The rating of the best interest rates under the business term loans for 10 year06.04.2020
Bankchart.co.uk has surveyed the terms of the offered business term loans for 10 years 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 - 06.04.2020
As of 26 March 2020 the loans under review have been offered by 7 banks. The average interest rate under such loans equals 9,76 % p.a. The total number of the loan programs available for the specified loan terms is 17.
The most affordable business loan is offered by HSBC Bank. The comparison rate under "Small Business Loan" loan program constitutes 7,10 % p.a. 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-7 business term loans loan programs for 10 years, as of 26 March 2020
#
Bank
Interest Rate, %
1
7,10
interest rate, %
rate type
variable
administration
£ 100,00, one-time
max. sum
£ 25 000,00
2
8,60
interest rate, %
rate type
variable
administration
1,50 %, one-time
4
8,90
interest rate, %
rate type
fixed, variable
max. sum
£ 25 000,00
6
10,04
interest rate, %
rate type
fixed
max. sum
£ 25 000,00
To view the up-to-date rating of the home loans at our website, click here.
Published: 06 April 2020
Author: Prostobank Consulting
Source: https://bankchart.co.uk