Interest rates

Our annual interest rates range from 4% to 12% with a current average of 7.7%. They’re fixed for the life of your loan with us.

How we decide which rate to charge

We consider each loan application we receive on an individual basis and take into account the following factors when we decide which interest rate to charge:

  • The creditworthiness of your business, which we assess using a Credit Reference Agency
  • Available security
  • Your business’ recent financial performance


Once we’ve assessed these factors we grade each loan application from band A to F to help us determine the interest rate (F representing the highest risk).


Our latest interest rates

The following table shows the weighted average interest rate we charged on loans between 1 April 2017 and 30 June 2017, broken down per quarter and as a total:

Grade Weighted Average Q1 Total Weighted Average
A 6.2% 6.2%
B 6.6% 6.6%
C 7.3% 7.3%
D 8.2% 8.2%
E 8.5% 8.5%
F 9.6% 9.6%
TOTAL  7.7% 7.7%


Loans sanctioned per band

The following table provides a percentage breakdown of the total number of loans sanctioned by value per band between 1 April 2017 and 30 June 2017:

Grade % Number of deals % Value sanctioned
A 5% 9%
B 10% 11%
C 13% 19%
D 5% 4%
E 15% 27%
F 53% 30%
Total 100% 100%



Financial year 2016-17

The weighted average interest rate for the last financial year (2016-17) was 7.27%

Interest rates