Base Rate Loan

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’re eligible. Please contact us if you’d like to check.
  • 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 find out more and apply call us on 0345 835 3858 (lines open 8am – 6pm Monday to Friday, 9am – 2pm Saturday).

If you need to call us from abroad, or prefer not to use our 0345 number, you can also call us on +44 203 284 1576.