As part of Lloyds Bank's participation in the Funding for Lending Scheme, we have reduced the interest rate by 1% on all approved business loan, commercial mortgage and hire purchase applications received after the 10th September 2012.
Reducing the borrowing costs for small and medium-sized businesses is just one way we're going further to help our customers, and Britain, prosper.
- Interest rates reduced by 1%
- Discount applies for the whole life of the loan
- An arrangement fee will apply, up to 1.5% and dependent on the amount you borrow