate is fixed for the duration of the loan

Previous interest rates

Business Overdraft Margin over Bank of England Base Rate %
With an overdraft facility1 From 3%

Standard Debit Rate Effective Date Monthly % Annual % EAR %2
Quarterly interest 06.03.09 1.97 23.58 25.80
Monthly interest 06.03.09 1.97 23.58 26.30

Small Business Loan3
(An arrangement fee is added to the AIR to give the APR)
From 7.9% AIR4
(Annual Interest Rate)

1 Interest rates are set on the basis of our assessment of your financial status.
2 Effective Annual Rate – This takes account of the interest rate and how often interest is paid and does not include any fee or charges.
3 Once a loan is taken, the rate is fixed for the duration of the loan.
4 Annual Interest Rate.
5 The Representative EAR is the rate at or below which we reasonably expect would apply to unsecured credit provided to at least 51% of customers who enter into the a credit agreement as a result of the advertising or marketing.

All rates are quoted per annum, unless otherwise indicated.

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