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Fixed Rate Loan

A fixed rate loan has a fixed interest rate for the whole term, so you'll know exactly what the repayments will be each month allowing you to plan your finances better.

Our lowest rate is 9.94% APR representative (fixed) for loan amount of £13,000 over 60 months.

 

Features and benefits

  • Borrow between £1,000 to £25,000 or £100,001 to £1,000,000
  • 1-10 year terms available
  • Repayment amount is fixed for the term of the loan
  • You can apply for capital repayment holidays
  • Loan available on a secured and unsecured basis*
  • Arrangement fees apply**
  • Break costs may apply for early repayments***

View our business representative rates.

What you need to apply for a fixed-rate business loan from TSB

Proof that you

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Are over 18 and a sole trader, partner, or director

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Are a UK-based business

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Have an existing TSB account

Have this information to hand:

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How much you want to borrow

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The purpose of the finance

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The term you want to spread repayments over

Ready to apply?

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Call us on 0345 835 3858

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Or, if you’re calling from abroad, +44 203 284 1576

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We’re here 8am – 6pm Monday to Friday, 9am – 2pm Saturday

Further information

Ready to apply?

Call us on 0345 835 3858

Or, if you’re calling from abroad, +44 203 284 1576

We’re here 8am – 6pm Monday to Friday, 9am – 2pm Saturday

Other finance options available

Business overdraft

A business overdraft will make sure that extra funds are available when you need them.

Find out more
Base Rate Loan

A loan linked to the  Bank of England Base Rate. Your interest rate you pay changes with base rate.

Find out more
Funding options

We’ve partnered with Funding Options, which scans a panel of lenders to find the right products for you.

Find out more

Important information

*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 cannot 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%.

***A break cost may be applied on fixed rate loans, on an early partial or full repayment of the loan. This could be substantial depending on the interest rate at the time. Break Costs apply to Fixed Rate Loans over £25,000.

Representative example

 

9.94% APR representative (fixed). Based on an assumed loan amount of £13,000 over 60 months at the AIR of 9.06% p.a (fixed). Monthly repayment £273.12. Total amount payable £16387.38.

Loan Amount: £13,000 

Term: 60 months

Monthly repayment: £273.12

Total amount payable: £16387.38

*Annual Percentage Rate Representative (APR Representative): 9.94% APR representative (fixed) 

*Annual Interest Rate (AIR): 9.06% % p.a (fixed)

*Simple Interest rate: 8.70% 

*Annual Percentage Rate (APR) is the total cost of the credit expressed as an annual percentage. It represents the actual yearly cost of credit over the loan term and includes the rate of interest and a £250 arrangement fee for a £13,000 loan. The APR will vary depending on the loan amount and term.

**Annual Percentage Rate Representative (APR Representative) is the advertised rate (or a lower rate) we reasonably expect at least 51% of people who are accepted for and enter into the loan agreement as a result of the advertising or marketing will pay.

***Annual Interest Rate (AIR) is the rate of interest on a loan with the rate compounded on a monthly basis.

****Simple Interest Rate is the rate at which daily interest accrues on the loan (not compounded)

If you have a hearing or speech impairment you can contact us using Text Relay or Textphone on 0345 835 3852 (lines are open 8am – 6pm Monday to Friday, 9am – 2pm Saturdays).

Your Business Banking Call Centre is available from 8am to 6pm Monday to Friday and 9am to 2pm Saturday (excluding UK public holidays).

Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. Not all telephone banking services are available 24/7.

TSB Bank plc. Registered Office: Henry Duncan House, 120 George Street, Edinburgh, EH2 4LH. Registered in Scotland, no. SC95237.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 191240.

TSB adheres to The Standards of Lending Practice for business customers which are monitored and enforced by the Lending Standards Board. Read more about our lending commitments to you (PDF, 400KB).

TSB Bank plc is covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service. (Please note that due to the schemes' eligibility criteria not all TSB business customers will be covered by these schemes).

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