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Variable Rate Loans
A flexible loan for your business
You must be an existing Isle of Man Bank business account customer. Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only.
Any property or assets used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.
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
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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 OpenClose
Charges OpenClose
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.
Apply for a Variable Rate Loan for your business
In branch
Visit your local branch to find out if you're eligible for a Variable Rate Loan for your business.
By telephone
Give us a call on 01624 637699.
Lines are open Monday to Tuesday 9am - 5pm, Wednesday 10am - 5pm and Thursday to Friday 9am - 5pm (except public holidays). Calls may be recorded.