Variable Rate Loan

The rate may vary but the benefits don't.

The Variable Rate Loan is designed for those who are comfortable with variable rates of interest, and who may want to pay off their loan early with no early repayment charges.

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Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only. Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.

Loan details

Borrow from £1,000 with no maximum upper limit, subject to credit approval

Repayment terms from 3 months up to 25 years

You can take the loan in instalments (tranche drawdown)

No early repayment charges, conditions apply

Capital Repayment Holiday available, subject to approval. Conditions apply and you must keep paying the interest during the repayment holiday

Arrangement and security fees may apply

The interest rate under our variable rate loan varies in accordance with the Ulster Bank base rate

Variable Rate Loan Fact Sheet (PDF, 960 KB)

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How does a Variable Rate Loan work?

Wish to borrow £25k or less?

Discover the rates you're likely to pay and check your eligibility.

If you have a Relationship Manager please contact them to find out how much you could borrow.

Variable Rate Loan calculator

Amount you'd like to borrow

Min value Max Value

You'd like to repay it over

Min value Max Value

Min value Max Value

Representative APR

Monthly payment
Interest rate %
Representative APR %
Total Repayment

100.00% of SME customers received an end quote that was the same, better or no more than 10% above their indicative quote.

You may also be eligible for a Business Overdraft. 

View Overdraft



Get in touch with us today

Enquire online in just 2 minutes

Simply tell us a little about your business and we'll be in touch to talk through possible solutions tailored specifically to you.

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Speak to our team

If you have a Relationship Manager speak to them to discuss your needs, or phone us to speak with our dedicated team.


Lines are open 9.00am – 5.30pm Monday to Friday (except public holidays). 

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Important info about our Variable Rate Loan

Customers with hearing and speech impairments can contact us using our Relay UK Service: 18001 0345 366 5592.

Lines are open 9.00am – 5.30pm Monday to Friday (except public holidays)

For more information visit the accessibility page.

Calls may be recorded for training and monitoring purposes. To see how much your call might cost, visit the call charge information page.

What else could we help you with?