We like to keep things simple. Interest is charged daily on outstanding balances, with no other fees and no long-term commitments. Rates vary, depending on your business profile, but a typical customer pays around 14% over 6 months.
£11,000 loan + interest:
Principal repaid in equal monthly instalments. Estimate based on interest rate of 4% per month (interest paid off monthly). For business purposes only.
Interest over months
Total interest charge based on typical interest rate of 4% per month. Principal repaid in 4 equal monthly instalments. Interest paid off monthly.
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