Business Overdraft | Royal Bank

Business overdraft

A business overdraft could help you manage your cash flow

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.

Helping your business prepare for the unexpected


A business overdraft could help you boost cash flow when it matters or help when an unexpected cost comes along. With an agreed limit, as long as you have the available funds, you decide when you want to use it too.

 

Pay interest on the amount you borrow

Review your agreed limit when it suits you

 

Flexibility to use only what you need

More peace of mind with your cashflow

Important information Rates and Charges
Overdraft £1,000 £5,000 £10,000 £15,000 £20,000 £25,000
Arrangement Fee £100 £150 £150 £225 £300 £375
Representative EAR (variable) 5.88%     5.88% 5.35% 5.35% 5.35% 5.35%

 

Note:

If you have a Relationship Manager please speak to them about your borrowing needs.

If you do not have a Relationship Manager and wish to borrow up to £35k you can apply online, if you wish to borrow more please contact us on: 0345 711 4477

Interest on your account is calculated daily, based on your end of day balance and rate, and charged to your account quarterly. If the overdraft is between £501-£1,500, the arrangement fee is £100. For overdrafts above £1,500, an arrangement fee of 1.5% or a minimum £150 fee is applied. A 12 month fee-free £500 overdraft for start ups is available, subject to status, you would still pay interest on that.

Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement will get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR doesn't take into account any overdraft fees which may be incurred if you go over your agreed overdraft limit.

Note:

If you have a Relationship Manager please speak to them about your borrowing needs.

If you do not have a Relationship Manager and wish to borrow more than £35k, please contact us on: 0345 711 4477

Interest on your account is calculated daily, based on your end of day balance and rate, and charged to your account quarterly. If the overdraft is between £501-£1,500, the arrangement fee is £100. For overdrafts above £1,500, an arrangement fee of 1.5% or a minimum £150 fee is applied. A 12 month fee-free £500 overdraft for start ups is available, you would still pay interest on that.

Note:

If you have a Relationship Manager please speak to them about your borrowing needs.

If you do not have a Relationship Manager and wish to borrow more than £35k, please contact us on: 0345 711 4477

Interest on your account is calculated daily, based on your end of day balance and rate, and charged to your account quarterly. If the overdraft is between £501-£1,500, the arrangement fee is £100. For overdrafts above £1,500, an arrangement fee of 1.5% or a minimum £150 fee is applied. A 12 month fee-free £500 overdraft for start ups is available, you would still pay interest on that.

Note:

If you have a Relationship Manager please speak to them about your borrowing needs.

If you do not have a Relationship Manager and wish to borrow more than £35k, please contact us on: 0345 711 4477

Interest on your account is calculated daily, based on your end of day balance and rate, and charged to your account quarterly. If the overdraft is between £501-£1,500, the arrangement fee is £100. For overdrafts above £1,500, an arrangement fee of 1.5% or a minimum £150 fee is applied. A 12 month fee-free £500 overdraft for start ups is available, you would still pay interest on that.

Note:

If you have a Relationship Manager please speak to them about your borrowing needs.

If you do not have a Relationship Manager and wish to borrow more than £35k, please contact us on: 0345 711 4477

Interest on your account is calculated daily, based on your end of day balance and rate, and charged to your account quarterly. If the overdraft is between £501-£1,500, the arrangement fee is £100. For overdrafts above £1,500, an arrangement fee of 1.5% or a minimum £150 fee is applied. A 12 month fee-free £500 overdraft for start ups is available, you would still pay interest on that.

Note:

If you have a Relationship Manager please speak to them about your borrowing needs.

If you do not have a Relationship Manager and wish to borrow more than £35k, please contact us on: 0345 711 4477

Interest on your account is calculated daily, based on your end of day balance and rate, and charged to your account quarterly. If the overdraft is between £501-£1,500, the arrangement fee is £100. For overdrafts above £1,500, an arrangement fee of 1.5% or a minimum £150 fee is applied. A 12 month fee-free £500 overdraft for start ups is available, you would still pay interest on that.

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
  • Who are the owners/directors and what sort of business is it?
How we make a decision

Start my application

Apply now
Switching to NatWest or starting a business?
Thinking of switching to Royal Bank?

If you're planning on switching to Royal Bank and already have a business overdraft with your current bank, we'll do our best where possible to match their terms with you when you switch.                                                                                                                                                      

Find out about switching your business to Royal Bank

Starting your own business?

For start-up businesses which have opened a Business Current account with us, we may be able to offer you an arrangement fee-free £500 overdraft for the first year. A fixed interest rate of 6.5% will be charged for the initial agreement period (subject to status).

Learn more about our start-up package

Support for your business

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Women in business

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

To arrange your free Financial Healthcheck please either contact your Business Manager directly or call us on 0345 7114477.

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