The world's local bank
Interest Rates
Business
Finance & borrowing
|
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 |
1.97 |
23.58 |
26.30 |
|
Small Business Loan |
From 7.9%1 AIR |
|---|---|
|
An arrangement fee, currently £100, is taken when the loan is drawn down. This is added to the AIR to give the APR. |
|
|
A quotation is always given before you take a loan from us. |
|
|
Once a loan is taken, the interest rate is fixed for the duration of the loan | |
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.
All rates are quoted per annum, unless otherwise indicated.
