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Business overdrafts
Flexible options for short-term finance
Apply for a business overdraft to help you manage changes to your cashflow.
11.69% representative EAR
on unsecured overdrafts of
£1,000 – £25,000
Lowest customer margin available from 5.77% over Bank of England base rate
|
Business bands |
£1,000 – £5,000 |
£5,001 – £10,000 |
£10,001 – £15,000 |
£15,001 – £20,000 |
£20,001 – £25,000 |
|---|---|---|---|---|---|
|
Representative customer margin |
12.03% |
10.86% |
10.68% |
8.85% |
8.85% |
|
Representative EAR* (variable) |
13.00% |
11.69% |
11.49% |
9.49% |
9.49% |
|
Overdraft fees |
From £75 up to £250 |
From £175 up to £300 |
From £195 up to £300 |
From 1.6% up to 2.5% of the limits |
From 1.6% up to 2.5% of the limits |
* EAR means Effective Annual Rate. We provide it to let you to make comparisons against other overdraft products. To calculate the EAR, we take both your interest rate margin and the current Bank of England Base Rate (0.25%), which you are charged on your overdraft, and compound it every month over a year. The EAR does not include any fees or charges that apply to your overdraft. It also does not take account of any future Base Rate changes. There may be an overdraft fee applied to cover the cost of providing it.
* Rep EAR – representative Effective Annual Rate (representative EAR) is the advertised rate (or a lower rate) we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement as a result of the advertising or marketing will get. The rep EAR does not include any future Bank of England Base Rate changes.
Interest will accrue daily and be applied to the borrower’s business current account in arrears on a monthly basis.
Have a current account with us? Log in to see if you have a provisional loan limit without affecting your credit rating1
Key features and benefits
If you need convenient access to short term borrowing fast, then a business overdraft could be right for you23.
Flexible borrowing
You can apply to increase or decrease your overdraft limit as your business needs change.
Get cashflow support
Pay for stock and other costs without waiting for your sales income.
Minimise borrowing costs
Only pay interest on overdrawn balances, which you can repay any time.
What you need to know
Barclays business overdraft features
- Increase or decrease your overdraft limit as circumstances change
- Only pay interest on overdrawn balances, which you can repay at any time
- Interest is calculated on daily overdrawn balances, at an agreed margin over the Bank of England base rate
- Fees and interest are debited to your current account on the Bank's usual charging dates (available on request) either monthly or quarterly in line with your current account tariff
- Overdrafts are repayable on demand and typically reviewed annually
- Overdrafts are subject to application and status
Ready to apply or want to find out more?
Barclays customers
Call us on 0345 605 23454. Lines are open Monday to Friday, 8am to 7pm
Have a current account with us?
Log in to see if you have a provisional loan limit without affecting your credit rating 1.
New to Barclays?
Call us on 0800 515 462 4. Lines are open Monday to Friday, 8am to 7pm.
Other products that may interest you
Business credit and charge cards
Manage cashflow with a credit or charge card
Choose a Barclaycard to suit your business – credit cards for flexible borrowing or charge cards if you pay the balance off each month5.
- A choice of credit cards or charge cards
- Introductory offers available
- Extras including enhanced travel insurance and foreign exchange savings
Cashflow finance
Stay in control with cashflow finance
Call us on 0800 015 8353 6.
Business loans
Boost your business with a loan under £25,000
9.9% representative APR
on loans of
£1,000 – £25,000