Bank of Scotland smartfinance

Does your bank act like you're made of money, offering you products and services that are inflexible? Well, Bank of Scotland sees you differently. That's why they're challenging the face of business banking with innovative products like Bank of Scotland smartfinance. It's the first ever commercial mortgage that could give you the freedom to clear your balance early and save thousands in the process.

Account Highlights

• Opportunity to clear your balance early and save thousands in the process
• Effectively combines a mortgage with a choice of current accounts
• Backed by a team of specialists

How it Works
Bank of Scotland smartfinance effectively combines a commercial loan with a current account.
But instead of actually paying interest on your current account, an equivalent notional amount, equal to Bank of Scotland Base Rate (click here to see the current base rate), is used to reduce the interest payable on your loan which means you could pay your loan off faster and make big savings*.

Why not calculate the savings you could make on your business lending using the Bank of Scotland Calculator - calculator.

Smartfinance Interest Rates
If your lending is for buying or is secured by a property then the following interest rates will apply.
Alternatively you can contact Bank of Scotland to discuss rates for your individual needs:

Loan to Value ratio	Link to Base Rate %
Up to 40%	+1.50
41% to 60%	+1.75
61% to 70%	+2.00
71% to 75%	+2.50
More than 75%	Contact Bank of Scotland for details

Rates with effect from 13 August 2002

Smartfinance for Professionals
Additional benefits are available for doctors, dentists and vets - click here find out more about offers for doctors, dentists and vets.

• Mortgage lending up to 100% LTV and up to a further £300k without additional security
• Unsecured loan for other business purposes up to £300k available
• One rate of lending no matter how much you borrow

* Credit balances in a current account that exceed the equivalent debit balances in the mortgage account will not earn effective notional interest. Finance is provided for business use only and subject to satisfactory credit assessment. Bank Scotland subscribes to the Business Banking Code and the Statement of principles; copies of which are available on request.

Information is available in large print, audio and Braille on request; please call for details.