Fixed Rate Loan

If you need to fund capital expenditure, this flexible but simple business financing solution lets you choose the repayment frequency and as the rate is fixed for an agreed term, you know exactly what your payments will be during that period.
 
  • A Fixed Rate Business Loan provides you with longer term finance when you want to invest in the development of your business
  • The interest rate can be fixed for either 3 or 5 years
  • The repayment frequency can be agreed to suit your business cashflows
  • Minimum amount is £25,000
  • Maximum amount is £250,000
  • The maximum repayment period usually depends on the life of the asset that you are buying. 
  • An early repayment charge is applied if the loan is repaid in full or a lump sum repayment is made during the fixed rate term
  • You must be 18 or over.  Lending criteria, terms and conditions apply
  • Security may be required

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