2016 £m	2015 £m
Borrowings at amortised cost:
Bank overdrafts	5.8	3.8
Loans	5.0	–
	10.8	3.8
The borrowings are repayable as follows:
On demand or within one year	5.8	3.8
In the third to fifth years	5.0	–
	10.8	3.8
Less: Amount due for settlement within 12 months (shown under current liabilities)	(5.8)	(3.8)
Amount due for settlement after 12 months	5.0	–

Analysis of borrowings by currency:

	Sterling £m	Euro £m	US Dollar £m	Other currencies £m	Total £m
At 31 December 2016
Bank overdrafts	–	3.4	1.0	1.4	5.8
Loans	5.0	–	–	–	5.0
	5.0	3.4	1.0	1.4	10.8
At 31 December 2015
Bank overdrafts	–	0.1	1.5	2.2	3.8

The weighted average interest rates paid were as follows:

	2016 %	2015 %
Bank overdrafts and loans	1.7	2.2

The directors estimate the fair value of the Group's borrowings as follows:

	2016 £m	2015 £m
Bank overdrafts	5.8	3.8
Loans	5.0	–

The other principal features of the Group's borrowings are as follows:

1. Bank overdrafts are repayable on demand. No overdrafts are secured.
2. At 31 December 2016 the Group's principal borrowing facility had drawings of £5.0m (2015: £nil) under a Revolving Credit Facility of £230m. This unsecured facility commenced on 3 July 2014 and matures on 3 July 2019. The multi currency drawings under this facility carry an interest rate of between 1.05% and 1.90% above LIBOR (the applicable margin at 31 December 2016 was 1.05%).

At 31 December 2016 the Group had available £225.0m (2015: £230.0m) of undrawn committed borrowing facilities.

All borrowings are classified as financial liabilities measured at amortised cost.