The APR is the annual rate charged for borrowing and is expressed as a percentage that represents the actual yearly cost of an unsecured loan up to £25,000 over its term. This applies to Capify’s Business Loan products up to £25,000. The calculation below includes any fees and costs associated with the transaction (if any).
| Amount requested by customer | Processing fee | Origination fee | Amount customer receives | Total repayble | Cost |
|---|---|---|---|---|---|
| £24,000 | £295 | 3% | £22,925 | £29,472 | £6,487 |
If you’re considering finance for your business, we’d like you to be aware of the fees that could be charged. Fees are associated with the set up and management of your business finance accounts.
Amount Borrowed | Processing Fee | Origination Fee | Monthly Cashplus fee (if applicable) |
| Up to £9,999 | £249 | 4% | £25 |
| £10,000 – £29,999 | £349 | 4% | £25 |
| £30,000 – £49,999 | £449 | 4% | £25 |
| £50,000 – £99,999 | £549 | 4% | £25 |
| £100,000 plus | £649 | 4% | £25 |
| Amount Borrowed | Processing Fee | Origination Fee | Monthly Service Fee |
| Up to £9,999 | £249 | 4% | £24.90 |
| £10,000 – £29,999 | £349 | 4% | £24.90 |
| £30,000 – £49,999 | £449 | 4% | £24.90 |
| £50,000 – £99,999 | £549 | 4% | £24.90 |
| £100,000 plus | £649 | 4% | £24.90 |
Monthly Service Fees will be charge on a pro-rata basis either daily or weekly dependent on the type of loan.
