Base Rate Loan

If you need to find out more and apply for the Government backed Bounce Back Loan Scheme.

A base rate loan is an adaptable finance option which can be tailored to meet long or short term financial needs. The loan is linked to our Bank of England Base Rate so the interest rate that you pay will change as the base rate changes.

Features and benefits

  • Borrow from £25,001
  • 1-25 year terms available
  • Capital repayment holidays may be available 
  • Security may be required
  • 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 can not comfortably afford to repay now and in the future to avoid the possibility of legal action.

**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%.
 
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.

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
  • UK-based businesses only

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


Find out more and apply

To enquire and apply, please use our

Business Lending enquiry form

If you have any questions, please do give us a call.

We have chosen Adobe to support us with our digital processes by using their ‘Adobe Sign’ software.

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You may therefore wish to read their Adobe Terms of Use and Consumer Disclosure before using the following link(s).
 

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