• Fixed Rate Loan

    A fixed rate loan has a fixed interest rate for the whole term, so you'll know exactly what the repayments will be each month allowing you to plan your finances better.

    Fixed rate loans are less dependent on market conditions giving you confidence that you will be able to meet your financial obligations.

  • Features and benefits

    • Interest rate reduced by 1% as part of the Funding for Lending Scheme*
    • Borrow from £1,000 up to £100,000
    • 1-10 year terms available
    • Repayment amount remains constant for term of the loan
    • Capital repayment holidays may be available
    • Loan available on a secured and unsecured basis
    • If you repay part or all of your fixed rate** loan before the end of the agreed term there may be a break cost***. There is no break cost***for bank rate linked loans.
    • An arrangement fee will apply, up to 1.5%**** and dependent on the amount you borrow

    Any property given as security which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it.
    All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.
    You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.
    There is always a possibility that interest rates may go down leaving a fixed rate loan at a higher level compared to a variable rate loan. However, if interest rates rise, a fixed rate loan will remain at the same rate.
    A break cost may be applied on fixed rate loans, on any early or partial/full repayment of the loan. This could be substantial depending on the interest rate at the time.
    An arrangement fee will apply and is related to the amount you choose to borrow. These terms will be discussed with you before you take out the loan. To cover our administration costs for smaller facilities, there will be a minimum scale charge of between £100 and £250 resulting in the overall charge being more than 1.5%.

  • Before you apply

    To apply for a business loan from TSB you will need to confirm the following: 

    • Check you are eligible
    • You are a sole trader, partner or director
    • You are aged 18 or over
    • You require the account for business use


    Please view our Finance Application Checklist (PDF)

  • Have this information to hand

    • How much you would like to borrow
    • The purpose of the finance
    • How many months you would like to make the repayments over


  • *TSB is a market participant of the Bank of England’s Sterling Monetary Framework (SMF) and as such is eligible to apply for usage of the Bank's operations in the sterling money markets, which includes the Funding for Lending Scheme (FLS).



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