Variable rate business loan | NatWest

Variable Rate Business Loan

If your business needs a long-term loan, our variable rate loan may suit you

Security may be required. Product fees may apply. Over 18s only.
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

Looking for a long-term loan that suits you?

Whether you have expansion plans, want to buy specialist equipment or need to boost your working capital, a Variable Rate Business Loan may suit your cash flow. Talk to your Relationship Manager about what repayment structure will suit your business finances, what repayment options are available to you and any product fees that may apply.

Our Variable Rate Business Loan offers:

Variable interest rates

Which are linked to the Bank of England base rate.

Multi-currency options

 To minimise your exposure to exchange rate fluctuations.

Long maximum term

Borrow for up to 25 years.


With values of £35,001 upwards, talk to your Relationship Manager about the amount you need to borrow, and how to arrange a loan.

No early repayment charges

Giving you the flexibility to repay your business loan at any time.

Repayment options
Subject to initial agreement we can offer you:


With a single capital repayment at the end of the term. You will have to save money separately to repay the capital borrowed.

Staged withdrawals

Take your loan in stages, in up to four drawdowns over 12 months.

Capital repayment holidays

- of up to three years. If you take a capital repayment holiday, interest is charged during the period of underpayment and your monthly payments may increase afterwards.


Talk to your Relationship Manager about the amount you need to borrow, and how to arrange a loan.

Simple steps for your Business lending application 

Whether you’ve been with us for years or you’re a new customer, you can help us to give you a swift answer on a lending application.

Just have the necessary information ready when you apply. This includes:

  • What do you need to borrow the money for?
  • It sounds obvious but we need to know how much you need to borrow
  • How long do you want to repay the loan over?
  • Who are the owners/directors and what sort of business is it?

In addition, there are some specific documents we need to see dependent on your company size and past history with the bank.


Icon expand Existing businesses banking with NatWest

In addition to the above, we need to establish the current and previous financial performance of your business. We would look to see at least one of the following:

Year-end accounts

Ideally 2 years worth

Tax returns

Again, ideally 2 years worth

Business bank account statements

6 months worth

We also require information about what your business owns and what it owes to make sure your business is not over exposed to debt and you’ll be able to manage the repayments.

Proof of assets and debts

Details of any property, equipment, existing loans, mortgages, hire purchase or other monies owed.

If you need further explanation, try our section on understanding business finance basics.

 View understanding business finance basics


Where the amount of lending exceeds £35,001 we will ask for all of the above information as well as the following:

Owner investment in business

This gives us a good indicator of your commitment to the business.

Other business interests

We need to understand your level of involvement in the business and your track record.

Assets and security

For certain lending options, we may require some form of security such as a property, director’s guarantee or other assets to secure the funding. If security isn't available, there are other options such as government-backed and non-bank funds and schemes.

More about funds and schemesOther sources of finance


DownloadChecklist pdf (235kb)


Icon expand New businesses to NatWest

With no evidence of past financial performance, we would ask to see details of what your new venture will look like. We would also ask to see the following information from existing businesses that are expanding or taking a major change of direction.

Business plan

A detailed document describing the nature and structure of your proposed business.

Cash flow forecast/profit and loss

Financial projections to give us an idea of likely incomings and outgoings.

For help download one of our useful tools:

Download Cash flow forecast template (.xlsx 23kb)

Cash flow forecast guidance notes (pdf 703kb)

Checklist (pdf 235kb)

Download Profit and loss template (.xlsx 29kb)

Profit and loss guidance notes (pdf 1.1mb)



Apply for a Variable Rate Business Loan

New customers

Existing customers

Startup or business with a turnover under £2m?

0345 711 4477

0800 404 6161
Lines open 24/7:
(Excl public holidays)
Calls may be recorded

Contact your Business Manager

Business with turnover over £2m?

0800 073 2256

0800 404 6161
Lines open Mon - Fri
9am - 5.50pm
(Excl public holidays)
Calls may be recorded

Contact your Relationship Manager

Support for your business

Business Matters

Women in business

Financial Healthcheck
Add your signposting title here… Call us to book your health check

To arrange your free financial health check please either contact your Business Manager directly or call us on 0345 7114477.

Get in touch

Whether you're a new or existing customer speak to one of our dedicated business specialists by calling BusinessLine on:

0345 711 4477
0800 404 6161

Open 24 hours a day, 7 days a week, 365 days a year.

Alternatively you can speak to your Business or Relationship manager, who are available 9am-7pm Mon-Fri and Saturdays 9am-2pm.

Calls may be recorded.

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