Variable rate loans
Linked to base rates for longer term loans
Our variable rate loans are simple to arrange and easy to understand.
Key features and benefits:
- Variable interest rates – linked to our base rate
- Long maximum term – normally 25 years
- No penalties – if you decide to repay the loan early
- Multi-currency – to minimise exchange rate exposure
Optional features:
(subject to agreement at the outset)
- Interest-only – with a single capital repayment at the end of the term
- Capital repayment holidays – of up to 3 years
- Repayment options – choose capital and interest, interest only or capital only repayments
- Staged drawdown – take the loan in stages when you need it – up to four drawdowns over 12 months.
Your relationship manager can advise you what the best repayment structure is for your business.
Capital repayment holidays
If you take a capital repayment holiday interest will continue to accrue during the payment holiday and your monthly payments may increase afterwards.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Product fees may apply. Your relationship manager will be able to advise you of fee information.