Overlay
Variable Rate Loans

A flexible loan for your business

Variable Rate Loan

  • The loan amount is tailored entirely to your business needs. Subject to approval
  • Loans can be taken over a term between 3 months and 25 years 
  • There is no charge for repaying the loan early
  • Various repayment options available including; capital and interest, capital only and interest only

Features of this loan

Features

A variable rate of interest

Your monthly repayment can go up or down, depending on changes to the Isle of Man Bank base rate.

Flexible borrowing amount

The amount of borrowing is tailored entirely to your business needs.

A range of repayment terms

Minimum loan term of 3 months, maximum 25 years.

Repayment options

Capital and interest

Make payments towards the initial amount borrowed and the interest.

Capital only

Make payments towards the initial amount borrowed only.

Interest only

Make payments towards the interest of the loan only.

Charges

Interest rate

Your interest rate will be linked to the Isle of Man Bank base rate.

Arrangement fees

An arrangement fee may apply depending on amount and term of borrowing.

Security fee

A security fee may apply, if any security is taken based on the complexity of the loan.

Useful information

Apply for a Variable Rate Loan for your business

icon-visit-us-in-branch-locator-white Created with Sketch.

In branch

Visit your local branch to find out if you're eligible for a Variable Rate Loan for your business.

icon-call-us-phone-white Created with Sketch.

By telephone

Give us a call on 01624 637000

Lines are open Monday to Friday 9am - 5pm, except on bank holidays.

If outside these hours please leave a message and we'll contact you as soon as we can.