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Definition
The standard variable rate is the baseline rate a lender applies when no promotional, fixed or discounted deal is in force. Unlike a benchmark-linked rate, an SVR moves at the lender’s discretion — it may follow the base rate, but is not contractually tied to it. It is usually one of the least competitive rates on offer.
In plain terms
It is the “rack rate” of lending. Sitting on an SVR by default usually means paying more than you need to.
Why it matters for your company
Avoid drifting onto an SVR — review before any deal ends. See reversion rate and discounted rate.
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Reversion rate
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Discounted rate
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Variable rate
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Advance rate
The advance rate is how much of an asset's value a lender will lend against — 80% of invoices, say. The gap…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.