Business Lending rates
Business Loan Arrangement Fees
Amount of borrowing
|Up to £5,000||£100|
|£15,001 & over||1.5% (min £250)|
Please note: Borrowing is subject to status and lending criteria. The loan amount and rate we offer may differ as it will depend on our assessment of your circumstances.
Unsecured loans available from £1,000 to £25,000 over 1 to 10 years (fixed rate loans)
1 APR means Annual Percentage Rate. This figure is based on the interest rate and how you repay the amount borrowed (the term of the loan, timing and repayment amounts). You can use it to compare different loan offers.
Rates correct at 1 February 2019
Business overdraft of £7,000 over 12 months 10.65% EAR1 representative
Annual interest rate 10.16%2
An arrangement fee, in this example £175, is taken when the overdraft is agreed.
Please note: Borrowing is subject to status and lending criteria. The overdraft amount and rate we offer may differ as it will depend on our assessment of your circumstances.
1 EAR means Equivalent Annual Rate. This is the actual interest rate of an overdraft. It does not take account of any other charges for example unauthorised borrowing fees. For further information please see ‘Your account charges explained’ within Business Accounts
2 Inclusive of Bank of England Bank Rate %, which can be found at https://www.bankofengland.co.uk/
View our business tariffs and charges here.
Overdraft Arrangement Fees Period of facility
Up to £5,000
£15,001 & over
Business Credit CardWe are no longer accepting new credit card applications, and we are discontinuing all TSB Credit Cards as from June 9 2020.
Representative Annual Percentage Rate (APR) 22.4% (variable)
16.30% p.a. (variable) for Cash Withdrawals and all other Transactions.
Credit limits available between £1,000 and £10,000 depending on our assessment of your circumstances.
Please note: Other fees and charges may be applicable for example late payment fees or for cash withdrawals. For more information please see Business Credit Card
Previous Rates and Rates no longer available
% per annum* Rate A 10.16% Rate B 8.96% Rate C 7.88% Rate D 7.16% Unauthorised borrowing 19.90% % per annum* Rate A 10.81% Rate B 9.61% Rate C 8.53% Rate D 7.81% Unauthorised borrowing 19.90%
The unauthorised borrowing interest rate is not linked to the Bank of England Bank Rate and can be changed by the bank at any time in accordance with the terms and conditions of the account.
Business overdrafts rates prior to 3 September 2018
% per annum* Rate A 10.56% Rate B 9.36% Rate C 8.28% Rate D 7.56% Unauthorised borrowing 19.9%
Business overdrafts rates prior to 1 December 2017.
% per annum* Rate A 10.31% Rate B 9.11% Rate C 8.03% Rate D 7.31% Unauthorised borrowing 26.40%
Business overdrafts rates prior to 5 August 2016
% per annum* Rate A 10.56% Rate B 9.36% Rate C 8.28% Rate D 7.56% Unauthorised borrowing 26.40%