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 11.36% EAR1 representative
Annual interest rate 10.81%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/
% 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.
Overdraft Arrangement Fees Period of facility
Up to £5,000
£15,001 & over
Business Credit Card
Representative Annual Percentage Rate (APR) 22.4% (variable)
16.30% p.a. (variable) for Cash Withdrawals and all other Transactions.
An annual fee of £32 per card will apply.
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
Before you apply
To apply for business lending from TSB you will need to confirm:
- You are a sole trader, partner or director
- You are aged 18 or over
- The borrowing is for business use
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%