Which UK bank offers the best business overdraft18.01.2021

Bankchart.co.uk has surveyed the terms of the offered business overdraft 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 - 18.01.2021

As of 15 January 2021 the loans under review have been offered by 10 banks.   The average interest rate under such loans equals 9,27 % p.a. The total number of the loan programs available for the specified loan terms is 26.

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-10 business overdraft loan programs for 1 year, as of 15 January 2021

#

Bank

Interest Rate, %

1

5,20

interest rate, %

rate type

variable

approval fee

1,50 %

administration

1,50 %, one-time

max. sum

£ 50 000,00

2

5,20

interest rate, %

rate type

variable

approval fee

1,50 %

max. sum

£ 25 000,00

3

6,28

interest rate, %

rate type

variable

approval fee

1,50 %

max. sum

£ 250 000,00

4

7,64

interest rate, %

rate type

variable

approval fee

1,60 %

max. sum

£ 25 000,00

5

8,75

interest rate, %

rate type

variable

approval fee

2,50 %

6

9,00

interest rate, %

rate type

variable

facility fee

1,75 %,

max. sum

£ 25 000,00

7

9,75

interest rate, %

rate type

variable

administration

£ 10,00, monthly

max. sum

£ 5 000,00

8

9,75

interest rate, %

rate type

variable

approval fee

£ 10,00

9

10,16

interest rate, %

rate type

variable

approval fee

£ 250,00

max. sum

£ 15 000,00

10

10,36

interest rate, %

rate type

variable

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