Business Loans

Getting an indicative lending quote doesn’t impact your credit score.

If you go on to complete a loan application and consent to us running a credit check, the outcome may impact your credit score.

It’s important that you’re accurate with your income declaration. For example, if you declare an income of £250,000 and we see £180,000 going through your NatWest account, your application may be referred or declined.

Also, make sure that your personal and business details at Companies House are up to date and match the information we have on file.

Fixed Rate Loan Terms

Rates can be fixed for 3, 5, 7, 10 and 15 years.

Loan repayment term up to 25 years.

The longer the fixed rate loan term, the smaller your monthly repayments, you’ll pay more back overall though.

Fixed rate of interest might end up costing you more than our Variable Rate, depending on what interest rates are in the future.

Your interest rate consists of a Fixed Core Rate and a Risk Margin.

Fixed Rate Loan Fees

Any security fee will be charged in accordance with our Security Fee tariff/policy.

Variable Rate Loan Terms

Repayment terms from 3 months up to 25 years.

Variable Rate Loan Interest

Your interest rate will be set above the NatWest Bank base rate. Please note that, for the purposes of interest rate calculation, where NatWest Bank base rate is below zero, it will be deemed to be zero.

Variable Rate Loan Fees

Any security fee will be charged in accordance with our Security Fee tariff/policy.

Depending on the amount and term of your loan you can:

Pay the capital and interest combined

Pay the capital only (interest will be applied to the servicing account)

Pay the interest only, and repay the capital at the end of the term

You could take a repayment holiday at the start of the loan, or during a Family First event

You could choose to have a capital repayment holiday of up to 6 months for a Family First event, you’ll still need to pay the interest, and switch back to a full repayment after that

During any Capital Repayment Holiday where you take a break from paying off the principle of the loan, the interest must still be paid into a servicing account

Interest will accrue during any repayment holiday, so it may take longer to repay the loan and cost more in the long run

Capital Repayment Holidays are subject to credit approval and payments may increase afterwards

The rate you pay depends on your personal circumstances – the amount you want to borrow, the loan term, and your status.

The representative APR (Annual Percentage Rate) can be used for comparison. APR is the rate that at least 51% of people who have taken out a loan of a particular size have been given. Just be aware that all applications are assessed individually, so we may offer you a different rate than the representative APR.

No, you are not required to open or maintain a business current account with us in order to obtain or manage a business loan.

In some circumstances you will be required to open a fee-free loan servicing account.

A fee-free Loan Servicing Account is not a Business Current Account. This account will purely be used to facilitate your loan and will be free of any transaction charges.

You are able to switch your Business Current Account to another provider while retaining your business loan with us.

We may require you to open a fee free loan servicing account and will confirm if this is required as part of the switching process.

A fee-free Loan Servicing Account is not a Business Current Account. This account will purely be used to facilitate your loan and will be free of any transaction charges.

You are able to use another provider to manage your business banking while retaining your business loan with us.