Loan interest rates

[The law of sod]

Just wondering What everybody else’s business loan rates are at?

Lowest i have found so far (haven’t looked to deep into it)
is a 6% small business government back loan,

looking at a fixed rate ,repayment over 5 years,

Looking at borrowing £25-£30,000.

any body got any recommendations?

natwest i see are at 9%

 

[Tarw Coch]

Nat west were talking 2.5% a couple of weeks ago

 

[The law of sod]

Nat west were talking 2.5% a couple of weeks ago

Where they?
I just had a look on there page quickly yesterday and came up with this

 

[Al R]

Where they?
I just had a look on there page quickly yesterday and came up with this
View attachment 1040591

Is that business or personal though?
Speak to your manager.

 

[The law of sod]

Just browsing online on there homepage ,under small business loan.

 

[jackrussell101]

Nat west were talking 2.5% a couple of weeks ago

Is that then plus base after? So 3.5% all in?

 

[Tarw Coch]

Is that then plus base after? So 3.5% all in?

Yes, over base

 

[Donny]

I'm currently thinking about taking a loan. Searching for the best options.

 

[Donny]

I'm currently thinking about taking a loan. Searching for the best options.

Any suggestions?

 

[Timbo]

I'm currently thinking about taking a loan. Searching for the best options.

Youll likely be better off borrowing thro a broker, or adding an ( extra ) over draft facility to your account ( assuming business acct)

 

[Rich_ard]

For £ 25 k better getting a Tesco personal loan! 3.6% have to pay it back in 5 years though

 

[Donny]

Thanks for your thoughts! According to the https://bnlfinance.com/farm-loans-with-bad-credit-the-complete-guide/ article, there is no matter if I have a bad credit score or not, the rates should be kept low because agricultural loans are considered assistance. Nevertheless, I faced with a problem to find rates lower then 3.750 %.

 

[midlandslad]

Not sure i would trust a Bulgarian lender?!

 

[DeeGee]

Not sure i would trust a Bulgarian lender?!

Just leave out the word ‘Bulgarian’ and most would agree with you.