The commercial loan rate that you will receive is dependent on a number of things including factors such as whether you are a home owner, how much you are looking to borrow, your credit history and the repayment time frame you require. Typically, homeowners will be offered the lowest commercial loan rates. Things to consider are:
- The lowest possible interest rate
- Make sure your loan suits your circumstances, e.g. homeowner, previous CCJs
- You may have early repayment fees
- Ensure your repayment plan is flexible
It is worth shopping around to ensure that your commercial loan rate is the best for you.