Changes in Lending Rates

Effective 20 April 2022, TSB increased its AgriBusiness, Commercial and Business variable and revolving credit interest rates as follows:

• A 0.50% increase to variable rates
• A 0.50% increase to the revolving credit rate

Because our rates have increased, the applicable interest rate for customers:

• with existing lending in place as at 20 April 2022; and
• whose current interest rate* is made up of one of the rates that is increasing,

will increase by the same amount as the increase in the relevant rate (this includes where a margin or discount is applied to your loan).

The increases for these customers will be effective from 4 May 2022.

For more information, feel free to ask one of the team - we’re happy to help.