5,10 % p.a. is the minimum interest rate under the business term loans for 1 year15.01.2021

Bankchart.co.uk has surveyed the terms of the offered business term loans for 1 year in the national currency. Our website's analysts have studied the loan offers from 20 most popular UK banks, which place rates on their websites. Review date - 15.01.2021

As of 15 January 2021 the loans under review have been offered by 8 banks.   The average interest rate under such loans equals 7,79 % p.a. The total number of the loan programs available for the specified loan terms is 20.

The table below shows the best offers by each bank selected by Bankchart.co.uk (in terms of costs) for the aforementioned terms.

The TOP-8 business term loans loan programs for 1 year, as of 15 January 2021

#

Bank

Interest Rate, %

1

5,10

interest rate, %

rate type

variable

max. sum

£ 25 000,00

2

5,10

interest rate, %

rate type

fixed

3

5,50

interest rate, %

rate type

variable

max. sum

£ 120 000,00

4

7,10

interest rate, %

rate type

variable

administration

£ 100,00, one-time

max. sum

£ 25 000,00

5

7,90

interest rate, %

rate type

fixed, variable

max. sum

£ 25 000,00

6

8,70

interest rate, %

rate type

fixed

approval fee

1,50 %

max. sum

£ 100 000,00

7

9,28

interest rate, %

rate type

fixed

max. sum

£ 25 000,00

8

11,77

interest rate, %

rate type

fixed

max. sum

£ 24 999,00

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