One fixed rate
5.00% p.a. for the life of the loan, so you know exactly what the company pays each month.
Clear an expensive overdraft
Replace an overdraft that can be withdrawn on demand with one fixed-rate loan and a set repayment schedule.
Overdrafts
Why overdrafts cost more than they seem
An overdraft is flexible, but the bank can reduce or withdraw it at short notice, and the rate is often high and variable. Many companies end up permanently overdrawn, paying interest month after month without ever clearing the balance.
Clearing it with a fixed 5.00% loan turns that open-ended cost into a clear plan: one rate, one monthly repayment, and a date when the debt is gone.
Illustrative example
A company clears a £60,000 overdraft and repays over five years.
| Loan | £60,000 |
| Rate | 5.00% p.a. fixed |
| Term | 5 years |
| Monthly repayment | £1,132 |
| Total interest, paid back into your own pension fund | £7,936 |
| Total repaid | £67,936 |
Illustrative only. Equal monthly payments; your loan agreement sets the exact figures.
How the loan helps
Why directors choose it
No withdrawal risk
Unlike an overdraft, the loan cannot be called in at short notice while repayments are made.
See what your company could borrow
Loans from £25,000 up to £500,000. 5.00% p.a. fixed. No credit checks.