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Variable Rate Loan

A flexible business loan with a variable rate

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.

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.

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

Repayment terms from 3 months up to 25 years

No early repayment charges, conditions apply

Repayment holiday available, subject to approval (conditions apply and you must keep paying the interest)

Arrangement and security fees may apply

Changes in the Ulster Bank base rate will affect the amount you need to pay to fully repay your loan. Depending on how you repay your loan any change in the Ulster Bank base rate may require a review of your regular instalment amount

Variable Rate Loan Fact Sheet (PDF, 960 KB)

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.

Already have an Ulster Bank Business account?

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

 

Amount you'd like to borrow

Please Note. You can only check rates up to £25,000. You can still apply online up to £50,000.

You'd like to repay it over

 

Other amounts available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from the Representative APR.

Representative APR (Annual Percentage Rate) is used for comparison purposes and shows the annual interest we expect at least 51% of customers who are accepted for and enter into a loan agreement with us to get. APR takes into account not just the interest on the loan but also other charges you have to pay, for example, any arrangement fee

Minimum arrangement fee of £150 applies for loans up to £15,000. Above £15,000, an arrangement fee of 1% will apply

Representative APR

Monthly Payment

£7,500

Interest Rate %

8.2%

Total Repayment

£8,253.00

Representative APR %

£137.55

 

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. 

 

Other amounts available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from the Representative APR.

Representative APR (Annual Percentage Rate) is used for comparison purposes and shows the annual interest we expect at least 51% of customers who are accepted for and enter into a loan agreement with us to get. APR takes into account not just the interest on the loan but also other charges you have to pay, for example, any arrangement fee

Minimum arrangement fee of £150 applies for loans up to £15,000. Above £15,000, an arrangement fee of 1% will apply

Important info about our Variable Rate Loan

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.

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). 

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?