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Base Rate

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Subject to a formal application, the Bank is able to provide secured loans and other facilities; approval of any requests will be at the Bank’s sole discretion and will depend upon, amongst other things, your individual circumstances and the value of security offered. Loans will be linked to the Bank of England’s Base Rate as varied from time to time, subject to a minimum rate currently 0.10%; any changes to the Bank of England’s Base Rate are published in the National Media. The Bank will charge interest on all loans at a Margin over the Bank of England’s Base Rate, subject to the minimum rate described above, and this Margin will depend on the individual characteristics of the requested advance.